Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

retirement annuity

Read a random definition: Federal Retirement Thrift Investment Board

A quick definition of retirement annuity:

A retirement annuity is a type of savings account that you can set up with an insurance or investment company to help you save money for when you retire. You put money into the account, and it grows over time. When you retire, you can start taking money out of the account to help you pay for your living expenses. The good thing about a retirement annuity is that you don't have to pay taxes on the money you put into the account until you start taking it out.

A more thorough explanation:

A retirement annuity is a type of annuity that provides a fixed income to an individual after they retire. It is a savings account with an insurance or investment company that is established for retirement income. Payments into the account accumulate tax-free, and the account is taxed only when the annuitant withdraws money in retirement.

For example, John contributes $500 per month to his retirement annuity account for 30 years. When he retires, he receives a fixed income from the account every month for the rest of his life. If John dies before he has received all the payments, his designated beneficiary will receive the remaining payments.

Retirement annuities can be fixed or variable. Fixed annuities guarantee fixed payments, either for life or for a specified period. Variable annuities make payments in varying amounts depending on the success of investment strategy.

Overall, retirement annuities provide a reliable source of income for individuals during their retirement years.

retirement | Retirement Equity Act of 1984

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
be that guy
EW THE NEW LOGO IS SO UGLY
WTF
12:09
need to send in my berkeley app rawwwww
BulbasaurNoLikeCardio
12:09
@ChowieBean: should be required to tell them, the schools who asked I only told them the schools in their area not all of them.
BulbasaurNoLikeCardio
12:10
*shouldnt be
12:12
@jackfrost11770: if i get a berk A today and they have that logo im withdrawing (/s /s /s /j /j /j)
babycat
12:12
@ChowieBean: me too lol. you applying to public interest scholars program?
12:14
yes def applying public interest
12:16
i was raised like blocks away from umiami
12:16
idk if i wanna go back to florida tho so im applying there as safety/target 💀
12:25
@ChowieBean: doing the same thing
Does anyone think au gonna get back to us today
My app was complete Oct 11
If yes what time
Dkk
12:29
Sure, yes! 11:22:24 PST
ClassyPleasantHeron
12:30
I wonder if Berk was updating their system so that they could watch more video.
1a2b3c4d26z
12:41
They updated it so they could watch my video one trillion times
brookyln law portal just added person id and application id for me, what does it mean??
Dkk
12:52
@VolatileClumsyAcolyte: well someone got an A so maybe an A
just checked the reddit, apparently it means nothing..
HAPPY FRIDAY HAPPY UCLA DAY
what time would they release cuz west coast
BulbasaurNoLikeCardio
12:54
I hate that Vanderbilts portal gives no status
HopefullyInLawSchool
12:54
@VolatileClumsyAcolyte: did you apply YM to Brooklyn?
JumpySubsequentDolphin
12:57
@SplitterusClitterus: THEY BETTER HAVE AN A WAVE TODAYYY
glovediedthisishismom
12:57
kendrick lamar
glovediedthisishismom
12:57
album
JumpySubsequentDolphin
12:57
I think usually they release at like 1ish?
JumpySubsequentDolphin
12:57
@glovediedthisishismom: GNXXXX
LSD+ is ad-free, with DMs, discounts, case briefs & more.