Salary reduction simplified employee pension plans (SARSEPs) are a type of pension plan that, as of 1997, are no longer available. Those who already have such plans can continue to contribute to ... |
A qualified plan for the self-employed is referred to as a Keogh plan. |
If you operate in the form of a sole proprietorship or a partnership, you're considered "self-employed" and thus ... |
The amount of the contribution you can make to your Keogh plan is determined by the amount of your "earned income" for the year. Earned income is defined as your gross income from a trade or ... |
There are rules that prohibit an employer from engaging in certain types of dealings with its retirement plan. The rules are designed to protect the plan participants against depletion of plan assets ... |
Generally, when you set up a pension plan, the people who manage the pension assets (including you, if applicable) are fiduciaries and are subject to a ... |
Keogh plans can be set up through banks, insurance companies, brokerage houses, independent plan administration firms, lawyers, accountants, and any of the firms that typically provide financial ... |
In some cases, you may want to provide supplementary compensation for key executives or employees, and you may want to defer payment into the future. For example, you may want to induce a ... |
Pension plans are extremely complex to administer. If you decide to have one, your best course of action is probably to have an outside administrator take care of it for you, unless you want to hire ... |
Distributions from a plan can be paid either as a single lump sum or in installments. There are special rules that apply to both. |
