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Qualified Retirement
Plans
Qualified retirement
plans are government-approved plans which have several major benefits:
- The employer's
contributions can be deducted for income tax purposes.
- Funds contributed
to QRPs are not subject to employer withholding taxes.
- Earnings on plan
investments accumulate on a tax-deferred basis.
- When the funds
are distributed at retirement age, they may be eligible for favorable
tax treatment.
- Taxpayers may be
in a lower income tax bracket after retirement.
Examples of different
qualified retirement plans:
- Defined Pension
Plans.
- Profit Sharing
Plans.
- Money Purchase
Plans.
- Simplified Employee
Pension Plans (SEPPs).
- Simple 401(k) Plans.
- Simple IRAS.
- TSA-403(b) Plans.
- 401(k) Profit Sharing
Plans.
To set an appointment
to discuss your individual situation, please call us at (800) 925-2050.
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