qualified annuity

qualified accounts
qualified automatic contribution arrangement (QACA)

Definition

An annuity funded by pre-tax income. Contributions usually have limits. It is often set up by employers as a retirement plan for their employees. It reduces tax liability when working, but they would be taxed when funds are distributed after maturation.

Recommended Articles from InvestorGuide.com

Related Videos

Featured Advertiser

Nearby Terms

Popular 'Retirement' Terms

Browse by Letter: #ABCDEFGHIJKLMNOPQRSTUVWXYZ