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403 (b)/TSA

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."

The features of a 403(b) plan are very similar to those of a 401(k) plan. Employees may make salary deferral contributions that are usually limited by regulatory caps. Individual accounts in a 403(b) plan can be any of the following types:

  • An annuity contract, which is provided through an insurance company
  • A custodial account, which is invested in mutual funds
  • A retirement income account set up for church employees
 

We are an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives.

Securities and advisory services offered through Madison Avenue Securities, LLC (MAS), member FINRA/SIPC, and a Registered Investment Advisor. MAS and Anders & Anders Financial Group are not affiliated entities.

Guarantees mentioned herein are backed by the claims-paying ability and financial strength of the issuer.