TSA stands for tax-sheltered annuity, a type of 403b plan, and IRA stands for individual retirement account. Both are tax-advantaged ways to say money for retirement. Participation You can only contribute to a TSA if you work for certain non-profit groups or educational organizations and you...
The primary differences between the two plans are contribution limits and individual versus employer contributions. Post-tax contributions can be made to IRA accounts, but Keogh contributions offer higher tax deductions. In addition, Keoghs offer plan choices geared toward self-employed individuals or sm...