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MrsSchwags
Soccer Baseball Lax Mom
Member since 10/05 11240 total posts
Name:
Jennifer
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Tax Sheltered Annuities
Can someone tell me a little about them?
I have a list of agents I can call and I don't know what I should be asking or looking for.
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Posted 8/29/07 5:46 PM  |
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MrsSchwags
Soccer Baseball Lax Mom
Member since 10/05 11240 total posts
Name:
Jennifer
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Re: Tax Sheltered Annuities
anyone?
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| Posted 8/29/07 6:37 PM |
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KLSbear
LIF Adult
Member since 1/06 1908 total posts
Name:
Karen
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Re: Tax Sheltered Annuities
DH said if you're definately referring to Tax Sheltered Annuities they are similar to a 401K - contributions are taken from pre-tax earnings directly from your paycheck and the growth is tax deferred. You can't generally take the money out before 59-1/2 years of age without tax penalties. Usually only available to teachers or those working for a non-profit organization.
If you meant Tax Deferred Annuities that's a different story.
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| Posted 8/29/07 6:53 PM |
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MrsSchwags
Soccer Baseball Lax Mom
Member since 10/05 11240 total posts
Name:
Jennifer
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Re: Tax Sheltered Annuities
thanks.
i am a teacher and that is what i am talking about. Thanks.
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| Posted 8/29/07 8:01 PM |
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charon54
My two boys!
Member since 5/05 7279 total posts
Name:
Rebecca
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Re: Tax Sheltered Annuities
DH is a bank manager. He said he knows about that, but can't legally talk about them since he isn't licensed. But if you want more information, FM me and I can give you the info for someone at his branch who is licensed.
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| Posted 8/29/07 8:18 PM |
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KLSbear
LIF Adult
Member since 1/06 1908 total posts
Name:
Karen
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Re: Tax Sheltered Annuities
Two additional things DH mentioned was that you may want to look for the option that offers the biggest variety of investments and a broker that makes you feel comfortable - don't let anyone push you into something that doesn't seem right. Ask about fees as they relate to the investment option and any fees the broker charges too.
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| Posted 8/29/07 9:08 PM |
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MrsSchwags
Soccer Baseball Lax Mom
Member since 10/05 11240 total posts
Name:
Jennifer
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Re: Tax Sheltered Annuities
Posted by KLSbear
Two additional things DH mentioned was that you may want to look for the option that offers the biggest variety of investments and a broker that makes you feel comfortable - don't let anyone push you into something that doesn't seem right. Ask about fees as they relate to the investment option and any fees the broker charges too.
Thanks. THat is exactly the info I was looking for.
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| Posted 8/30/07 5:53 AM |
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