What does the term qualified indicate when describing a pension plan? Why is it important that a pension plan be qualified?
Answer to relevant QuestionsCompare future consumption to current consumption. Is one necessarily better than the other? Discuss. Some people believe that the stock market is a safe place to put their money. Do you agree, particularly if the money might be needed on short notice? What is the difference between a defined benefit plan and a defined contribution plan? What are the advantages and disadvantages of each? How are Social Security benefits reduced for part-time employment? How does a pension plan differ from a profit-sharing plan?
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