You'll need to sign in or create an account to connect with an expert.
Yes, it is qualified the pensions fall under Internal Revenue Code
401(a) A qualified pension plan established under Section 401(a) of the Internal Revenue Code.
403(b) A retirement plan available to employees of public schools, non-profit organizations, and educational institutions. Employees are allowed to contribute pre-tax dollars to a company pool that is invested in stocks, bonds, or money markets.
457 An employer-sponsored retirement savings plan for employees of state and local governments, authorized by Congress, where contributions are put in an investment account managed by the employee. Generally, contributions to the account as well as investment earnings aren't taxed until distributions are made.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
cfreeman244
New Member
FSBassett
New Member
les_matheson
Level 2
russel-pierson95
New Member
alice-danclar
New Member