Content Overview
- Summary
- Withdrawals For Hardship
- The Definition Of A 403(B) Plan Also Known As A "TSA"
- What Are The Benefits Of A 403B Plan?
- Limitation On The Amount Of Contributions To A TSA
- If You Have Been With The Organization For More Than 15 Years
- How Contributions To The Plan Are Made
- Permitted Investments For Money In A TSA
- Borrowing From A TSA
- If You Become Disabled
- If You Leave Your Employer Before Age 59 1/2
- If You Retire Or Leave Your Employer And You Are Older Than Age 59 1/2
- Forced Withdrawal Of Money From A TSA At Age 70 l/2
- What Happens To The Money In A TSA If I Die?
403(B)/ TSA Plans
Permitted Investments For Money In A TSA
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A drawback of a TSA is that your investment options are usually quite limited.
There are only two types of funding vehicles approved for TSAs:
- Annuity contracts from a life insurance company
- The certificates of a few mutual funds.
Your plan administrator will have details about your investment options.
When considering how to invest your money in a TSA, consider your overall investment strategy. Revisit your decision at least once a year.
On the plus side, you may be able to move your assets between annuity contracts.
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