This presentation conveys how deferred qualified plans work and things to consider. |
When thinking about using a deferred qualified plan for your future lifestyle, it’s important to consider potential issues and your options. As most plans offer limited or no access, the money saved will likely not be available for use or collateralization before retirement. If you can withdraw any money from your plan before 59½, there could be tax penalties. If you have the option to participate in an employer sponsored plan that offers a company match, it may be a tremendous benefit to you in the long run. If your employer plan does offer a match, any contributions above the match only offer postponement of the taxation. |
No math presented on this screen. |