Self-employed artist painting a mural depicting Eugene C. Keogh and the evolution of Keogh plans with defined-contribution and defined-benefit branches

A Comprehensive Guide to Understanding Keogh Plans: A Retirement Savings Option for Self-Employed Individuals and Unincorporated Businesses

What is a Keogh Plan? A Keogh plan, also known as a qualified retirement plan for self-employed individuals or unincorporated businesses, provides an opportunity to save for retirement with tax advantages. First introduced in 1962 through legislation, Keogh plans come in two primary categories: defined-contribution and defined-benefit plans. Let’s delve

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