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TSA
403(b) Plans
An employee of a tax-exempt religious, charitable
or educational organization is eligible, including a self-employed
minister of a church.
Participants set aside money on a pre-tax basis through a salary reduction agreement with their employer. The money is then directed to a financial institution selected by the employer. Like the 401(k), the money grows tax-deferred until retirement. It is taxed as ordinary income when withdrawn.
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