Tax Sheltered Annuity
While most state teacher retirement plans provide liberal retirement benefits, chances are your teacher retirement plan or other employer sponsored retirement program will not provide enough income after retirement to enable you to maintain your standard of living. A Tax Sheltered Annuity permits you to accumulate money on a highly tax favored basis, to supplement teacher retirement or another retirement plan.
The powerful tax break granted by Congress, combined with the power of compound interest (the time value of money), permits large sums of money to be accumulated over a period of years. An intelligently planned and funded TSA, together with teacher retirement, can make the difference between a comfortable retirement and the unhappy alternative.
