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What is a tax-sheltered annuity?

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What is a tax-sheltered annuity?

Answered By Ammon Yorke, Editor


Tax-sheltered annuity is a retirement savings program limited to public educational institution employees and members of non-profit organizations. Contributions to a tax-sheltered annuity are made by the employers of the participating employee. These are deducted from the participant’s income payments and sent to the insurance agency or mutual fund guardian elected by the participant.

--- permission must be obtained from editor Ammon Yorke to re-publish ---

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