SPDA Definition

SPDA

Definition

Single-Premium Deferred Annuity. A tax-deferred investment plan in which an individual makes a single payment to a mutual fund or insurance company. Similar to an IRA, but having no annual contribution limit.

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Popular 'Retirement' Terms

annuity
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deferred compensation
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qualified retirement plan
annuitant
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... part of the Retirement and Taxes subjects.

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