What Is Qualified Retirement Plan?

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    David RacichPRO
    Fountain Hills, Arizona
    A qualified retirement plan can be a defined benefit plan or defined contribution plan. The private business sector and individuals generally choose defined contribution plans like 401(k)s, 403(b)s, Roth IRAs and traditional IRAs. Many of these plans fall under the regulatory legislation called The Employee Retirement Income Security Act of 1974 (ERISA.)
    Answered on July 10, 2013
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