Qualified Retirement Plans (QRP)

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Qualified Retirement Plans (QRP)

What is a Qualified Retirement Plan (QRP):

A QRP is simply the umbrella name for any retirement plan. There is nothing special about the term QRP. Most people use the more specific name to describe their tax qualified plan such as:

  • IRA
  • 401(k) Plan
  • 457 Deferred Compensation

Etc

There are a few companies that use the words Qualified Retirement Plan however, they are generally offering nothing more than a common 401(k) (sometimes with inflated costs and fees).

 

For more information on Self Directed IRAs call toll free 888-795-7950

The I R A Club, Financial Planning Consultants, Chicago, IL

IRA Club, 79 West Monroe Suite 1208, Chicago, IL 60603-4936