This presentation conveys how deferred qualified plans work and things to consider. |
Let’s talk about a few of the basics when it comes to saving money inside a deferred qualified plan. First, let’s explore how the plan works from your point of view. It is an account to save for your future with pre-tax dollars. Your account statement shows the details and the balance which represents your retirement nest egg. However, let’s consider the government’s point of view on the same plan. They see it as a place to collect taxes in the future. And, they see the account balance as theirs to tax first, and what’s left over being your retirement nest egg. |
No math presented on this screen. |