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Keogh Plan

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Keogh Plan
A retirement plan for self-employed people and their employees, to yearly Tax deductible contributions up to a specified Limit can be made if the plan meets certain requirements of the Internal Revenue Code.
    
A Tax-deferred qualified retirement account for employees of unincorporated businesses or for self-employed individuals. Section 415 of the Internal Revenue Code limits annual contributions to 25% of earned income up to a Limit of $30,000. Withdrawals commence at age 59½, while contributions must cease at 70½.
Posted by  Terrapinn Financial Training Pte Ltd, Prévis AG
 
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