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The Truth About Buying Annuities
book

The Truth About Buying Annuities

by Steve Weisman
August 2008
Beginner content levelBeginner
208 pages
3h 51m
English
Pearson
Content preview from The Truth About Buying Annuities

Chapter 13. Tax-sheltered annuities

 

“In this world, nothing can be said to be certain, except death and taxes.”

 
 --Benjamin Franklin

Say the acronym TSA, and many people will think about the Transportation Security Administration and long lines at airport security checkpoints. However, say TSA to a teacher, a hospital worker, a self-employed minister, or an employee of an Native American tribal government, and TSA may have a much different meaning. To them, the term means tax-sheltered annuity.

A TSA is an annuity that is contained in a 403(b) plan. The 403(b) is the equivalent of a 401(k) for people who work for school systems, hospitals, or other non-profit charitable institutions. Like a 401(k), your contribution to a 403(b) is limited. In fact, ...

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Publisher Resources

ISBN: 9780131359512Purchase book