turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

gestrock
New Member

How do i know if my retirement plan is a qualified plan

MASSACHUSETTS TEACHERS RETIREMENT SYSTEM
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
MargaretL
Expert Alumni

How do i know if my retirement plan is a qualified plan

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

How do i know if my retirement plan is a qualified plan

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.

JohnB5677
Expert Alumni

How do i know if my retirement plan is a qualified plan

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. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies