Is A 401K A Qualified Retirement Plan?

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   David RacichPRO

   Fountain Hills, Arizona

   The private sector generally offers defined contribution plans like 401(k)s that are pretax contributions and tax deferred accumulations. Upon retirement, the distributions are taxable as ordinary income.  A 410(k) is a defined contribution plan is sanctioned under Employee Retirement Income Security Act (ERISA) of 1974.
    

   Answered on July 9, 2013

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