what is a "keogh plan"?
glossary FAQ: glossary.
Duncan I. From Cork, Ireland
30 November, 2008
"keogh plan " is A tax deferred pension plan available to self-employed individuals or unincorporated businesses for retirement purposes. A Keogh plan can be set up as either a defined-benefit or defined-contribution plan, although most plans are defined contribution. Contributions are generally tax deductible up to 25% of annual income with a limit of $47,000 (as of 2007). Keogh plan types include money-purchase plans (used by high-income earners), defined-benefit plans (which have high annual minimums) and profit-sharing plans (which offer annual flexibility based on profits).
Also known as an HR(10) plan, Keogh plans can invest in the same set of securities as 401(k)s and IRAs, including stocks, bonds, certificates of deposit and annuities.
Keogh plans were established through legislation by Congress in 1962 and were spearheaded by Eugene Keogh. As with other qualified retirement accounts, funds can be accessed as early as 59.5 and withdrawals must begin by age 70.5.
Keoghs are known to have more administrative burdens and higher upkeep costs than Simplified Employee Pension (SEP) plans, but the contribution limits are higher, making Keoghs a popular option for many business owners and proprietors. Visit Global Forex Trading (GFT)
More questions
-
Would you help a guy who needs an online fx platform that's known for its good-hearted chat help service?
service general FAQ, By: Z. Contreras from Ireland, 29 September, 2008. -
do you know what the "office of thrift supervision" is?
glossary glossary FAQ, By: E. Short from Saint Louis, United States, 07 April, 2009. -
please define "normalized earnings"
glossary glossary FAQ, By: P. V. From Sheffield, United Kingdom, 13 December, 2009. -
Is there any foreign exchange platform that's popular for its protected certificate source that you can advice me of?
regulator technical FAQ, By: Natalee W. From Richmond, Canada, 16 August, 2009. -
what is a "fee-based adviser"?
glossary glossary FAQ, By: Bailey W. From Cape Coral, United States, 10 March, 2010. -
Which licenses and regulators are the most safe?
general-query-certificates technical FAQ, By: V. O. From Saint John??s, Canada, 04 July, 2010. -
please define a "corporate tax"
glossary glossary FAQ, By: Jaelynn J. From Graz, Austria, 26 January, 2010. -
Can you help me if I need a forex site with enhanced options for trading GBP/ISK
specific-currency money FAQ, By: Katrina J. From Canada, 24 May, 2009. -
any online forex platform that has small commission charges that you can suggest for me
commission money FAQ, By: S. N. From United States, 05 November, 2009. -
How do I know which certifications and regulation are safe?
general-query-certificates technical FAQ, By: I. V. From United States, 09 October, 2009.
- Background:
- AVA FX is a retail online investment foreign currency exchange company, established on 2006. After an unpretentious start a few years back, AVA FX's slowly maturing into one of the most palmy systems in the world.
- Features:
- This one is an excellent choice for first time users because it provides an original production explanatory platform and a selection of educational courses. AVA FX makes an honest effort to keep you in touch with a gadget compatible connection and a customer support service. I don't believe in signs or anything like that, but you gotta hear what I profited with a 300 deposit while trading this platform: twenty-seven hundred! Whether you're a Fran??ais, Deutsch, Italiano or English speaker (or any other of a long list of other languages), AVA FX permits comfortable and convenient money making with a multilingual interface. Know, too, that though you may have assumed that less is more, this one's downloading software is smartly designed and is quick. Most important, is the extraordinarily reliable server communication. Don't fall behind!
- Ups:
- - Beginner Friendly - Beginner Friendly - Comfortable Graphics - Cell Phone Friendly Trading
- Downs:
- - High Minimum Deposit - Confusing Options
- Skip to Here:
- AVA FX is the place to make some substantial income. You can't afford to let pass this opportunity.
Categories
- FX FAQ
- All about etc.
- DOWNLOADS
- Questions about and more.
- PLATFORM QUALITY
- Questions about and more.
- MIN-DEPOSIT
- Questions about and more.