All About Keogh And Ira Plans

November, 1979

There was a time when writers, artists, doctors, shopkeepers--anybody who free-lanced or owned his own unincorporated business--couldn't sock away anything in a growth plan for retirement without incurring immediate tax liabilities on the gains. You got kicked two ways: You paid taxes on what you needed to spend next week and you paid taxes on what you wouldn't spend for 20 or 30 years. And if you were a nine-to-fiver and your employer didn't have a pension or retirement plan, you were also in p...