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How does a tax-sheltered annuity (TSA) work?

Annuity tax-sheltered tsa
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How does a tax-sheltered annuity (TSA) work?

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During your working years, you contribute money to an annuity on a pre-tax basis through payroll deduction. Any growth is tax deferred. When you retire, the savings and earnings from your TSA may be withdrawn to help supplement a comfortable retirement. Certain withdrawals may be subject to charges.

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