But the council's assumptions are limited, focusing on only IRA assets and not Keogh plans
or 401(k) plans, and on load funds and variable annuities, excluding fixed annuities and other mutual funds, so the losses could be greater than it projects, according to EPI.
* Keogh plans
are tax-deferred pension plans available primarily for self-employed individuals (although unincorporated businesses are eligible), with the same investment options as with a 401(k) and IRA.
Most of the plans available to small businesses--simplified employee pensions (SEPs), salary reduction simplified employee pensions, SIMPLE IRA plans, SIMPLE 401(k) plans, regular 401(k)s, profit-sharing plans, money purchase pension plan, Keogh plans
, defined benefit plans, defined contribution plans, and employee stock ownership plans--are subject to the minimum coverage requirements, minimum vesting standards, the actual deferral percentage test, the non-discrimination requirements, and the top heavy plan requirements.
When evaluating the cost of the tax deferrals associated with defined-contribution plans such as 401(k) and Keogh plans
, the Congressional Joint Committee on Taxation (JCT) and the Treasury Department's Office of Tax Analysis
Royals manager Chris Keogh plans
to speak to Miller later this week.
What is the class exemption that permits banks to offer IRA, SEP, and Keogh plans
services at reduced fees or no cost?
What special qualification rules apply to Keogh plans
By comparison, simplified employee pensions (SEPs) or profit-sharing Keogh plans
would allow 2009 contributions for the self-employed to the extent of the lesser of 20% of earnings or $49,000.
One of the biggest changes concerns non-retirees' views of their 401(k) and other tax-exempt plans such as IRAs and Keogh plans
. In Gallup's first reading of this measure in 2001, almost 6 out of 10 non-retirees said these would be a major source of income when they retired.
From the viewpoint of an employee of an unincorporated business, Keogh plans
are advantageous because employees of the business must participate in the plan (within the limits of the coverage requirements for qualified plans described in Chapter 7).
Some of your options might include: Keogh plans
, 401(k) plans, SEP IRA's, SIMPLE IRA's and profit-sharing plans, many of which can be offered at little or no cost to the employer, and require little effort to set up and run.
allow for tax-free rollovers into IRAs or other qualified retirement plans, but do not have a loan option.