gestrock
New Member

How do i know if my retirement plan is a qualified plan

MASSACHUSETTS TEACHERS RETIREMENT SYSTEM
MargaretL
Expert Alumni

Retirement tax questions

Your plan is a qualified plan. 

Qualified plans include: 

  • 401(k)s
  • 403(b)s (also known as tax-sheltered annuity plans)
  • 457 plans for government employees
  • Traditional IRAs
  • Roth IRAs
  • SEP and SIMPLE plans for employees of small businesses
  • Pension plans
  • Profit-sharing plans
  • Stock bonus plans

Non-qualified plans include:

  • Life insurance policies (if distribution is full payment)
  • Private or purchased commercial annuities
  • Military retirement plans

Retirement tax questions

Is a military pension a qualified plan? There is the military TSP and then there is the military pension. You do not specify which you are referring to.

JohnB5677
Expert Alumni

Retirement tax questions

The TSP (Thrift Savings Plan) is similar to a 401K and is a Qualified plan. 

Military retirement is considered a Non-Qualified plan.  The law does not cover public sector pensions including federal government plans such as the military retirement system. 

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