Keogh Plan

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Keogh plans are a type of retirement plan for self-employed people and small businesses in the United States. History Named for U.S. Representative Eugene James Keogh of New York, they are sometimes called HR10 plans. IRS Publication 560 refers to them as “Qualified Plans.” They are different from Individual Retirement Accounts (IRAs). Format There are two basic types of Keogh Plan: defined-benefit, and defined-contribution. In a defined-contribution plan, a fixed contribution… Read More