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What are 7702 retirement plans: Growing Wealth Safely and Securely Without Taxes
All employees and entrepreneurs are eligible for the 7702 plan. Basically, this plan may be used as a retirement savings plan, but not so often. This plan derives its name from Section 7702 of the Internal Revenue Code and does not constitute any type of tax-deferred savings plan such as 401(k) or 403(b) plans. Understanding the Section 7702 The section defines the criteria that the cash value of the life insurance policies have to meet […]