It's Not Our Money

By Amir Zaman, WEA Insurance employee benefits specialist

June 1997

However, he had been putting it off for one reason or another. Then, he attended two financial seminars close together where retirement was the hot topic.

“I thought it was time to do something for my retirement even though I still had other things to worry about — like saving for the kids’ college education,” he says.

Tom, who has been teaching now for almost 30 years, opened an account with the WEA Tax Sheltered Annuity Trust in 1986. Why did he choose the Trust?

“Well, this may sound corny, but I trust the Trust,” he says. “You know that they’ve got your best interest at heart. And no one can beat the fixed rate they offer.”

Tom has been in Eau Claire since 1980. These days he helps kids with reading, but his teaching career has also involved teaching English and Social Studies. As president of his local association, he’s familiar with the challenges educators face.

That’s why he feels strongly that members should start a tax-sheltered annuity as soon as possible. Saving for retirement doesn’t get easier, he says. And once a member is “set up” with the Trust, it is easy to change the amount being withheld from the paycheck for a tax-sheltered annuity.

“I know that used to be a concern for many members — that they would be locked into a fixed amount and couldn’t do anything if they needed the money. Now, with new rules, they can change the amount they want put into their TSA.”

If you’d like more information about tax-sheltered annuities or would like to start one, please call the WEA Tax Sheltered Annuity Trust at 1-800-279-4030.

Posted June 4, 1997