We have changed our privacy policy. In addition, we use cookies on our website for various purposes. By continuing on our website, you consent to our use of cookies. You can learn about our practices by reading our privacy policy.
© 2016 Shmoop University, Inc. All rights reserved.
GO TO SAT PREP GO TO ACT PREP

Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Non-Qualified Plan

Definition:

See qualified plan.

A non-qualified plan is a retirement plan in which your taxes are not deferred (i.e., you don't get tax breaks while contributing to the fund). Instead, when you're old and grey and taking money out of the account, that's when you get the breaks.

Which is good, since that's when you'll probably be complaining about the cost of everything anyway... arewerite?