Keogh Plan

• Keogh plans

• Keogh Plan

A Keogh Plan is an employer-funded, tax-deferred retirement plan designed for unincorporated businesses or self-employed persons, including th...

• Encyclopedia of Small Business
• J-Z

• Keogh Plan

A retirement account that allows workers who are self-employed to set aside a percentage of their net earnings for retirement inc...

• West's Encyclopedia of American Law
• Jap–Ma

• Money Monday: Note to Self: Save More Money with a Keogh Plan

Self-employed workers are essentially on their own when it comes to saving for retirement, but a Keogh plan is the best way for them to save for the future, according to the Connecticut Society of Certified Public Accountants. "Even if you're employed by someone else and have self-employment income on the side, you can open a Keogh account," said Thomas Thompson, a self employed certified public accountant and certified financial planner in East Haven. There are several points individuals should know about Keogh plans, according to the CPA society. They are:

• New Haven Register
• June 28, 2007

• Fed. Sec. L. Rep. P 90,298 Metro Services Inc., Anthony P. Uzzo, for the Anthony P. Uzzo Defined Benefit Keogh Plan, and as Trustee of the A. Uzzo & Co. Pension Trust of Purchase, New York, Anthony Siniscalchi, Blaise Fredella, on Behalf of Themselves and all Others Similarly Situated, Gary Weber, Daniel Hurley, Michael Sabbia, Aka the Vogel Plaintiffs, Pbhg Funds, Inc, Robert Milligan, Plaintiffs. Public Employees' Retirement Association of Colorado, Plaintiff-Appellant, v. Stephen F. Wiggins, William M. Sullivan, Jeffrey H. Boyd, Andrew B. Cassidy, Defendants, Oxford Health Plans, Inc., Defendant-Appellee., 158 F.3d 162 (2nd Cir. 1998)

Jay W. Eisenhofer, Grant & Eisenhofer, P.A., Wilmington, DE (Stuart M. Grant), for Plaintiff-Appellant-Movant Public Employees' Retirement Association...

• Federal Circuits

• Avoiding excise tax on Keogh Plan reversions.

Assets remaining in a Keogh Plan after the distribution of accrued benefits are subject to an excise tax of 50% according to IRC 4980. Retirement or death of self-employed persons with Keogh plans before the term of the plan is complete make any excess assets taxable. One planning options is to end the plan before any excess assets occur, thus gaining the ability to roll distributions over into an IRA.

• The Tax Adviser
• Vol. 23 Nbr. 11, November 1992

• Gladwell v. Reinhart, (10th Cir. 2012)

... Dr. Douglas Reinhart started a Keogh retirement plan in 1992. His plan was created usin...

• Federal Circuits

• Retirement

For employers who offer plans, the most common type of plan offered today is the defined contribution plan. As defined benefit pension plans vanish, millions of employees must turn to making investment and savings choices to fund their . But others save too little, invest too conservatively or don't participate at all. A recent confidence survey by the Employee Benefit Research Institute found that Americans as a whole aren't putting money into savings or investments, yet the survey also found that half of those employees expect to rely on their savings from 401(k) accounts or other investments. Here are plans to consider: 1. 401(k) plans, 2. 403(b) plans, 3. 457(b) plans, 4. Roth 401(k)/Roth 403(b) plans, 5. Keogh plans, 6. simplified employee...

• Best's Review
• Vol. 108 Nbr. 9, January 2008

• 21 Employee Benefits Cas. 1001, Pens. Plan Guide (Cch) P 23933Y, 10 Fla. L. Weekly Fed. C 884 Madeline Lasche, Plaintiff-Appellee, v. George W. Lasche Basic Profit Sharing Plan, A.K.A. George W. Lasche Keogh Trust, Defendant-Appellant, Theresa Wenisch, Defendant-Third Party Plaintiff-Appellant, Patricia Clements, Individually, and as Co-Personal Representatives of the Estate of George W. Lasche and as Successor Plan Administrators of the George W. Lasche Basic Profit Sharing Plan, Defendant-Appellant, Patricia Lasche Clements, as Trustee of the George W. Lasche Trust, Defendant-Third Party Plaintiff-Appellant, Theresa Lasche Wenisch, as Trustee of the George W. Lasche Trust, Defendant-Appellant, Kathryn Lasche Berggren, Third Party Plaintiff, Merrill Lynch, Pierce, Fenner & Smith, Inc., Third Party Defendant-Appellee., 111 F.3d 863 (11th Cir. 1997)

Michael Rothman, Rothman & Tobin, P.A., Miami, FL, for Appellant. Marshall J. Osoksky, Lewis, Vegosen, Rosenbach, & Silber, P.A., West Palm Beach, FL...

• Federal Circuits

• Raymond B. Yates, M. D., P. C. Profit Sharing Plan v. Hendon, 541 U.S. 1 (2004)

...R. 10" or "Keogh" plans. Self-Employed Individuals Tax Retirement A...

• U.S. Supreme Court

• Colorado Springs Financial Briefs: March 17, 2006

The Federal Deposit Insurance Corp. Board of Directors has approved increasing the deposit insurance coverage on certain retirement accounts at a bank or savings institution from $100,000 to $250,000. The increase, the result of a new law boosting federal deposit insurance coverage for the first time in more than 25 years, will become effective on April 1. The basic insurance coverage for other deposit accounts will remain at $100,000. The increase in deposit insurance coverage on certain retirement accounts is a significant change, said Martin J. Gruenberg, acting chairman of the FDIC. The FDIC is committed to helping depositors understand clearly the change that has been made and how it will affect the deposit insurance coverage for which they are eligible. Under the FDIC's new rules,...

• Colorado Springs Business Journal
• March 17, 2006