Tax-Sheltered Annuity
Save NOW for a future like this
Whether retirement is a long way off or just around the corner, a 403(b) tax-sheltered annuity (TSA) can play an important role in achieving your financial goals. A TSA allows educators like you to save for retirement by setting aside a portion of your pay on a pre-tax basis. Better yet, the assets you accumulate in your TSA will later provide retirement income you can't outlive. It’s the smart way to save for retirement.
Advantages of contributing to a TSA include:
- Federal income tax deferral
- Convenient payroll reduction
- A range of funding choices
- Loan options
In 2007, federal tax law allows you to contribute up to $15,500 to your TSA account. In addition, you may be eligible to contribute up to an additional $5,000 if you are age 50 or older and up to an additional $3,000 if you have worked for the same employer for at least 15 years.
To learn more, call MTAB at 800.336.0990, ext. 5226.
MTA/TSA presentation to
MTA Retireds
FREE workshops and needs analysis
More than 30 fully trained and licensed MetLife financial services representatives are available throughout the Commonwealth who can provide members with a free no-obligation Retirement Income Needs Analysis during a confidential meeting. MetLife representatives also work with MTA Benefits in conducting informational financial workshops throughout the school year – at no cost to MTA members.
MTA Benefits and its licensed insurance agency have contracted exclusively with MetLife to offer TSA products to MTA members. MetLife can help get you started. To learn more about the TSA Program, call MTAB at 800.336.0990, ext. 5226.
How much is enough? Do the math.
How much money will you need to enjoy a financially secure retirement? The answer may surprise you. The MetLife Web site offers a variety of easy-to-use retirement savings tools to help you plan for your golden years. Click here to test your knowledge by taking a Retirement IQ quiz.
If you are already a participant in the MTA-endorsed TSA program, click one of the following links to access your account using the MetLife Web site.
Click here for T-Flex and Universal Annuity account information.
Click here for MetLife Financial Freedom Select® account information.
Variable annuities are offered by prospectus only, which is available from your registered representative. You should carefully consider the product’s features, risks, charges and expenses, and the investment objectives, risks and policies of the underlying portfolios, as well other information about the underlying funding choices. This and other information is available in the prospectus, which you should read carefully before investing.
* Withdrawals from 403(b) annuity contracts prior to age 59 1/2 are prohibited unless certain conditions are met. Where permitted, withdrawals are subject to a 10% tax penalty and ordinary income tax.
For any tax-qualified account, e.g. 403(b), the tax deferred accrual feature is provided by the tax-qualified retirement plan. Therefore, there should be reasons other than tax deferral for acquiring an annuity contract within a qualified plan, such as the death benefit.
Under an agreement with MTA Benefits and its licensed insurance agency, MetLife has been exclusively authorized to offer their tax sheltered annuity products to MTA members and their employee groups. MTA Benefits provides marketing services on behalf of MetLife to promote the annuity products to MTA members and their employers, and MetLife pays MTA Benefits a fixed annual marketing fee for its services, which fee is not based on the volume of sales or the amount of assets invested in the tax-sheltered annuity products. You may wish to take into account this agreement and arrangement, including the fee paid, when considering and evaluating the MetLife tax-sheltered annuity products. You may also wish to consider competitive products and their administrative fees before making your decision. MTA and MTA Benefits are not affiliated with MetLife.
Neither MTA nor MTA Benefits is a registered broker-dealer. All securities brokerage services are performed exclusively by MetLife broker-dealers and not by MTA or MTAB.
Metropolitan Life Insurance Company (MLIC), New York, NY 10166. Securities offered by MetLife Securities, Inc. (MSI) (member FINRA/SIPC). MLIC and MSI are affiliates. MTA is a separate entity.
Pursuant to IRS Circular 230, MetLife is providing you with the following notification:
The information contained in this Web site is not intended to (and cannot) be used by anyone to avoid IRS penalties. This Web site supports the promotion and marketing of insurance products. You should seek advice based on your particular circumstances from an independent tax advisor.
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