Definitions for "Keogh Plan"
A type of tax-deferred retirement account for self-employed persons.
This is a tax-deferred retirement account. You can set one up if you're self-employed or own a partnership business.
Under tax law, a retirement plan available to self-employed people. Also referred to as H.R. 10 plans. As with all qualified retirement plans, there are very specific contribution and filing rules that change on a regular basis. Contributions to a Keogh are tax-deductible.