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Retirement
Have you thought of 401(h) trust?
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[QUOTE="Jasz, post: 254716, member: 61772"] 401(h) trusts are a popular way for employers to offer their employees a retirement plan. They are designed to allow individuals to save for retirement outside of their employer's plan, but they can also be used by other types of employers that want to do the same thing. 401(h) trusts are typically set up as legal entities, or corporations, and they are run by trustees who are usually hired by the employer or its insurance company. The trustee is responsible for managing the 401(h) trust account and making sure that it is well-funded before each contribution period begins. Once this happens, an employee can elect to make regular withdrawals from his or her 401(h) account in order to fund his or her own personal retirement savings plan. It is important to note that these withdrawals will not be taxed at all under current tax law. It is also possible for an individual who is covered by a 401(h) plan with a pre-tax savings feature (such as SEP or SIMPLE IRA plans) to make additional contributions beyond what their employer contributes on their behalf. [/QUOTE]
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Have you thought of 401(h) trust?
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