IF YOU ARE SELF-EMPLOYED, YOU MAY BE
ELIGIBLE FOR A KEOGH
A Keogh plan allows you to do many things. It allows
you to save larger sums of money than you can under SEP-IRA and
SIMPLE retirement plans while giving you some nice tax deductions.
It also gives you control over your investment assets.
However, if your self-employed business uses other
employees, you will have to include them in your Keogh plan, which
could prove costly. To make the best decision as to how to invest
for retirement, be sure to check out the other tutorials on IRAs,
401(k) plans, and pensions.
For more information about tax-deferred
investing, be sure to see our other tutorials in this series. Click here to learn even more about this topic with the Encyclopedia of Personal Finance™