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New Member
posted Feb 14, 2020 4:42:23 PM

Does contributing to a roth ira classify as a qualified retirement plan?

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1 Replies
Expert Alumni
Feb 14, 2020 4:56:27 PM

No, a Roth IRA is NOT a qualified plan. A qualified plan means that contributions are tax deferred. Contributions to a Roth IRA are not tax-deferred, but because they are not, the withdrawals are not taxable.