There’s No Such Thing As Too Much Certainty
Financial markets have their ups and downs, bringing about uncertainty. But in prepping for retirement, reliability may be more appealing to you. When people talk about stable financial products, you may hear: What is a fixed annuity? A fixed annuity is a contract with an insurance company that provides a guaranteed rate of return each year on your premium (the amount of money you contribute to the annuity). Using a fixed annuity to help build reliable assets for your retirement may give you the confidence you’ll need in this upcoming stage of life, as well as access to income when you need it.
For example, the Guardian Fixed Target AnnuitySM offers a guaranteed rate of return for three-to-ten year periods (may not be available at all times). You can select the time period that best fits your retirement time frame.
The information provided herein is not written or intended as tax or legal advice and may not be relied on for purposes of avoiding any federal tax penalties. This information supports the promotion and marketing of this annuity.
Current tax law is subject to interpretation and legislative change. Tax results and the appropriateness of any product for any specific taxpayer may vary depending on the particular set of facts and circumstances. Entities or persons distributing this information are not authorized to give tax or legal advice. Individuals are encouraged to seek specific advice from their personal tax or legal counsel.
There is no additional tax deferral benefit for annuity contracts purchased in an IRA or other tax-qualified plan, since these are already afforded tax-deferred status. Thus, an annuity should only be purchased in an IRA or qualified plan if you value some of the other features of the annuity and are willing to incur any additional costs associated with the annuity to receive such benefits.
You should know that interest is withdrawn first before premium and any withdrawal of interest is subject to ordinary income tax, and may be subject to a 10% penalty tax if withdrawn before you have attained the age of 59½.
Guardian Fixed Target AnnuitySM is a service mark of and is issued by The Guardian Insurance & Annuity Company, Inc. (GIAC), a Delaware corporation whose principal place of business is 7 Hanover Square, New York, NY 10004. (800) 221-3253. GIAC is a wholly owned subsidiary of The Guardian Life Insurance Company of America.
Product availability and features may vary by state.
Principal, stated interest rates and other annuity guarantees are backed exclusively by the strength and claims-paying ability of The Guardian Insurance & Annuity Company, Inc. (GIAC).
For more information about GIAC’s Guardian Fixed Target AnnuitySM or to obtain current initial guarantee period interest rates, please contact your financial representative or call GIAC at (800) 221-3253.
Not a Deposit | Not FDIC or NCUA Insured | No Bank or Credit Union Guarantee
This material is intended for general public use. By providing this material, Guardian is not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact a financial professional for guidance and information specific to your individual situation.