Keogh


Keogh
Keogh Keogh [ˈkiːəʊ ǁ -oʊ] also ˈKeogh plan noun [countable] FINANCE
a savings plan in the US, used mainly by people who work for themselves rather than for an employer. Keoghs provide the person with a pension (= income after they have stopped working):

• You can put money in a Keogh even if you are already covered by a corporate pension or profit-sharing plan.

• These days, Keogh plans are of increased interest for executives who have lost their jobs.

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Keogh UK US /ˈkiːəʊ/ noun [C] (also Keogh plan) FINANCE, TAX
in the US, a type of saving or pension plan for self-employed people and small businesses that allows them to save an amount of their income before tax: »

Workers with self-employed income can contribute up to $40,000 to a Keogh plan.


Financial and business terms. 2012.

Look at other dictionaries:

  • keogh — keogh; Keogh; …   English syllables

  • Keogh — Recorded in the spellings of Mac Keogh, Keogh, Kehoe, O Hoey, Hoy, Haughey, Haugh, Hough, Keyho, Keyhoe and Kew , this Irish surname group originates from one 13th century Gaelic surname Mac Eochaidh, meaning The son of John . Of these various… …   Surnames reference

  • Keogh — noun see keogh plan …   Useful english dictionary

  • Keogh plan — Ke·ogh plan / kē ō / n [after Eugene J. Keogh (1907–89), U.S. Congressman whose 1965 bill established the plan]: an individual retirement account for the self employed Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. Keogh plan …   Law dictionary

  • Keogh plan — ☆ Keogh plan [kē′ō ] n. [after Eugene J. Keogh (1907 89), U.S. congressman] a retirement plan for self employed persons and for the owners and employees of unincorporated businesses, similar to an IRA: see IRA1 (Individual Retirement Account) …   English World dictionary

  • Keogh Plan — Unreferenced|date=July 2008Keogh plans are full fledged pension plans for self employed people in the United States.HistoryNamed for United States Congress Representative Eugene James Keogh of New York, they are sometimes called HR10 plans and… …   Wikipedia

  • Keogh Plan — A tax deferred pension plan available to self employed individuals or unincorporated businesses for retirement purposes. A Keogh plan can be set up as either a defined benefit or defined contribution plan, although most plans are defined… …   Investment dictionary

  • Keogh plan — noun a tax deferred pension plan for employees of unincorporated businesses or for self employed persons • Hypernyms: ↑pension plan, ↑pension account, ↑retirement plan, ↑retirement savings plan, ↑retirement savings account, ↑retirement account,… …   Useful english dictionary

  • Keogh plan — noun Etymology: Eugene James Keogh died 1989 American politician Date: 1974 an individual retirement account for the self employed …   New Collegiate Dictionary

  • Keogh plan — /kee oh/ a pension plan for an unincorporated business entity or self employed person. Cf. individual retirement account. [1970 75, Amer.; after Eugene J. Keogh (born 1907), N.Y. Congressman] * * * …   Universalium