Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the UTSaver 403(b) Tax Sheltered Annuity (TSA) Program?

April 26, 2017Annuity program sheltered tax tsa

0

10 Posted

What is the UTSaver 403(b) Tax Sheltered Annuity (TSA) Program?

1 Answer

0

10 Posted

The UTSaver 403(b) TSA is a supplemental retirement savings program that allows participants contribute additional income for retirement, through salary deferral. These contributions are in addition to contributions made to the mandatory retirement program. The program does not include an employer contribution. You may contribute to the UTSaver TSA with pre-tax (“Traditional”) or post-tax (“Roth”) payroll deductions. Depending on your personal financial situation, it may be beneficial for you to choose one contribution strategy over the other. For a comparison between Traditional, Roth 403(b), and Roth IRA contributions, click here . The contributions may then be invested in a fixed or variable annuity or mutual fund product with an authorized retirement provider. For additional information, please consult your investment or financial advisor.