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http://boards.fool.com/greetings-tisha-and-welcome-you-asked-11759773.aspx
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| Subject: Re: keogh/profit sharing plan??? | Date: 1/6/2000 7:31 AM | |
| Author: TMFPixy | Number: 17421 of 72248 | |
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Greetings, Tisha, and welcome. You asked: <<My husband set up a 401K (I thought) through his work. I was fine (very happy!) with that. It turns out that it's a keogh profit sharing plan. What in tarnation is this exactly??? What is the maximum he can contribute to it yearly?>> A Keogh is a qualified retirement plan for the self-employed. For a general description, see my Foolish Retirement Plan Primer at http://www.fool.com/Retirement/Retirement.htm. You should also read IRS Publication 560 (Retirement Plans for Small Business) available at http://www.irs.ustreas.gov/prod/forms_pubs/index.html. Both will give you a good overview that should answer your questions. Regards..Pixy |
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