Keogh plans allow self-employed individuals to save for retirement on a tax-deferred basis.

Name: Keogh plans allow self-employed individuals to save for retirement on a tax-deferred basis.
Brand: Quizplus
Rating: 5.0 (41 reviews)

Question

Quizplus · Accepted Answer

Keogh plans, also known as HR10 plans, are specifically designed for self-employed individuals and allow them to contribute to a retirement savings plan on a tax-deferred basis. This makes them a useful tool for retirement planning for self-employed individuals.

Keogh Plans Allow Self-Employed Individuals to Save for Retirement on a Tax-Deferred