What Is A Tax Qualified Retirement Plan?

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    Kevin Startt
    A tax qualified plan is a savings or retirment plan that falls under the regulatory authority of the Employee Retirement Income Security Act(ERISA-1974). This act laid the foundation for modern pension law. It drives many advisors bonkers to hear that an IRA is a qualified plan which many insurance advisors utilize in conversation incorrectly.
    Answered on March 11, 2014
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