Portfolio Withdrawal Strategy
Definition
Portfolio withdrawal strategy is the general term for any rule-based approach to drawing income from a self-managed
Self-Annuitization
Definition
Self-annuitization is a decumulation approach in which an individual withdraws income from a self-managed portfolio designed to
Systematic Drawdown
Definition
Systematic drawdown is a decumulation strategy in which an individual withdraws income from a self-managed investment portfolio according
Safe Withdrawal Rate
Definition
Safe withdrawal rate is a planning rule that specifies the percentage of a retirement portfolio's initial balance
Stretch Provisions (Pre SECURE Act Context)
Definition
Stretch provisions, in the pre-SECURE Act context, are the inherited-account distribution rules under which a non-spouse
Penalty-Free Withdrawal
Definition
A penalty-free withdrawal is a distribution from an annuity contract or qualified account that is not subject to
Annuity Inside an IRA
Definition
An annuity inside an IRA is an annuity contract held as an asset within an individual retirement account, which
Cost Basis In Annuity Context
Definition
Cost basis in an annuity context is the after-tax capital contributed to a non-qualified annuity contract, which
Ordinary Income Treatment
Definition
Ordinary income treatment is the tax characterization under which the taxable portion of an annuity distribution is taxed at
Tax Deferral
Definition
Ordinary income treatment is the tax characterization under which the taxable portion of an annuity distribution is taxed at
Annuitization Rate
Definition
The annuitization rate is the factor a carrier applies to a deferred annuity contract's account value at
Installment Refund Option
Definition
The installment refund option is an annuity payment option under which any portion of the original premium not yet
Cash Refund Option
Definition
The cash refund option is an annuity payment option under which any portion of the original premium not yet
Straight Life Annuity
Definition
A straight life annuity is an annuitized contract paying income for the lifetime of a single annuitant only, with
Life with Period Certain
Definition
Life with period certain is an annuity payment option under which income is paid for the lifetime of the
