Qualified Retirement Plans; Steps prior to Retirement

There is a certain time limit that people are required by law to call it quits in their professional careers. Usually there is a fixed age limit, although there are certain careers that have exceptional age limits. When one reaches this age, they are supposed to retire from their positions. Sometimes employees themselves feel they can no longer be able to fulfill all the obligations to an employer in most cases due to age, health or family related problems and commitments. A Qualified Retirement Plan is one in which the retirees are allowed certain tax advantages since it meets the...