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	<title>New answer on: Is A 401K Qualified Or Nonqualified?</title>

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		<title>By: David Pipes</title>

		<link>https://insurancelibrary.com/retirement-plans/is-a-401k-qualified-or-nonqualified</link>

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Thu, 11 Sep 2014 16:04:04 +0000</pubDate>

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		<description><![CDATA[401(k) refers to the section in the Internal Revenue Code (IRC) that permits employers to establish defined contribution plans for their employees.  These plans qualify for special treatment under the IRC.   Basically money can be contributed to a 401(k) before it is taxed.  This reduces the amount of currently taxed income.  The money held in the 401(k) can grow without incurring taxation.  However, when funds are removed from the 401(k) plan, the proceeds will be taxed as ordinary income except a contribution of after-tax income.]]></description>

		

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