tax-sheltered annuity

tax-sheltered annuity
A type of retirement plan under Section 403( b) of the Internal Revenue Code that permits employees of public educational organizations or tax-exempt organizations to make before-tax contributions via a salary reduction agreement to a tax-sheltered retirement plan. Employers are also allowed to make direct contributions on behalf of employees. Bloomberg Financial Dictionary

Financial and business terms. 2012.

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  • Tax-Sheltered Annuity — A type of annuity that allows an employee to make contributions from his or her income into a retirement plan. The contributions are deducted from the employee s income and, as a result, the contributions and related benefits are not taxed until… …   Investment dictionary

  • tax sheltered annuity — (TSA)  Insurance product that allows an investor avoid or reduce tax liabilities. Taxes are usually deferred until the end of a specified period of time …   American business jargon

  • IRS Publication 571: Tax-Sheltered Annuity Plans (403(b) Plans) For Employees of Public Schools And Certain Tax-Exempt Organizations — A document published by the Internal Revenue Service (IRS) that provides tax information for filers who have a 403(b) retirement plan. IRS Publication 571 indicates who can contribute to a 403(b) plan, the maximum contribution that can be made to …   Investment dictionary

  • Annuity Contract — The written agreement between an insurance company and a customer outlining each party s obligations in an annuity coverage agreement. This document will include the specific details of the contract, such as the structure of the annuity (variable …   Investment dictionary

  • Economic Growth and Tax Relief Reconciliation Act of 2001 — The Economic Growth and Tax Relief Reconciliation Act of 2001 (USPL|107|16, USStat|115|38, June 72001), was a sweeping piece of tax legislation in the United States. It is commonly known by its abbreviation EGTRRA, often pronounced egg tra or egg …   Wikipedia

  • TSA —  Tax sheltered annuity …   American business jargon

  • TIAA-CREF — Teachers Insurance and Annuity Association – College Retirement Equities Fund Type Not for profit Founded 1918 Headquarters New York Cit …   Wikipedia

  • 403(b) Plan — A retirement plan for certain employees of public schools, tax exempt organizations and certain ministers. Generally, retirement income accounts can invest in either annuities or mutual funds. Also known as a tax sheltered annuity (TSA) plan .… …   Investment dictionary

  • TSA — Transportation Security Administration (Governmental » Transportation) Transportation Security Administration (Governmental » US Government) Transportation Security Administration (Community » Law) Transportation Security Administration… …   Abbreviations dictionary

  • TSA — most frequently refers to:* Tourette Syndrome Association, advocacy organization * Transportation Security Administration, in the United States Department of Homeland SecurityTSA may also refer to:* Taipei Songshan Airport s IATA code * Tax… …   Wikipedia

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