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Qualified plan

• A pension plan or employee-benefit plan which meets a series of IRS requirements and is therefore eligible for income tax deferral.

• Is a retirement account or plan that meets tax law requirements which permit the deferment of tax and the tax-free accumulation or appreciation of assets held within the plan.

 
 Embedded terms in definition
 Accumulation
Appreciation
Assets
Held
Income
Pension plan
Series
Tax deferral
 
 Related Terms
 

<< Qualified joint and survivor annuity Qualified public depositories >>

Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

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