Keogh plan

[ kee-oh ]
/ ˈki oʊ /

noun

a pension plan for an unincorporated business entity or self-employed person.

Origin of Keogh plan

1970–75, Americanism; after Eugene J. Keogh (born 1907), N.Y. congressman

Cultural definitions for keogh plans

Keogh plans

Retirement plans similar to 401(k) plans but for income derived from self-employment.