Tip of the Week: Start a Keogh Plan (11/29/99)

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	Start a Keogh Plan Financial Tip of the Week by Deloitte & Touche OnLine November 29, 1999

If you're self employed and don't already have a Keogh plan, start one now.

See our archive of previous tips on your money, your taxes and your financial plan.

If you are self-employed and want to deduct contributions to a new Keogh retirement plan for the 1999 tax year, you must establish the plan by Dec. 31, 1999.

You don't actually have to put the money into your Keogh(s) until the due date of your tax return, but you do have to establish the plan by the end of the year.

Consult with a specialist in this area to ensure that you establish the Keogh or Keoghs that maximize your flexibility and your annual contributions.

Learn more about Keogh plans in our 1999 Tax Planning Guide.