Mon, 6 September 2021
In today's episode, Jason talks to Damian Lupo of eQRP.co and the benefits involving this strategy when planning for retirement.
QRP stands for Qualified Retirement Plan. A QRP, or Qualified Retirement Plan, is a retirement plan that is tax-favored under Section 401 of the Internal Revenue Code, also referred to as the Tax Code or the IRS Code. The title of the Section is: Qualified pension, profit-sharing, and stock bonus plans. Some of the most powerful tax strategies exist within this section of the tax code, which covers many types of tax-sheltered QRP plans. 401(k) plans, defined benefit plans, cash balance plans, profit-sharing plans and pension plans that meet the requirements of the tax code are all types of QRPs.
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