An individual work full-time for salary but part-time as an accountant in the evenings and on weekends.Which of the following plans is suitable if this employee wants to establish a plan based on self-employment earned income?
A)Target plan
B)Unit benefit plan
C)Cash balance plan
D)Money purchase plan
E)Keogh plans

Question

Quizplus · Accepted Answer

Keogh plans are retirement plans for self-employed individuals and unincorporated businesses, making them suitable for someone with self-employment income, such as part-time accounting work.

An Individual Work Full-Time for Salary but Part-Time as an Accountant