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The site shows example sentences for English words. How the word or phrase could be used in a sentence?
" ... 2. Tax-Deferred Assets – such as IRAs, 401k(s), 403(b) and 457 plans, nonqualified annuities, and savings bonds. ... "
" ... Example: You exercised nonqualified stock options at $10 when the market price was $25, and you sold all the shares at exercise. Your Form W-2 shows $15 per share of compensation income, which together with your purchase/exercise price of $10 gives you a cost basis of $25 per share. However, Form 1099-B reports a cost basis of only $10. If you use just that $10 without any modifications on your tax return, you will pay tax twice on the $15 (i.e. both as compensation and as capital gains income). ... "
" ... If your child gets a scholarship and doesn’t need all the money you set aside in a 529, you can withdraw an equivalent amount from the 529 without paying the usual 10% penalty for nonqualified withdrawals—but you may still have to pay federal and state income tax on the gains in the account. ... "
" ... Now, Jacob will need at least a 20% down payment to qualify for a loan to buy John out. If it's probable that Jacob won't have the money to be able to do that, then the solution is a nonqualified deferred compensation plan. Within this plan, a company owner agrees to fund an institutional (low-fee) life policy. Although the person who will later buy out the business has to pay tax on the terminal value of the policy each year, the current company owner owns the policy to keep control. In this example, the life policy is $125,000 per year with a target cash value of $2 million in 12 years, and the death benefit would be set at $3 million with Jacob as the beneficiary. ... "