What Is A 414 H Retirement Plan?

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   David RacichPRO

   Fountain Hills, Arizona

   414 (h) is a qualified retirement plan for state public employees. The contributions are tax deductible and the plan accumulates tax defrred until distributions. Distributions from the plan are taxed as ordianry income at the plan particiapnt's effective tax bracket rate. Many employers make particpation mandatory as part of employment.

   Answered on July 15, 2013

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