Tax advantages for retirement plan participant
| What tax advantage does a retirement plan participant have? |
|
A retirement plan participant is not taxed on a plan benefit under most state income tax laws and is not taxed on any plan benefit until the plan benefit is paid to the participant. And, a participant may "rollover" a plan benefit to an individual retirement account, select investments and within certain limits, defer the distribution over an extended period - further allowing the amounts deferred to increase on a tax deferred basis. |
