tax deferred
When your money grows inside an account and you do not pay taxes on that growth until you take the money out later. It is like getting to delay a bill instead of paying it right now.
Where it is explained in full
Whole life insurance: what it is, who uses it, and the arithmetic nobody shows you. A life insurance policy that also holds a savings account inside it. It is sold to almost everyone and it fits a few people well. This page explains how it works and how to tell which you are, and it never tells you what to buy.
A definition says what a thing is; it never says whether it fits you. The guides explain how it works and name the professional who confirms it for a particular person. The No Advice Disclosure.
Words beside it
- deferred annuity
An annuity contract where the insurance company holds your money and begins sending you regular payments at a future date you choose, rather than right away.
- Deferred compensation
Pay an executive agrees to receive later; it is an unsecured promise from the employer.
Ask about tax deferred
A model reads this page and answers from it. It will say when the answer is not on the page. Education, not personalized advice.