Self-employed Retirement Plan Law and Legal Definition
Self-employed retirement plan is a retirement plan of professionals, proprietor of businesses, partners, or other self-employed persons. Under such a plan, the self-employed set aside a specified part of his/her current earnings for use as a retirement fund in the future. Self-employed retirement plan permits to a limited extent the deduction of contributions made by the self-employed in determining his net income for tax purposes.
Legal Definition list
Related Legal Terms
- 401 K Plans
- 504 Plan [Education]
- Accountable Reimbursement Plan
- Accumulation plan [Internal Revenue]
- Acquisition Planning
- Actuarial Experience [Employee Retirement]
- Actuarial Services [Employee Retirement]
- Actuarially Sound Retirement System
- Administrator of an Employee Benefit Plan
- Agricultural Resource Management Plan
