From 11:00PM PDT on Friday, July 1 until 5:00AM PDT on Saturday, July 2, the Shmoop engineering elves will be making tweaks and improvements to the site. That means Shmoop will be unavailable for use during that time. Thanks for your patience!
We have changed our privacy policy. In addition, we use cookies on our website for various purposes. By continuing on our website, you consent to our use of cookies. You can learn about our practices by reading our privacy policy.
© 2016 Shmoop University, Inc. All rights reserved.

Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Keogh Plan


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.