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	<title>New answer on: Is A Pension A Qualified Retirement Plan?</title>

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		<title>By: James E. Tome</title>

		<link>http://insurancelibrary.com/retirement-plans/is-a-pension-a-qualified-retirement-plan</link>

		<dc:creator>James E. Tome</dc:creator>

		<pubDate>Wed, 12 Jun 2013 13:44:40 +0000</pubDate>

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		<description><![CDATA[Yes a pension is a qualified plan. Meaning you have not paid taxes on that money, so when you begin to take disbursements, it will be taxable @ your current income bracket. If you have not taken any distributions, you will be required to take a Required Minimum Distribution, or &quot;RMD&quot;, the year following your 70 &#038; 6 months birthday.If you want to pass that money on to a beneficiary rather than use the money yourself. You can convert that fund to a Roth IRA, pay the tax now, &#038; pass the money on to your beneficiaries later on.No RMD required in a Roth IRA. A living trust is the best instrument to insure that your wishes are carried out to the letter. A will is simply instructions to the probate court.]]></description>

		

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