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I have considered a Keogh plan, however, when I've inquired into them further, I get alot of confusing answers from individuals who don't quite seem to understand them.

That's because most individuals don't deal with them and know nothing about them. They are fully qualified retirement plans for the self-employed and can be a bit confusing as a result. Your best bet is probably to do a bit of research and then discuss it with an accountant familiar with the plans.

Do you have any advice on what I can read or a website where I could encounter a thorough explanation of a Keogh? Especially in regards to my situation.

I put "Keogh retirement plan" into Google and got several relevant hits on the first page of results, including the IRS publication and a primer here at the Fool. You might start there.

Is the 5500EZ form something you file with your taxes?

No. It is a separate report form. It used to go to the IRS, but IIRC it is now filed with the Department of Labor. The form and filing information are still available at the IRS web site.

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