What Does Covered By An Employer Retirement Plan Mean?

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   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   An employer sponsored qualified retirement plan is generally under a government regulatory body like ERISA, the Employee Retirement Income security Act of 1974. These plans can be defined benefit or more likely today, defined contribution plans. The pretax contributions accumulate tax deferred until distributions, when they are taxed as ordinary income.

   Answered on August 4, 2013

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