Single Premium Deferred Annuity (SPDA)
Definition
A tax-deferred annuity that accepts a single payment, by check or through a transfer or rollover. It can be bought with qualified (pre-tax) or non-qualified (after-tax) money.
A tax-deferred annuity that accepts a single payment, by check or through a transfer or rollover. It can be bought with qualified (pre-tax) or non-qualified (after-tax) money.