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How do i know if my retirement plan is a qualified plan
MASSACHUSETTS TEACHERS RETIREMENT SYSTEM
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June 4, 2019
2:08 PM
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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
June 4, 2019
2:08 PM
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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.
March 1, 2020
9:40 AM
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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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March 1, 2020
10:42 AM
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