Nonqualifying annuity

Definition:

An annuity that does not fall under an IRS-approved pension plan. Contributions are made with after-tax dollars, but earnings can accumulate tax-deferred until withdrawal.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

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Tax loss carryback, carryforward

A tax benefit that allows business losses to be used to reduce tax liability in previous and or following years.

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