Planning calculators & tools

Track your progress toward financial freedom

Now that you've begun your journey to financial freedom, we have planning tools to help you see where you are financially and where you may want to go. These tools offer a quick look into your retirement concerns—including income protection and the impact of taxes—to get you started making a more comprehensive plan with your financial professional.

What is an Annuity?

Annuities are long-term, tax-deferred vehicles designed for retirement. 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.

Tools to help make retirement planning easier

We are committed to reducing the complexity of retirement planning so we collaborated with industry-leading software firms to develop digitally-enhanced calculators and tools that may help give you financial freedom in retirement.

How can I plan for my retirement expenses?

Identifying the gaps in your projected retirement income can allow you to make the necessary changes before leaving the workforce for good. Our Retirement Expense and Income calculator detects those areas that need improvement by assessing your current and future expenses, along with a proposed solution based on any retirement income gaps.

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When do I take social security?

Social security is a foundational part of your retirement income plan and deciding when to start collecting monthly benefits is an important decision. Our Social security calculator, powered by Envestnet MoneyGuide, is designed to help make the decision easier.

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What are the differences between a taxable investment and a tax-deferred annuity?

Tax-deferral can have a dramatic effect on the accumulation and withdrawal amounts of an investment. This analysis will help to compare the accumulation values and after-tax withdrawals of an investment subject to income tax each year versus deferring the tax until withdrawals occur.

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What are the tax advantages of an annuity?

Deposits into an annuity are tax-deferred, which can have a dramatic effect on the growth of an investment. Use this calculator to compare the tax advantages of purchasing an annuity versus an investment account where the interest is taxed each year.

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How can tax deferral help with 1040 form inefficiencies?

Finding tax inefficiencies based on your prior-year tax return may help identify opportunities for growth. A financial professional can showcase inefficiencies within different sections of your 1040 IRS form. Tax deferral through an annuity may also help with these inefficiencies.

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Additional resources

^*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

Annuities are issued by Jackson National Life Insurance Company^® (Home Office: Lansing, Michigan) or in New York by Jackson National Life Insurance Company of New York^® (Home Office: Purchase, New York). Variable annuities are distributed by Jackson National Life Distributors LLC, member FINRA. May not be available in all states and state variations may apply. These products have limitations and restrictions. Contact Jackson for more information.

Jackson^® and its affiliates do not provide legal, tax or estate-planning advice. For questions about a specific situation, please consult a qualified advisor.

Jackson is not affiliated with Envestnet MoneyGuide.

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