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gringleart
New Member
posted
‎June 4, 2019 3:51 PM
last updated ‎June 04, 2019 3:51 PM

Is my Air Force retirement pay a qualified retirement plan?

 
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MargaretL
Employee Tax Expert
Employee Tax Expert
‎June 4, 2019 3:51 PM

Is my Air Force retirement pay a qualified retirement plan?

No, military retirement plans are considered NON-Qualified plans.

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

View solution in original post

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1 Reply
MargaretL
Employee Tax Expert
Employee Tax Expert
‎June 4, 2019 3:51 PM

Is my Air Force retirement pay a qualified retirement plan?

No, military retirement plans are considered NON-Qualified plans.

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
513
Reply

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