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Keogh Plan

What is Keogh Plan?

(US Only) A  Keogh plan is a type of pension account for self-employed people, or employees of unincorporated businesses. Similar to the individual retirement account (IRA) plans for other employees, a Keogh plan account allows individuals to set aside a portion of income (with percentage and dollar maximum limits) to be withdrawn between ages 59-1/2 and 70-1/2. Taxes on the moneys so-invested and their earnings are deferred until withdrawal.