Who Can Establish A Keogh Retirement Plan?

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   David RacichPRO

   Fountain Hills, Arizona

   Keogh plans are retirement plans for self-employed individuals, sole proprietors, partners in a partnership and employees are either. Keogh plans can be defined contribution or defined benefits plans. If the Keogh plan covers one participant the contribution limit is 25% of compensation capped at $51,000.
    

   Answered on June 25, 2013

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