Tax Sheltered AnnuityTSA Financial Glossary
What is it? A retirement account for certain workers such as teachers and hospital employees. A voluntary percentage, up to a maximum amount, is taken from pretax dollars and set aside for the employee. TSAs usually are held with insurance companies, where the money is placed in fixed accounts to earn interest. There are restrictions as to when and how you can withdraw these funds without penalties.Finance Term Definition Added By: Amanda
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