Individual retirement account and Keogh plan

Individual retirement account noun - A retirement plan that allows you to contribute a limited yearly sum toward your retirement; taxes on the interest earned in the account are deferred.

Keogh plan and individual retirement account are semantically related. in ira topic. In some cases you can use "Keogh plan" instead a noun phrase "Individual retirement account".

Keogh plan noun - A tax-deferred pension plan for employees of unincorporated businesses or for self-employed persons.

Individual retirement account and Keogh plan are semantically related. You can use "Individual retirement account" instead a noun phrase "Keogh plan".