Taxpayers should check with their employers to determine whether their retirement plan permits or is considering permitting this option.
What does RP stand for?
RP stands for Retirement Plan
This definition appears very frequently
See other definitions of RP
We have 105 other meanings of RP in our Acronym Attic
- Respond Properly
- Response Point
- Responsible Party
- Responsible Person
- Resting Potential
- Restoration Preemption
- Restoration Priority
- Retained Personnel
- Retained Profit
- Retinitis Pigmentosa
Samples in periodicals archive:
An exodus of rank-and-file employees from the qualified retirement plan to the HSA can limit the amount of tax-advantaged retirement funds that highly compensated employees can set aside.
RETIREMENT PLAN ASSETS ARE MARITAL ASSETS subject to division in divorce or attachment for child support by a qualified domestic relations order.
The Wall Street Journal article, "Value of Unused Vacation Days Can Now Be Added to 401 (k)s" (12/10/96), based on Letter Ruling (TAM) 9635002, has generated a great deal of interest on the concept of converting vacation days into qualified retirement plan contributions.
Generation-skipping transfer (GST) tax: A flat 55% GST tax applies if a distribution from the retirement plan is part of a direct skip, taxable distribution or taxable termination.
A real dilemma exists when a surviving spouse is faced with the decision of handling the retirement plan assets of the deceased spouse, especially if a substantial amount is involved.