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Anakat1 -

A TSA is a "tax sheltered annuity", an insurance product designed to accept regular contributions from you through payroll deduction (assuming you work for a public school or qualified non-profit organization).
It is a retirement savings vehicle that allows you to save as much as 20% of your gross earned income (from the qualifying job), or $10,500 - whichever is less.
By saving this way you lower your taxable income now, the savings grow tax-deferred, and you pay ordinary income tax on the monies as you withdraw them during retirement years.

Many TSA plans have a variety of investment subaccounts you may allocate your monies into, including a "Fixed Interest Account", stock accounts, and bond accounts. To learn more, why don't you meet with a TSA representative that serves your employer?

Best wishes, PP
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