Unformatted text preview: identification of qualified versus nonqualified plans, the chapter focuses on qualified plans by discussing their tax advantages. Following this, broad categories of defined contribution and defined benefit plans are introduced. There is a brief discussion of using qualified plans rather than cash compensation. This section is followed by a moderately in-depth discussion of factors affecting plan selection. CFP® CERTIFICATION EXAMINATION TOPIC: Topic 61: Types of retirement plans A. Characteristics B. Types of qualified plans Topic 65: Plan selection for businesses (key factors affecting selection) A. Owner’s personal objectives B. Business objectives KEY WORDS: qualified plan, nonqualified plan, defined contribution plan, defined benefit plan, age weighted plan...
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- Spring '10
- Accounting, RIGHT RETIREMENT PLAN