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If it is an insurance product it is a non-qualified retirement plan.
A qualified retirement plan is an employer's plan to benefit employees that meets specific Internal Revenue Code requirements. These plans may qualify for special tax benefits, such as tax deferral for employer contributions. Your contributions may also qualify for tax deferral.
Qualified retirement plans can include:
To determine whether your plan is a qualified plan (most but not all plans are), check with your employer or the plan administrator.
If it is an insurance product it is a non-qualified retirement plan.
A qualified retirement plan is an employer's plan to benefit employees that meets specific Internal Revenue Code requirements. These plans may qualify for special tax benefits, such as tax deferral for employer contributions. Your contributions may also qualify for tax deferral.
Qualified retirement plans can include:
To determine whether your plan is a qualified plan (most but not all plans are), check with your employer or the plan administrator.
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