Keogh plan

[ kee-oh ]

noun

1. a pension plan for an unincorporated business entity or self-employed person.

Word History and Origins

Origin of Keogh plan¹

An Americanism first recorded in 1970–75; named after Eugene J. Keogh (1907–89), N.Y. congressman

Example Sentences

In 2008 he saw half his Keogh plan assets disappear with the market downturn, but resisted the pangs of pangs of panic in his gut and has since fully recovered.

From Forbes