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Securities > Tax-qualified Annuities

The following information is about Tax-qualified Annuities.

Tax-qualified Annuities Defined

Plans available only to employees of nonprofit organizations, such as schools, churches, and charities, also known as 403(b) plans. When the employee makes the contribution to the annuity, it is tax-deductible. When the contract is annuitized, the entire payment is taxable as ordinary income.

This definition is in context to Securities. See more contextual defintions for Tax-qualified Annuities.


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