Education & Non-Profit

As an educator or employee of a non-profit organization, you have a unique opportunity to prepare for your retirement by investing in 403(b) Tax Sheltered Annuities (TSAs).

For almost 40 years, these plans have been available to employees in public school systems and organizations described in section 501(c)(3) of the Internal Revenue Code. Employees in organizations such as public schools, universities, hospitals, and some church groups are able to either supplement their retirement plans or solely invest in a TSA if a retirement plan alternative is unavailable.

Advantages of investing in a TSA include the following:

• Contributions are deducted before taxes, thus reducing your income taxes.
• Contributions and interest earnings accumulate on a tax-deferred basis until funds are withdrawn.
• Most TSA-invested funds are accessible through loan provisions at traditionally lower rates than usual consumer loans.
• TSA-invested funds are portable, meaning that you may take your TSA with you if you leave your employer.
• Upon retirement, you have a choice of income options from your TSA-invested funds based on your needs.
• Beneficiaries have access to the balance of your TSA account without costly probate.
• You have a wide choice of excellent investment options for your TSA funds.

Investments in TSAs are made through simple payroll deductions with an agreement between you and your employer. A Brecek & Young advisor can give you all the details and help you devise a financial plan that can incorporate opportunities based on your organization.