Keogh Plans

For the self employed, Keogh plans are the equivalent of big time corporate retirement plans, like the pension plans our parents counted on. The self employed have more options, including solo 401(k)s, simplified employee pension plans and Keogh plans. Keogh plans are named after the congressman who sponsored the legislation that led to their adoption in 1962. Keogh plans allow unincorporated employers and the self employed to establish qualified retirement plans. Keogh plans were created to provide a tax sheltered retirement option for self employed taxpayers.