Sentence examples for qualified plan from inspiring English sources

(To read more about financing, see "Should You Take A Loan From Your Plan?," "Getting A Loan Without Your Parents" and "Qualified Plan Loans: Guidelines To Operations").

About the Author: Henry Schwarzberg is the Principal of his consulting firm specializing in all aspects related to Qualified Plan governance, management and operation; Defined Benefit and Defined Contribution plans; Expert witness services and brokerage transaction/account forensics.

Contributing to a qualified plan like a 401(k) may also bring your adjusted gross income down to levels that qualify you for additional tax breaks–such as availability of IRAs which phase out or disappear at higher income levels.

The people in the qualified plan world who are experts at plan designs are called third party administrators.

People could defer too much into a qualified plan, like an I.R.A., and end up having to pay a penalty if they need the money before they turn 59 1/2 years old.

"Based on his stated income level of '$600 per week,' Dan would save $2,272.50 in taxes under the President Bush's proposal if he purchased a qualified plan," the White House says.

Self-employed people can set up several different types of tax-deferred retirement plans, including the Simplified Employee Pension, known as SEP, and Simple and qualified plans, such as solo 401(k) plans.

These plans are designed to meet specialized retirement needs for key executives and other select employees, and are typically exempt from discriminatory testing that qualified plans are subject to.

While most American retirement plans are "qualified" retirement plans that can be divided in a divorce, there are two main categories of non-divisible plans.

But in some states, 401 k)s and other "ERISA Qualified Plans" such as traditional employer pensions, money purchase plans and SEPs, enjoy more protection from creditors than money in an IRA.

Under federal law (the Employee Retirement Income Security Act, the Retirement Equity Act and the Pension Protection Act), a prenup is not sufficient to effect your fiancé's waiver to the spousal interests in your qualified pension plans, such as employee stock ownership/option plans, savings plans and all manner of defined-benefit plans or any other plan that offers a joint and survivor annuity.