(Money Manager) - A tax-sheltered annuity is an account where you can deposit some of your pre-tax dollars for the purpose of long-term savings. The money deposited in the annuity is not taxed when the money is deposited, but is instead taxed when the money is withdrawn. A tax-sheltered annuity can be a great addition to a person's overall retirement plan, but should not be the only type of plan used to prepare for retirement.

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