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Retirement Planning

Qualified Retirement Plan

It is designed to provide retirement benefits to employees.

A retirement plan, whether Defined Benefit or Defined Contribution, is a crucial component of financial planning for employees. These plans receive special tax treatment, as they comply with the regulations set forth by the Internal Revenue Code. Their purpose is to provide employees with retirement benefits, ensuring financial security during their golden years. Understanding the intricacies and benefits of these plans is essential for making informed financial decisions.

Rollover IRA

An Individual Retirement Account, or IRA, is designed to hold assets from a qualified plan for those who are eligible. This plan allows for tax-deferred growth of investment...

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Profit-Sharing Plan Definition

A profit-sharing retirement plan allows employers to decide on annual contributions to their employees' tax-deferred accounts. These contributions are distributed based on a...

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Defined Benefit Plan

A retirement plan, referred to as a 'qualified plan', is structured to provide a benefit to employees upon retirement. The benefits are usually calculated as a percentage of...

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Simplified Employee Pension Plan (SEP)

Welcome to our lesson on Simplified Employee Pension (SEP) plans. These retirement plans are specifically designed for small business owners and self-employed individuals. T...

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