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Profit Sharing

Often called Profit Sharing Keoghs, these plans are designed for small businesses or the self-employed.  You are allowed to contribute up to 15% of your net earnings to the account and the money isn't taxed until you withdraw it.  These plans tend to be paperwork-heavy, however, and many people who used to use Profit Sharing Keoghs now favor SEP or SIMPLE IRAs.

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