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URL:  http://boards.fool.com/greetings-tisha-and-welcome-you-asked-11759773.aspx

Subject:  Re: keogh/profit sharing plan??? Date:  1/6/2000  7:31 AM
Author:  TMFPixy Number:  17421 of 76421

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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