For Qualified Pension Plan or Trust we have terms and definitions in 2 topics. The topics are Frauds and Scams and Investing.

Qualified Pension Plan Or Trust (Frauds and Scams)

A retirement plan (or annuity) set up by an employer for an employee into which the employee and/or the employer may make tax deductible contributions. The plan's investment earnings are tax deferred. The employees pay taxes only when they draw money from the plan. If the money is withdrawn before the legal age, penalties may also be incurred. IRA's, and most corporate pension plans are deemed to be qualified.

Qualified Pension Plan Or Trust (Investing)

A retirement plan (or annuity) set up by an employer for an employee into which the employee and/or the employer may make tax deductible contributions. The plan's investment earnings are tax deferred. The employees pay taxes only when they draw money from the plan. If the money is withdrawn before the legal age, penalties may also be incurred. IRA's, and most corporate pension plans are deemed to be qualified.

See Also: Annuity; 401(K) Plan; Individual Retirement Account; Pension Fund; Tax Deferred

Similar

Browse words that start with:

• Qu
• Qua
• Qual
• Quali

Browse All Terms by First Letter

Term Search