As all surrender unto Me, I reward them accordingly. Everyone follows My path in all respects, O son of Pr?tha
Lord Sri Krishna Bhagavad Gita 4:11
Friday, September 19, 2008
Term of the Day - non-qualified retirement plan
A retirement plan that does not meet the IRS (or ERISA) requirements for favorable taxretirement plans are funded by employers and are more flexible than, but do not have the tax benefits of, qualified retirement plans. Benefits are paid at the retirement age in the form of annuities, which are taxed as ordinary income tax, or in lump sum payments, which can be transferred into an IRA to defer taxes. opposite of qualified retirement plan.
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