Qualified Pre Retirement Survivor Annuity
A qualified pre‑retirement survivor annuity (QPSA) is a death benefit required under federal law for many employer‑sponsored “qualified” retirement plans. If a plan participant…
Qualified Personal Residence Trust Qprt
A Qualified Personal Residence Trust (QPRT) is an irrevocable trust designed to remove a personal residence (a house or one principal residence and, in…
Qualified Mortgage
A qualified mortgage (QM) is a loan that meets federal standards designed to ensure borrowers can repay the loan and to give lenders legal…
Qualified Longevity Annuity Contract Qlac
A Qualified Longevity Annuity Contract (QLAC) is a type of deferred annuity you buy with money from a qualified retirement account (for example, a…
Qualified Foreign Institutional Investor Qfii
Summary – The Qualified Foreign Institutional Investor (QFII) program is a Chinese government licensing scheme (launched 2002) that permitted specified foreign institutional investors to…
Qualified Electric Vehicle
Key takeaways – A “qualified electric vehicle” (QEV) is a plug‑in passenger car or light truck that meets federal requirements so the buyer can…
Qualified Charitable Organization
A “qualified charitable organization” in the United States is a nonprofit that has met the conditions in Internal Revenue Code (IRC) section 501(c)(3) and…
Qualified Automatic Contribution Arrangement Qaca
A QACA is a specific type of automatic‑enrollment design for employer‑sponsored defined contribution plans (401(k), 403(b), 457(b)) created by the Pension Protection Act of…
Qualified Appraisal
A qualified appraisal is a written valuation of donated property that meets Internal Revenue Service (IRS) standards and is performed by a qualified appraiser.…
Qualified Annuity
• A qualified annuity is an annuity contract held inside a tax-advantaged retirement plan or funded with pre‑tax dollars; taxes on contributions and earnings…