Plan for the retirement you want
What do you need to retire with more confidence? Whenever you start to think about the future, there are a lot of questions and unknowns. But you don’t have to face them alone. Guardian can be with you, with people and products that help you achieve the financial well-being you want in retirement.
Annuities to create guaranteed income for retirement
An annuity is a contract with an insurance company that turns your contributions into a steady stream of retirement income. Based on your contract, you’re also able to determine the length of time during which you’ll receive payments (e.g., for your lifetime or a specific number of years).
Financial professionals to give you personal guidance
It’s natural to have questions about how to get where you want to be in retirement. We can put you in touch with a local financial professional who’ll be with you every step of the way.
Reasons why people get annuities for retirement
Guaranteed income, so you can focus on the things that really matter.
Guardian offers a variety of annuities, and each can be tailored to your specific needs: immediate annuities that start distributing income after you provide a single, lump-sum payment; fixed annuities that give you a guaranteed rate of return as you contribute premiums, then guaranteed income payments when you retire; fixed index annuities that provide a minimum guaranteed interest rate combined with potential growth tied to a specific market index; registered index-linked annuities that offer growth potential for your retirement savings, while providing a level of protection during market downturns; and variable annuities that let you take advantage of the highs and lows of the financial market and allow you to earn tax-deferred savings until you’re ready to start receiving income.
FAQ
Top questions about saving for retirement
Tax advantages
Depending on the type of IRA you choose, your contributions may be tax deductible, helping you save on taxes as you're paying in. Alternatively, with a Roth IRA, you contribute after-tax dollars, but your investment earnings grow tax-free, and qualified withdrawals in retirement are also tax-free.
Control over investments
With an IRA, you have control over how your money is invested, allowing you to choose investments that align with your financial goals and risk tolerance.
Flexibility
Unlike some employer-sponsored retirement plans, such as 401(k)s, IRAs are not tied to a specific employer, so you can continue to contribute to an IRA even if you change jobs.
Additional savings
If you've already maxed out your contributions to an employer-sponsored retirement plan, such as a 401(k), an IRA may be a great way to save even more for retirement.
There are three different types of IRAs: a traditional IRA with tax-deferred contributions and growth, but withdrawals are taxed when you retire; a Roth IRA that provides tax-free growth and withdrawals because it’s funded with after-tax dollars; and a rollover IRA that converts your retirement account with a former employer (or another IRA) into a retirement account that you control, while maintaining any tax advantages.
You don’t have to choose one or the other: annuities and IRAs can work together
For most people, annuities are an additional way to plan for retirement, along with a traditional or Roth IRA, 401(k), or other retirement investments. They can help simplify the task of turning a large nest egg into regular retirement income. And, by providing a lifetime guaranteed income stream, they can help make sure you don’t outlive your money. And you can use IRAs and annuities with other financial products, like whole life insurance, to help fund your retirement and build financial security for your family. A Guardian financial professional can help you explore all these options.
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Life insurance
If people depend on your income for support, what will happen to them if something happens to you? Life insurance can be a vital source of financial support.
Disability insurance
If you’re unable to work due to injury or medical condition, where will you get income to live on? Disability insurance can help support your family when it’s needed most.
Investments
A brokerage account is a simple way to manage your money and help your money grow through investments.
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.
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.
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.
Insurance products are offered through a licensed/registered bank or broker/dealer (financial institution), but underwritten by insurance companies. All guarantees mentioned on this site are guarantees of the insurance company and not guarantees of the financial institution.
Variable annuities are long-term investment vehicles that involve certain risks, including possible loss of the principal amount invested. The investment return and principal value may fluctuate so that the investment, when redeemed, may be worth more or less than the original cost. Withdrawals of taxable amounts will be subject to ordinary income tax and possible mandatory federal income tax withholding. If taken prior to age 59½, a 10% IRS penalty may also apply. Withdrawals affect the variable annuity’s death benefit, cash surrender value and any living benefit and may also be subject to a contingent deferred sales charge.
Variable annuities and their underlying variable investment options are sold by prospectus only. Prospectuses contain important information, including fees and expenses. Please read the prospectus carefully before investing or sending money. You should consider the investment objectives, risks, fees and charges of the investment company carefully before investing. Please contact your investment professional or call 800.221.3253 for a prospectus, which contains this and other important information. To download a contract or fund prospectus, please click here.
Annuity guarantees are backed exclusively by the strength and claims-paying ability of The Guardian Insurance & Annuity Company, Inc. (GIAC) and are issued by The Guardian Insurance & Annuity Company, Inc. (GIAC), a Delaware corporation. Individual variable annuities are distributed by Park Avenue Securities LLC (PAS). GIAC is a wholly owned subsidiary of The Guardian Life Insurance Company of America (Guardian). PAS is a wholly owned subsidiary of Guardian. Guardian, GIAC, and PAS are located at 10 Hudson Yards NY, NY 10001. Contract provisions and investment options vary by state.
All investments contain risk and may lose value. Diversification does not guarantee profit or protect against market loss.
Securities products and advisory services offered through Park Avenue Securities LLC (PAS), a registered broker-dealer and investment adviser. PAS is a wholly owned subsidiary of Guardian and a member FINRA, SIPC.
Park Avenue Securities Annuity Disclosures: https://www.parkavenuesecurities.com/legal/annuities-disclosure