Questions and Answers About 403(b) Tax-sheltered Annuities

Please Note: LSW cannot give legal, tax, or accounting advice. The following general information is our understanding of current tax laws and regulations for 403(b) Tax-Sheltered Annuities. Please consult your own attorney, accountant, or tax advisor for advice about your own situation.

Introduction

This guide is an attempt to explain, in easily understood terms, the workings of a 403(b) Tax-Sheltered Annuity. In addition, we address some issues of current concern, including the soundness and financial strength of the life insurance industry, and how life insurance companies differ from other financial institutions. We briefly explain how an annuity company operates, and we make suggestions on how to choose an agent and how to set up your TSA to your best advantage.

Since not every issue addressed in this guide will interest every reader, it is written in question and answer format. By consulting the Table of Questions, you may quickly turn to those topics that interest you. In this guide, the terms 403(b) and Tax-Sheltered Annuity (TSA) mean the same thing.

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Updated: Monday, December 03, 2007 11:48:04 PM  Eastern