Prudential
 
Prudential's Six Tips for Creating and Keeping Retirement Income
  • Put your principal to work.
    Individuals who retire from their primary job may still need to build their income. They can do so by keeping a long-term horizon in mind and investing in the new generation of retirement income products that guarantee a minimum annual return for a period of time and give them a measure of flexibility over their income. 

  • Come to terms with market swings.
    The stock market has demonstrated one thing consistently—it is never predictable. New product innovations allow retirees to take advantage of potential market upswings and shield their income from the inevitable downturns.

  • Receive Retirment Income for life.  
    Seventy percent of older workers—those between the ages of 55 and 64—welcome the new options that convert their assets into a guaranteed lifetime income stream1. The new generation of retirees now has choices of innovative products to help create a steady source of retirement income. Some of these products come with built-in guarantees, so retirees do not need to worry about outliving their retirement income stream. In addition, they can retain a measure of control over their money, while receiving the guaranteed lifetime income. Of course, guarantees are backed by the claims-paying ability of the issuing company.

  • Maintain control and access to their retirement savings. 
    Most individuals want to maintain control over their savings, and have the ability to access it for the proverbial “rainy day.”  Many also want their heirs to receive the benefits remaining in their account at death. The new product solutions available to individuals and to workers through their workplace benefit programs allow greater flexibility and access to funds.

  • Consider delaying Social Security Benefits. 
    Individuals can claim Social Security retirement benefits as early as age 62 or as late as age 70. The longer they wait to claim these benefits, the higher their monthly benefits will be.2

  • Be tax smart in taking asset distributions.
    When considering how to make retirement assets last as long as possible, individuals must consider the tax liabilities inherent in their assets and how to best manage the unlocking of those tax liabilities over time.3

1Source: Prudential Retirement’s 2006 Workplace Report on Retirement Planning
2 Source: Prudential Financial, Innovative Strategies to Help Maximize Social Security Benefits, April 2006
3 Source:  Prudential Financial, Tax Wise Retirement Distribution Planning, white paper, April 2006

 

Investors should consider the contract and the underlying portfolios' investment objectives, risks, charges and expenses carefully before investing. This and other important information is contained in the prospectuses, which can be obtained by contacting your financial professional. Please read the prospectuses carefully before investing.

Prudential Financial, 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. Please consult your own independent advisor as to any tax, accounting or legal statements made herein.

Tax deferral is already provided by a qualified plan, such as a 401(k). For an additional fee, the annuity provides a guaranteed death benefit and the ability to receive lifetime income.

Asset allocation does not guarantee a profit or protect against loss; however, a properly diversified portfolio can help manage the volatility of your returns and may better position your investments to capture performance as asset classes rotate in favor.

Early withdrawals may be subject to surrender charges. Partial or complete withdrawals of taxable amounts will be subject to ordinary income tax and, if prior to age 59-1/2, may result in an additional 10% federal income tax penalty. Withdrawal from an annuity generally has the effect of reducing the death benefit, any living benefits and cash surrender value.

Payments of guaranteed principal and income, as well as living and death benefit guarantees, are contingent upon the claims-paying ability of the issuing company. Guarantees do not apply to the investment performance or safety of the underlying subaccounts in the variable annuity. Optional living and death benefits are available for an additional fee and may not be available in all states.

Variable annuities are for retirement purposes and are subject to market fluctuation, investment risk and possible loss of principal.

Annuity contracts contain exclusions, limitations, reductions of benefits and terms for keeping them in force. Your licensed financial professional can provide you with costs and complete details.

Annuities are issued by Pruco Life Insurance Company (in New York, by Pruco Life Insurance Company of New Jersey), Newark, NJ, or by Prudential Annuities Life Assurance Corporation, Shelton, CT. All are distributed by Prudential Annuities Distributors, Inc., Shelton, CT. All are Prudential Financial companies and each is solely responsible for its own financial condition and contractual obligations. Prudential Annuities is a business unit of Prudential Financial. Prudential, Prudential Financial, the Rock logo, Growing and Protecting Your Wealth, The Retirement Red Zone® , and Investing for the Time of Your Life are service marks of The Prudential Insurance Company of America and it affiliates.

0162954-00004-00 Ed. 10/2009