Qualified money basically refers to money in retirement accounts, such as IRAs, 401(k)s, and 403(b)s.Qualified accounts get tax advantages that non-qualified money does not receive. Due to this there are rules and regulations surrounding this money. Mistakes with qualified money can cause the whole account to be taxable.
Non-qualified money is money that you have typically already paid the taxes on and does not have to follow the same rules and regulations and qualified money.
