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As a public school teacher, I'm in a fortunate position in that I have the ability to invest through a Tax Sheltered Annuity. Recently I transfered my TSA money out of an account that was bringing in only 6% to one that I was told should get considerably more through aggresive growth funds. Since then I've become interested in opening an IRA in order to invest more foolishly in stocks and index funds. Is it legal to use both a TSA and an IRA to invest simultaneously? If not, I would appreciate any advise as to whether a TSA or IRA would be more beneficial. Thanks!
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