This is in response to an email question: My husband has a “qualified pension plan” what is this? Does it operate like a 401k? What is a qualified pension program? So the type of plan that is in question, a qualified pension program, is a blast from the past. This type of plan began to…

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Defined Benefit Retirement Plans A list of defined benefit retirement plans should begin with the definition of the defined benefit retirement plans available. A defined benefit retirement plan is a form of employer sponsored retirement plan. Inside defined benefit retirement plans, benefits are based on an equation that points to the exact quantity an employee…

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