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What is a tax-deferred annuity, or 403(b)?

April 26, 2017Annuity tax-deferred

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What is a tax-deferred annuity, or 403(b)?

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A 403(b) plan, also known as a tax-sheltered annuity (TSA) plan, is a retirement plan for certain employees of public schools, employees of certain tax-exempt organizations, and certain ministers. Individual accounts in a 403(b) plan can be any of the following types.