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Subject:  Re: Roth, SEP, or Keogh Date:  7/23/1999  7:50 AM
Author:  TMFPixy Number:  12492 of 90543

Greetings, GoldenBuckeye, and welcome. You wrote:

<<I need some opinions here. I am self employed and was wondering which retirement plan I should use, Roth IRA, SEP IRA, or a Keogh Plan.>>

Each has its advantages and disadvantages, so it's literally impossible to offer an opinion on which type of arrangement may be appropriate for your situation. Also, while the use of a SEP-IRA precludes the use of a Keogh and vice versa, both may be used in conjunction with the Roth IRA. Accordingly, which of the three you use will depend on your self-employed income, desires for tax deferral, willingness to pay administrative/implementation costs, and a whole host of other issues.

To see what's involved, you may want to get an overview of the SEP and Keogh by reading my Foolish Retirement Plan Primer at You should also download and read IRS Publication 560, Retirement Plans for Small Business, available at Both will give you a better understanding of the issues involved in making this choice.

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