Term Answer Description Keogh plan If you change jobs and take the money directly, you are subject to a 20% A. withholding tax. It requires that a form be completed designating it as this type of account and makes SEP plan B. the institution its trustee. Individual retirement C. With this type of account, earnings accrue tax free and are not subject to tax until arrangement they are withdrawn (after the individual reaches age 59 1/2). Like contributions to 401(k) plans, payments from this account may be taken as Traditional IRA D. deductions from taxable income. For Keogh and IRA accounts, the magic age is 59 1/2 or will be subject to a 10% Nondeductible IRA E. penalty. For people in their 30s and 40s, a Roth IRA is an appropriate investment decision. Roth IRA F. Aimed at small-business owners, this plan is just like a Keogh plan. Self-directed retirement plan G. Couples filing jointly with adjusted gross incomes of up to $193,000 ($131,000 for Withdrawal . single filers) can open this type of account, without regard to participation in an employer retirement program. I. Rollover Two basic types of retirement programs-Keogh and SEP (for self-employed individuals)-and IRAS allow individuals to set up their own tax-sheltered retirement plans. A possible investment decision J. Couples filing jointly (even when participating in a retirement plan at their places of work) can open this type of account as long as their adjusted gross income is less than $98,000 ($61,000 for single taxpayers. Term Answer Description Keogh plan If you change jobs and take the money directly, you are subject to a 20% A. withholding tax. It requires that a form be completed designating it as this type of account and makes SEP plan B. the institution its trustee. Individual retirement C. With this type of account, earnings accrue tax free and are not subject to tax until arrangement they are withdrawn (after the individual reaches age 59 1/2). Like contributions to 401(k) plans, payments from this account may be taken as Traditional IRA D. deductions from taxable income. For Keogh and IRA accounts, the magic age is 59 1/2 or will be subject to a 10% Nondeductible IRA E. penalty. For people in their 30s and 40s, a Roth IRA is an appropriate investment decision. Roth IRA F. Aimed at small-business owners, this plan is just like a Keogh plan. Self-directed retirement plan G. Couples filing jointly with adjusted gross incomes of up to $193,000 ($131,000 for Withdrawal . single filers) can open this type of account, without regard to participation in an employer retirement program. I. Rollover Two basic types of retirement programs-Keogh and SEP (for self-employed individuals)-and IRAS allow individuals to set up their own tax-sheltered retirement plans. A possible investment decision J. Couples filing jointly (even when participating in a retirement plan at their places of work) can open this type of account as long as their adjusted gross income is less than $98,000 ($61,000 for single taxpayers