The tax-sheltered program to encourage self-employed people to accumulate retirement funds is called a(n)
A) 401(k) plan.
B) IRA plan.
C) COLA plan.
D) Keogh plan.

Question

Quizplus · Accepted Answer

The Keogh plan is specifically designed for self-employed individuals and allows them to contribute pre-tax income towards their retirement savings. It offers higher contribution limits than traditional IRA plans and is considered a tax-sheltered program.

The Tax-Sheltered Program to Encourage Self-Employed People to Accumulate Retirement