Tax Deferred Annuity Tda

Definition of "Tax deferred annuity (tda)"

Retirement vehicle permitted under section 403 (b) plan of the U.S. Internal Revenue Code for employees of a public school system or a qualified charitable organization. Under such an agreement, the maximum annual contribution is $4500. Cash values and dividends accrue but are not taxed until the annuitant actually receives benefits. At that time, the annuitant is taxed only on the amount that exceeds the investment in the annuity.

Search Real Estate Glossary

Related Real Estate Glossary terms

Dual Divided Agency

Representation of two or more parties in a transaction by the same real estate agent. ...

Volunteer Protection Act Of 1997

Act in which volunteers of nonprofit organizations and government entities do not incur liability if ...

National Health Insurance

Government health care program in several European countries that has been proposed in various forms ...

Queen Anne House

Multistory, nineteenth-century house featuring turrets, high chimney, and decorative trim. ...

Jalousie

Window having several overlapping glass louvers that are installed in a common window frame and pi ...

Reimburse Benefits

Payment by the insurance company to the insured for the actual expenses incurred by the insured, suc ...

Related Real Estate FAQ

What Is A Maintenance Fee?

A maintenance fee is a charge by condominium associations, co-ops, or other homeowners associations ...

What Is A Lien?

A lien is a claim against a property. ...

What Is Depreciation?

Depreciation is a decline in the value of property due to general wear and tear, or is also known as ...

What Is A Deed?

A deed is a legal document that conveys the title to a property. ...

What Happens When You Prequalify?

When you are prequalified, the lender gives you an estimate but does not formally commit to giving y ...

What Is A Proration?

A proration is the division of certain fees. If the sellers have paid the taxes six months in advanc ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

Should you Buy a Home with Cash? How To Choose A Realtor When to buy a house Home Prices - The Extra Costs Foreclosure - The Pros and Cons of Buying

FAQ

What is a lifetime rate cap? What is a subprime mortgage? What is escrow? What is cooperative? How Much Income Do I Need ?