what s the difference between a tax sheltered annuity and a 401 k 
both the tsa and 401 k are retirement plans that come with certain tax advantages to investors each allows plan holders to contribute a certain portion of their salary each year up to a maximum 22 500 in 2023 and 23 000 in 2024 also called 403 b plans tsas are designed for certain employees of churches non profits and public schools while 401 k s are established by for profit corporationsthe bottom linesaving for retirement shouldn t be difficult especially when your employer offers a retirement plan take advantage of tax sheltered annuities or 403 b plans if you work at a church non profit or public school if your employer has one available you can reap the benefits of tax advantages such as using pre tax dollars for your contributions and you may even be able to get free money in your account if your employer matches your contribution giving you more bang for your buck 