Because of the tax advantages, most retirement plans are designed to insure a present deduction to the employer while the employee is permitted to avoid recognizing the income until he has actually or constructively received it.
See also individual retirement account (ira); keogh plan ; section 401(k) plan ; qualified plan ; sep - ira .
| Retirement Income, Retirement Fund, Retirement Age | |
| Retroactive, Retroactive Adjustment, Return |
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
