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Self-contributory saving or
individuals or employees not covered in their employer's
plans in the US. A tax-deferred
, it allows individuals to
a certain maximum of their
. Similar to the
individual retirement account (IRA)
, Keogh Plan allows the
to grow without imposition of tax unless
is withdrawn before the
reaches the age 59½ years. Named after its proposer, the New York Congressman Eugene J. Keogh. Also called self-employed pension.
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