Tax Sheltered Annuity
Maximize your retirement plan with a tax sheltered annuity.
A tax sheltered annuity is a type of retirement plan designed for employees of tax-exempt organizations or schools, also known as a 403b plan or TSA. A tax sheltered annuity is a form of deferred compensation, similar to the traditional 401k plan whereby a fixed amount is deducted from each paycheck prior to any taxes being taken out. The tax sheltered annuity may also be partially funded by contributions from your employer, making it an effective choice for the foundation of your retirement plan.
The key difference between a tax sheltered annuity and a CD is that the tax sheltered annuity defers the taxes that are normally paid on interest earned, allowing your financial savings to compound and grow much faster than a traditional savings account. Your annuity can accrue growth on both the principal and interest, with the objective of maximizing your available retirement income in the future.
If you are interested in setting up a tax sheltered annuity for your organization, or are approaching retirement and want to rollover your TSA into a new product, contact us today to arrange a friendly and helpful telephone interview.
Looking for a tax deferred annuity outside of a 403b?
Many individuals searching for a tax sheltered annuity are not part of a non-profit organization or educational organization, but are still looking for the tax deferred advantages that a tax sheltered annuity offers. For more information on tax sheltered annuity products that you could be eligible for, please contact us today to request a friendly interview with one of our annuity planning specialists.
|
