Tax-deferred retirement plan

Tax-deferred retirement plans
Employer-sponsored and other plans that allow contributions and earnings to be made and accumulate tax-free until they are paid out as benefits.

Keogh Plan - Tax-deferred retirement plan for a self-employed and unincorporated person or a person who has earned extra income aside from regular employment through personal services.
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com Keogh Plan A tax-deferred retirement plan for self-employed persons, and unincorporated businesses. Also known as self-employed pension. KES The ISO currency code for the Kuwaiti Dinar.

A Keogh Plan is an employer-funded, tax-deferred retirement plan designed for unincorporated businesses or self-employed persons, including those who earn only part of their income from self-employment.

A tax-deferred retirement plan that can help build a nest egg. Individuals whose income is less than a certain amount or who aren't active participants in an employer's retirement plan " such as a 401(k) or 403(b) " generally can deduct some or all ...

An individual's reinvestment of assets received as a lump-sum distribution from a qualified tax-deferred retirement plan such as a corporate pension plan.

Qualified retirement plan Tax-deferred retirement plan set up by an employer for employees. Can be funded by contributions from employer, employee or both.

Definition
Keogh plan
A tax-deferred retirement plan for self-employed individuals that allow for making tax-deductible payments for themselves and their employees. Most plans have a maximum contribution limit of $30,000 per individual.

Registered Retirement Savings Plan (RRSP): A tax-deferred retirement plan that allows individuals who have not reached the age of 71 to set aside sums of money, within limits.

Simplified Employee Pension (SEP): A tax-deferred retirement plan for owners of small businesses and the self-employed. Standard & Poor's Corporation: A rating agency that analyzes the credit quality of bonds and other securities.

Direct rollover
Movement of tax-deferred retirement plan money from one qualified plan or custodian to another. No immediate tax liabilities or penalties are incurred, but there is an IRS reporting requirement.

Keogh Plan: A qualified tax-deferred retirement plan for persons who are self-employed and unincorporated or who earn extra income through personal services aside from their regular employment.

A plan allowing employees to contribute pre-tax income to a tax-deferred retirement plan.

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The tax laws generally impose penalties for early withdrawals from tax-deferred retirement plans, such as 403(b) plans, IRAs, and 401(k)s. Before you take money out of your 403(b) account, be sure to consult with a tax adviser.

Rollover Moving all or a portion of tax-deferred retirement plan savings into another plan (e.g., moving 401(k) assets into an IRA).

See also: Retirement, Tax-Deferred, Investment, Stock, Earnings