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What is a Keogh plan?
As a self-employed worker, you may find yourself unable to participate in many traditional employer-sponsored retirement plans. That’s where a Keogh plan comes in. A Keogh plan, pronounced KEY ...
The Keogh plan is generally attractive to businesses with several highly paid owners and executives. Law firms and medical practices, for example, tend to gravitate toward it. Although anyone can ...
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 ...
Finally, SEPs are much simpler to establish and administer than Keogh profit-sharing and pension plans. It literally takes only minutes to get one started--usually with no charge--with a bank ...