An annuity is a contract with an insurance company that can guarantee income for your retirement years. In an optimal portfolio that’s part of a retirement plan, you’ll have the benefit of an array of savings and investment strategies. 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. Please read the prospectus carefully before investing or sending money. Variable annuities are long-term investment vehicles that involve certain risks, including possible loss of the principal amount invested. GIAC is a wholly owned subsidiary of The Guardian Life Insurance Company of America (Guardian). After you provide us with a single, lump-sum payment, we’ll distribute income to you based on a schedule you decide (for a select period or for life). Annuities are issued by The Guardian Insurance & Annuity Company, Inc. (GIAC), a Delaware corporation. The investment return and principal value may fluctuate so that the investment, when redeemed, may be worth more or less than the original cost. Current tax law is subject to interpretation and legislative change. Opt to renew. You should know that interest is withdrawn first before premium and any withdrawal of interest is subject to ordinary income tax, and may be subject to a 10% penalty tax if withdrawn before you have attained the age of 59½. After the first year, you can convert the amount in the annuity into a guaranteed stream of fixed income for a specified period of time, or even for the rest of your life, if you choose. You can contribute to an annuity as part of your retirement strategy alongside any contributions you make to a 401k, IRA, or pension. 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. This material is intended for general public use. PAS is a wholly owned subsidiary of Guardian. View important VPT documents such as prospectuses, reports, and the SAI. All rights reserved. (800) 221-3253. Annuities are an additional way to plan for your future, along with an IRA, 401(k), or pension. The interest you earn during the life of your annuity grows tax-deferred, which means you don’t pay taxes on the interest until you withdraw it. PAS is a wholly owned subsidiary of Guardian. Park Avenue Securities Annuity Disclosures: https://www.parkavenuesecurities.com/legal/annuities-disclosure, Guarantee an income during your retirement. Entities or persons distributing this information are not authorized to give tax or legal advice. 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. If you’ve been looking at retirement possibilities, you may have asked yourself: how does a variable annuity work? Fixed and variable annuities are great options for people thinking about their long-term retirement (10-20 years to retire), while immediate annuities are good for those nearing retirement who want income right away. If taken prior to age 59½, a 10% IRS penalty may also apply. An annuity is a contract that turns your contributions into a steady stream of retirement income. Spend your time focused on the things that really matter—your loved ones, living with a purpose, a happy retirement—knowing you're protected with guaranteed income. Guardian, GIAC, and PAS are located at 10 Hudson Yards, New York, NY 10001. 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). Login & Register Help me: Select an option Forms & Claims Find a Provider Need language assistance Guardian Anytime: Employee benefits through my employer or broker A charge of up to 7% may apply to withdrawals. This may provide a tax advantage, especially if you begin to make withdrawals when you’re in a lower tax bracket. (800) 221-3253. A variable annuity allows you to accumulate tax-deferred savings and then, during the payout period, provides you with the option to start receiving regular payments year after year for your lifetime, or for a specific time period. Whether it has a fixed rate, enables you to invest in the market, or only requires one payment for you to start getting guaranteed income, the right annuity for you depends on your retirement goals. Individuals are encouraged to seek specific advice from their personal tax or legal counsel. Individual variable annuities are distributed by Park Avenue Securities LLC (PAS). Guaranteed income. But in prepping for retirement, reliability may be more appealing to you. Please contact your investment professional or call 800.221.3253 for a prospectus, which contains this and other important information. Variable annuities and their underlying variable investment options are sold by prospectus only. Pay in and accumulate money now while you’re earning a salary. Compounded growth. This means that you don’t pay taxes until the gains are withdrawn. If taken prior to age 59½, a 10% IRS penalty may also apply. To download a contract or fund prospectus, please click here. Entities or persons distributing this information are not authorized to give tax or legal advice. 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. 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. Tax results and the appropriateness of any product for any specific taxpayer may vary depending on the particular set of facts and circumstances. Tax-deferred growth. Flexible withdrawals. Guardian Fixed Target Annuity SM 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 10 Hudson Yards, New York, NY 10001. Entities or persons distributing this information are not authorized to give tax or legal advice. By the time you are receiving annuity payments, you could be in a lower tax bracket. This information supports the promotion and marketing of this annuity. Confidentiality for domestic violence victims. 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 growth can continue for as long as you hold your annuity (subject to age limits). Current tax law is subject to interpretation and legislative change. Guardian Online Log In. Creating a stream of lifetime guaranteed income, can be a critical component to a retirement strategy.