Annuities are long-term growth vehicles that offer specific advantages for retirement purposes.
An annuity is a contract between you and an insurance company which provides for future income payments in exchange for your investment now. Annuities can make excellent retirement savings products since earnings grow tax-deferred until they are withdrawn. Get a more comprehensive overview of annuities with Understanding Annuities . With a tax-deferred variable annuity, you can select among a range of investment options that have the ability to keep up with and even outpace inflation. Click here to find out more about Prudential's variable annuities.