The Keogh Plan is another retirement savings option, which can supplement Individual Retirement Accounts (IRAs) for employed persons.

Question

Question 42 options:

True

False

Answer 1

True.

A Keogh Plan, also known as a HR10 plan, is a type of retirement savings plan specifically designed for self-employed individuals and unincorporated businesses. It can indeed supplement Individual Retirement Accounts (IRAs), providing an additional option for retirement savings.