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There are many different types of retirement plans for self-employed individuals. A Keogh plan is one of them. A Keogh (pronounced KEE-oh) plan was once a very popular retirement savings tool for ...
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For self-employed workers, setting up a retirement plan is a do-it-yourself job. There are four plans you can choose from: a one-participant 401(k), a SEP IRA, a SIMPLE IRA, and a Keogh plan.
Self-employed individuals may also establish qualified plans. These retirement plans are usually referred to as Keogh plans or H.R. 10 plans. Because establishing a qualified plan can be ...
They provide many of the same tax benefits of the other options, but before 2001, Keogh plans allowed for larger annual investments than other retirement plans. Contributions limits for Keogh ...
plans?" Roy M. writes, "Years ago, I started what was then called a Keogh retirement plan for the self-employed. I have put about 25 percent of my income into it each year. These days my S&L calls ...
6 All of the requirements for qualified retirement plans covering common law employees apply equally to plans that cover self-employed individuals. A plan covering only a sole proprietor ...
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Bankrate on MSNWhat is a Keogh plan?As a self-employed worker, you may find yourself unable to participate in many traditional employer-sponsored retirement ...
Keogh plans are the self-employed equivalent of corporate retirement programs. They come in two basic flavors: profit-sharing plans and defined benefit pension plans. To get a deduction for the ...
What Is A Keogh Plan? Sponsored by Rep. Eugene Keogh and put into effect by the Self-Employed Individuals Tax Retirement Act of 1962, Keoghs (also referred to as HR-10 plans) were set up as ...
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