KEOGH PLAN SR 94-04, 04/94 (AAM-A)

Noncontractual Keogh Plans are tax-sheltered accounts set up by an individual for retirement purposes.

Treatment: Countable Resource. Deduct the penalty for early withdrawal and count the remainder as a resource.

A contractual Keogh Plan is a tax-sheltered account set up by an employer that does not allow the employee to withdraw any money.

Treatment: Excluded Resource.