Self-Employment Individuals Retirement Act

Keogh Plan
A US savings scheme designed to facilitate pension plans for self-employed individuals or employees of small, unincorporated businesses, with tax benefits deferred until withdrawals are made.
Self-Employment Individuals Retirement Act (Keogh Plan)
The Self-Employment Individuals Retirement Act, commonly known as the Keogh Plan, is a retirement plan designed for self-employed individuals and small business owners, allowing them to save for retirement with tax-deferred contributions.

Accounting Terms Lexicon

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