Is A Non Qualified Plan Better Than A Qualified Retirement Plan? 
Video Transcript : Hello everyone , I 'm Steve Savant , syndicated financial columnist and host of the weekly online talk show Steve Savant 's Money : The Name of The Game . I 'm answering questions from insurancelibrary.com and today 's question is : is a non qualified plan better than a qualified plan ? Well , there 's two issues why you should be using a qualified plan , like an example , 401K . You 're in a high tax bracket or your employer actually is matching your contribution in some way which I think is a great way to go . If I have a high tax bracket and my employer is doing a match and I have both of those , I think that 's a really good play . Qualified plans are the way to go . I get the deduction and my employer is actually contributing . But if I do n't have either one of those two , then really the deduction does me no good . I like the life insurance idea because I do n't have the same ERISA issues like 59 and a half and I have penalty if I took out my money . So I like the life insurance side of that issue from a non qualified point of view because it accumulates tax deferred and if it 's set up correctly , it could come out tax free . Well , that 's our consumer question for today . If you have any question , just submit them to www.insurancelibrary.com . 