Keogh plan


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Ke·ogh plan

 (kē′ō)
n.
A retirement plan for the self-employed and their employees.

[After Eugene James Keogh (1907-1989), US representative from New York.]
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Ke′ogh plan`

(ˈki oʊ)
n.
a pension plan for a self-employed person or an unincorporated business.
[1970–75, Amer.; after Eugene J. Keogh (1907–89), N.Y. congressman]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.Keogh plan - a tax-deferred pension plan for employees of unincorporated businesses or for self-employed persons
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References in periodicals archive ?
However, in PTE 97-11, the DOL granted relief for householding accounts to provide brokerage services at a reduced fee to an individual for whose benefit an IRA or Keogh plan is established or to beneficiaries who are members of his family-e.g., spouse, lineal descendant, ancestor, brother, sister, etc.
Additionally, towards the end of the chapter on retirement planning, he discusses the benefits to a solo 401(k) and a Keogh plan. (A Keogh plan is tax-deferred pension plan for a self-employed person who owns his or her own unincorporated business.)
In addition, she has a photography business that she adopted a Keogh plan for and she has a traditional IRA and a rollover IRA from a previous employer.
For instance, Insight Center for Community Economic Development reported that 42% of whites invested in an IRA or Keogh plan for retirement versus a mere 7% of African Americans.
Is a death benefit payable under a Keogh plan includable in a self-employed individual's gross estate?
If certain conditions are met, a self-employed individual for whose benefit a Keogh plan (see Q 19) is established or maintained (or members of his family) may receive services at reduced or no cost from a bank that bases the eligibility to receive such services upon the account balance of the plan.
Establish a Keogh plan for 2009 (contribution is due by the date tax return is filed or no later than October 15, 2010, if extension is requested)
A Keogh plan, sometimes referred to as an HR 10 plan, is a qualified retirement plan that covers one or more self-employed individuals.
WHAT IT INCLUDES: A defined benefit Keogh plan is similar to a traditional pension plan.
You can wait until the due date of your 2002 return to make IRA contributions for this year, and, if you establish a Keogh plan by year end, you can delay those contributions even longer if you file an extension.
Contributions to Keogh Plans. In order to ensure the tax deductibility of your contributions to a Keogh plan, make sure you make them in time.