Chartered Retirement Planning Counselor (CRPC) Practice Exam 2025 – Comprehensive All-in-One Guide for Exam Success!

The correct statement regarding loans from a Keogh plan is that partners with over 10% ownership can take loans. This is grounded in the regulations governing Keogh plans, specifically designed for self-employed individuals and unincorporated businesses. These plans allow certain participants, particularly partners owning more than 10% of the business, to take out loans under specific conditions.

This option emphasizes the idea that ownership levels within a partnership can have implications on accessing funds through loans from a retirement plan. In a Keogh plan, loans may be available to partners, acknowledging their active role and equity in the business.

Understanding the restrictions on loans from Keogh plans is important for compliance and tax implications, making this correct statement relevant in real-world applications for self-employed individuals and their retirement strategies.