Keogh plan
- A retirement strategy for self-employed individuals that enables a portion of their income to be set aside, tax-deferred, in an investment account until it's needed
- After turning a profit with his home business, John decided to set up a Keogh plan for his retirement.
- Financial advisors often recommend a Keogh plan for self-employed individuals to boost their retirement savings.
- Sally, a freelance writer, has accumulated substantial savings through her Keogh plan.
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