keogh/pension plan for Active Traders

Discussion in 'Taxes and Accounting' started by learnalways123, Mar 22, 2021.

  1. hi
    What are the keogh/pension plans which Active Traders can setup?

    https://smartasset.com/retirement/what-is-a-keogh-plan
    "If you have a profit-sharing plan, you can contribute however much you choose, not including contributions for yourself."

    like the above statement

    if you make profits of say 25k in a year -- can you contribute the entire profit to the Pension plan and show 0 profit?

    other useful reading here too
    https://www.bizfilings.com/toolkit/...e-retirement-plan-choice-for-the-selfemployed