C21 Retirement Plans PDF
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Uploaded by SelfSufficientAgate1041
Iowa State University
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Summary
This document covers the differences between qualified and non-qualified retirement plans, along with various retirement plan types and annuities. It details the advantages and disadvantages of various options.
Full Transcript
C21 Know the difference between a qualified and non-qualified plan and their advantages/requirements **qualified** - deductible as a business expense and not taxable income to the employee until they are received as benefits. **non-qualified -** Does not allow employer funding contributions to be...
C21 Know the difference between a qualified and non-qualified plan and their advantages/requirements **qualified** - deductible as a business expense and not taxable income to the employee until they are received as benefits. **non-qualified -** Does not allow employer funding contributions to be deducted as business expenses unless classified as compensation to the employee You should remember the basic types of retirement plans, which are popular, and advantageous to you, such as DC, DB plans, 401(k), IRA and Roth IRA; as well as the advantages of each plan type Be familiar with annuities: types, options, advantages/disadvantages, and how annuities can be used to mitigate longevity risk
