News Column

Prudential-July is National Retirement Planning Month:

July 15, 2014

ENP Newswire - 15 July 2014

Release date- 14072014 - 'Those who defer their investment taxes the longest are better off'.

After filing their 2013 tax returns, many Americans realized how much more they paid in taxes compared to years past. And for many, the biggest tax increase was on their investment income.

'Unfortunately, it's not just a one-year concern,' says Brandon Buckingham, vice president of Advanced Marketing for Prudential Annuities. 'Capital gains, dividends and interest can erode a portfolio's future returns on an annual basis. But most people don't think about how taxes could also affect their long-term investment goals.'

The recent tax increases may compel Americans to look for more tax-efficient ways to invest, and the tax-deferred benefits of a product like a variable annuity may become increasingly more attractive, according to Buckingham. 'The fundamental value of tax deferral is simple: Generally, the longer you defer the tax obligation and keep money invested, the better,' he says. 'When it comes to retirement planning, those who end up with as much after-tax money as possible are better off.'

Want to speak to Brandon? Contact Lisa Bennett.

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

Prudential Annuities and its distributors and representatives do not provide tax, accounting, or legal advice. Please consult your own attorney or accountant

A variable annuity is a long-term investment designed for retirement purposes. Investment returns and the principal value of an investment will fluctuate so that an investor's units, when redeemed, may be worth more or less than the original investment. Withdrawals or surrenders may be subject to contingent deferred sales charges. Withdrawals and distributions of taxable amounts are subject to ordinary income tax and, if made prior to age 591/2, may be subject to an additional 10% federal income tax penalty, sometimes referred to as an additional income tax. Withdrawals, other than from IRAs or employer retirement plans, are deemed to be gains out first for tax purposes. Withdrawals reduce the account value and the living and/or death benefits.

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 prospectus, which can be obtained on the prospectus page or from your financial professional. Please read the prospectus carefully before investing.

Annuities are issued by Pruco Life Insurance Company (in New York, by Pruco Life Insurance Company of New Jersey), Newark, NJ (main office) and 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 of Prudential Financial, Inc.



Lisa M. Bennett

phone: 973-802-2894

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: ENP Newswire

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