You then complete a salary reduction agreement with your employer who will send that amount to a financial institution. You reduce your current income taxes and set aside money for your retirement at the same time.
Most people pay taxes on their income first, then use what's left over to save for retirement.
Since your taxes are figured on your income after your compensation has been reduced, you will pay less in taxes. Our Interactive Voice Response System that allows you to manage your investments and check returns daily. For more complete information about AUL American Series Group Variable Annuities, including charges and expenses, obtain a prospectus from American United Life Insurance Company, Member NASD, P.O. Box 6148, Indianapolis, IN 46206-6148. Read it carefully before you invest or send money. If you are interested in additional information about the TDA product, please contact the sales representative nearest you.