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6 Definitions

Keogh Plan

For Keogh Plan we have terms and definitions in 6 topics. The topics are Accounting, Accounting Terms, Employee Benefits, Finance, Financial and Homeowners Insurance.



Keogh Plan (Accounting)

Also known as an HR 10, this is a qualified retirement plan for self employed who do not incorporate their business. If qualifications are met the taxpayer may receive a deduction for contributions made.


Keogh Plan (Accounting Terms)

Also known as an HR 10, this is a qualified retirement plan for self employed who do not incorporate their business. If qualifications are met the taxpayer may receive a deduction for contributions made.


Keogh Plan (Employee Benefits)

A qualified retirement plan or profit sharing plan for unincorporated businesses are generally referred to as Keogh or HR-10 plans. Formerly, there were significant differences between Keoghs and plans of corporate sponsors. However, such changes have largely disappeared due to changes in the Code, reaching virtual parity in the availability of plan provisions with the exception of plan loans.


Keogh Plan (Finance)

A type of pension account in which taxes are deferred. Available to those who are self-employed.


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Keogh Plan (Financial)

Is a retirement plan that can be established by a self-employed person. Currently, the maximum allowable annual contribution is $30,000. This contribution has benefits comparable to other qualified plans, such as IRAs. Among these are the reduction of income during the earned calendar year and tax-free growth or compounding until the time of withdrawal. It should be noted that other provisions apply. Is a retirement plan that can be established by a self-employed person. Currently, the maximum allowable annual contribution is $30,000. This contribution has benefits comparable to other qualified plans, such as IRAs. Among these are the reduction of income during the earned calendar year and tax-free growth or compounding until the time of withdrawal. It should be noted that other provisions apply.


Keogh Plan (Homeowners Insurance)

This is a tax-deferred retirement plan for small businesses and self-employed people. An individual may deposit up to $30,000 per year and defer taxes until they retire. Contributions to Keogh plans are tax deductible.




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