Like most investments, variable annuities may fluctuate in value. Therefore, your investment may be worth more or less than when you made your initial purchase payment. When withdrawing money from an annuity, you will pay ordinary income taxes only on your earnings. Annuities offer the ability to create a payment plan, based on your contract value, that guarantees income for life. Consult your Prudential professional to discuss which qualified plan best meets your personal or business needs and the availability of our annuities in that market.
Deferred annuities are long-term retirement savings tools.
A regularly scheduled income payment plan that allows you to continue making new investments and accumulating wealth, while your money grows tax-deferred. You can withdraw all your money at one time, ending the annuity contract. This option may cause your taxable income to increase significantly and move you to a higher tax bracket. Guaranteed income plans. You can choose to lock in a guaranteed income plan based on your contract value.