Keogh plans can be set up through banks, insurance companies, brokerage houses, independent plan administration firms, lawyers, accountants, and any of the firms that typically provide financial services. Most of these firms offer a standard Keogh plan, called a prototype plan, that can be modified to fit your circumstances. Specially customized Keogh plans are also available, but they can be much more expensive than prototype plans.

How do you fund your Keogh? The major methods are:

• through a trust
• through the direct purchase of an annuity or other insurance contract from an insurance company
• through a special custodial account
• through the purchase of special U.S. government retirement bonds

You should discuss which option might be best for you with your attorney or accountant.