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If you have a retirement plan through your employment or a union, it is likely a qualified retirement plan. If your Form W-2 has a check above Retirement Plan, this is also an indication that it is a qualified plan.
Some common examples of qualified retirement plans include 401(k), 403(b), profit-sharing, money purchase, or defined benefit pension plans.
Examples of nonqualified retirement plans would be Personal IRAs (Roth or Traditional), deferred compensation plans for executives, or non-governmental plans.
If you are unsure, the easiest way to find out is to ask your employer or HR department.
Click here for What's a qualified retirement plan?
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