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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Keogh Plan

Definition:

If you have a traditional 9-to-5 job, your boss might offer a retirement plan so that, once you've stopped working, you still have cash to pay for stuff like rent and food.

But what happens if you decide to go freelance and be your own boss? One option is a Keogh Plan, which is a tax-deferred retirement for self-employed folks.