What A Tax Deferred Retirement Plan? 
A tax deferred retirement plan simple means that the retirement program , such as an annuity is tax deferred -LRB- or not taxable -RRB- until you take it out . Usually when you begin taking withdrawals from your annuity your income bracket is lower than when you were working , making a tax deferred annuity an attractive way to set up your retirement plan and guarantee a lifetime income . 