Jackson Logo

    Growth potential from tax deferral

    Encourage asset growth through tax deferral‡

    Whether you are trying to grow assets in preparation of retirement or to provide a legacy, tax deferral through an annuity can help harness this growth by allowing you to keep more of what you earn. The potential growth of an annuity doesn't have to be interrupted by taxable events such as capital gains taxes.

    What is an Annuity?

    Annuities are long-term, tax-deferred vehicles designed for retirement and are insurance contracts. Variable annuities and registered index-linked annuities involve investment risks and may lose value. Earnings are taxable as ordinary income when distributed. Individuals may be subject to a 10% additional tax for withdrawals before age 59½ unless an exception to the tax is met.

    Tax deferral resources

    Explore additional tax-deferral resources here.

    Get informed on the
    Secure 2.0 Act 

    Stay in the know about the recent Secure 2.0 Act changes enacted on December 29, 2022. If the recent changes impact you or your clients, please reference the FAQs below.

    Secure 2.0 Act FAQs

    5 key tax-planning strategies

    Check out these five important tax strategies that can help you keep more of what you earned during the tax season.

    5 key tax-planning strategies

    Get the tax facts

    Know the tax facts of your tax situation as it relates to the creation, preservation, and distribution of your wealth. 

    Tax facts: 2023 tax year
    Tax facts: 2022 tax year

    1040 form comparison tool

    Compare your 1040 form to our digital example to find potential tax inefficiencies and help identify opportunities for growth.

    Download for desktop users
    Download for mobile users

    Taxable investment analysis

    This analysis will help you compare the accumulation values and after-tax withdrawals of investments subject to income tax each year versus deferring the tax until withdrawals occur.

    Compare your options

    Tax advantages of annuities

    Use this calculator to compare the tax advantages of purchasing an annuity versus an investment account where the interest is taxed each year.

    discover tax advantages

    Taxes are like a jar of jelly beans

    When thinking about retirement planning, it can be helpful to visualize each of your future income sources as individual flavors of jelly beans mixed up in a jar.

    Taxes are like a jar of jelly beans

    Tax digital playbook

    You've worked hard to build and grow your assets, don't let taxes drain and deplete all that you've achieved. Ordinary income taxes, federal taxes, state taxes, investment gains taxes, and taxes on trusts are all holes that can drain assets from your retirement bucket. Follow Brooke, Ben & Megan, and Robert & Linda as they discover how to plug the holes in their retirement bucket and how those strategies may help you as well.
     

    Learn more

    Benefits of annuities

    Check out our benefits of annuities video series for insights and strategies to help boost your retirement asset growth potential.

    Cookie Consent Video Placeholder
    Cookie consent preferences are causing this video to be suppressed. If you wish to view/update these settings visit Do Not Share My Personal Information.

    Products that can provide tax-deferred growth

    See more annuity benefits

    Income protection

    Many people are living longer, healthier lives so reliable income that lasts is essential to any retirement. Jackson annuities offer a variety of add-on benefits* that can provide lifetime income† to meet the challenges of longevity ahead.

    Explore income protection
    Growth potential

    The market can be intimidating for investors, but it can also be a powerful tool for growing your assets. Annuities that offer market access can provide opportunities for growth through a variety of investment options. Some annuities even offer income protection§ during times of market volatility.

    Learn About Growth Potential
    Legacy benefits

    Sometimes there’s more to retirement than living a good life. With add-on benefits that preserve and grow assets in an annuity, planning for future generations has never been easier. And once it’s time to pass on your legacy, it can go directly to your beneficiaries, tax-deferred. 

    Look into Legacy Benefits

    §The principal value of the variable annuity will fluctuate based on the performance of the underlying investment options and may lose value

    *Add-on benefits that provide income for the length of a designated life and/or lives may be available for additional charge. The amount of income that these benefits may provide can vary depending on age, when income is taken, and how many lives are covered when the benefit is elected. The cost of these benefits may negatively impact the contracts cash value.

    †Lifetime income of the add-on lifetime benefits available with variable annuities becomes effective at issue if the designated life is age 59½ at issue, or upon the contract anniversary following designated life's 59½ birthday, provided the contract value is greater than zero and has not been annuitized.

    ‡Tax deferral offers no additional value if an annuity is used to fund a qualified plan, such as a 401(k) or IRA, and may be found at a lower cost in other investment products. It also may not be available if the annuity is owned by a “legal entity” such as a corporation or certain types of trusts.

    Before investing, investors should carefully consider the investment objectives, risks, charges, and expenses of the variable annuity and its underlying investment options. The current contract prospectus and underlying fund prospectuses provide this and other important information. Please contact your financial professional or the Company to obtain the prospectuses. Please read the prospectuses carefully before investing or sending money.

    Jackson, its distributors and their respective representatives do not provide tax, accounting, or legal advice. Any tax statements contained herein were not intended or written to be used and cannot be used for the purpose of avoiding U.S. federal, state, or local tax penalties. Tax laws are complicated and subject to change. Tax results may depend on each taxpayer’s individual set of facts and circumstances. Clients should rely on their own independent advisors as to any tax, accounting, or legal statements made herein.

    Guarantees are backed by the claims-paying ability of Jackson National Life Insurance Company® or Jackson National Life Insurance Company of New York® and do not apply to the principal amount or investment performance of a variable annuity’s separate account or its underlying investments. They are not backed by the broker/dealer from which this annuity contract is purchased, by the insurance agency from which this annuity contract is purchased or any affiliates of those entities, and none makes any representations or guarantees regarding the claims-paying ability of Jackson National Life Insurance Company® or Jackson National Life Insurance Company of New York®.

    The latest maturity date or income date allowed under an annuity contract is age 95, which is the required age to annuitize or take a lump sum. Please see the prospectus for important information regarding the annuitization of a variable annuity contract.

    Annuities are issued by Jackson National Life Insurance Company® (Home Office: Lansing, Michigan) and in New York, by Jackson National Life Insurance Company of New York® (Home Office: Purchase, New York).  Annuities are distributed by Jackson National Life Distributors LLC, member FINRA. These contracts have limitations and restrictions. Jackson issues other annuities with similar features, benefits, limitations, and charges. Contact Jackson for more information.

    Jackson® is the marketing name for Jackson Financial Inc., Jackson National Life Insurance Company®, and Jackson National Life Insurance Company of New York®.