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6 terms

Ch.1 Tax Deferred Annuity

STUDY
PLAY
401(k)
Business retirement fund
403(b)
Teaching retirement fund
Point 1
Money taken out of each pay check before pay is taxed
Point 2
Put into retirement fund, can't be touched until retirement
Point 3
Saves you paying a lot of tax money
Annuity
A series of fixed payments paid at regular intervals over the specified period of the annuity. The fixed payments are received after a period of investments that are made into the annuity.