What Is Non Qualified Retirement Plan?

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   David RacichPRO

   Fountain Hills, Arizona

   Non-Qualified Retirement Plans are generally funded with annuities and/or life insurance. The contributions are not tax deductible, but both products accumulate tax deferred. If designed as a TAMRA compliant non modified endowment contract, life insurance can potentially generate tax free income as long as the policy is kept in force for the life of the insured.
    

   Answered on July 17, 2013

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