Keogh plans were designed to provide pension benefits for which group?

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Multiple Choice

Keogh plans were designed to provide pension benefits for which group?

Explanation:
Keogh plans (HR-10 plans) are retirement arrangements designed for people with self-employment income and owners of unincorporated businesses. They let the self-employed contribute pre-tax dollars (or tax-deferred growth) toward retirement under either a defined-contribution or defined-benefit structure. The plan exists to provide pension benefits for self-employed individuals, not primarily for government workers, nonprofit sector employees, or typical employees of larger corporations. If an employer in a small business offers a Keogh plan, it can cover employees, but the design and primary purpose are centered on the self-employed.

Keogh plans (HR-10 plans) are retirement arrangements designed for people with self-employment income and owners of unincorporated businesses. They let the self-employed contribute pre-tax dollars (or tax-deferred growth) toward retirement under either a defined-contribution or defined-benefit structure. The plan exists to provide pension benefits for self-employed individuals, not primarily for government workers, nonprofit sector employees, or typical employees of larger corporations. If an employer in a small business offers a Keogh plan, it can cover employees, but the design and primary purpose are centered on the self-employed.

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