Answer:
The given statement is true.
Step-by-step explanation:
In some situations, retirement savings are essential. However, the savings that are contributed to the Keogh plan has a specific percentage lower both IRAs and Keogh gives the consumers the opportunity of making deferred contributions purposely of their retirement period.
The difference between the plans is the limit of contribution among the employer, and the individual the post ta contributions are usually made to IRA accounts while Keogh contributions have higher taxes and their plan is geared towards self-employed people.