Keogh plan


 

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Keogh Plan

A retirement plan whereby a self-employed person may set aside a certain portion of income (tax deferred) into a retirement account. The money is taxable upon withdrawal at retirement when the person's tax bracket is often lower.

Keogh plan

A type of pension account in which taxes are deferred. Available to those who are self-employed.



Keogh plan

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Keogh pension plan

Keogh pension plan

In the US, a tax deferred retirement savings plan for the self employed. Contributions are based on a percentage of earned income and are tax deductible. Investment growth is tax deferred until the withdrawal of capital.




 
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