Jackson launches Tax Deferral Calculator

New tool helps financial professionals illustrate value of tax deferral and impact on client portfolios
BusinessWireDecember 8, 20234 min

Jackson National Life Insurance Company (Jackson®), the main operating subsidiary of Jackson Financial Inc.1 ,announced it has launched a proprietary tax deferral calculator available to financial professionals and their clients on Jackson.com. The new tool complements Jackson’s robust suite of online financial planning tools, including its Social Security and retirement expense and income calculators. The tax deferral calculator was developed in partnership with FinMason, Inc. (FinMason), a leading financial technology, investment data and analytics firm, to help financial professionals fully illustrate the benefit of tax-deferred growth across key financial planning lifecycle stages, including accumulation, distribution and legacy.

“Tax deferral is a key aspect of financial planning that can have a dramatic effect on the accumulation and withdrawal amounts of an investment,” said Tim Munsie, Head of RIA, Platform Distribution and Planning for Jackson National Life Distributors LLC, the marketing and distribution business of Jackson. “Using Jackson’s new tax deferral calculator, financial professionals can show their clients how placing tax-inefficient investments into tax-advantaged accounts can keep more of their money invested for the long term.”

Jackson’s new tax deferral calculator enables users to compare the accumulation values and after-tax withdrawals of an investment taxed annually versus deferring the tax until withdrawals occur, as is common with tax-deferred annuities. Additionally, the tool allows users to illustrate scenarios for individuals, couples and trusts based on their unique tax needs. One of the key features of the new tool is its ability to customize the components of the tax deferral journey in various life stages in a digestible, easy-to-understand plan that can help illustrate potential impacts on a client’s portfolio.

“We’ve enjoyed working with the Jackson team to incorporate our Application Programming Interface (API) into their new tax deferral tool, providing a customized implementation of our lightning-fast, 10,000 iteration Monte-Carlo simulation and our detailed tax-impact calculations,” said Philip Taylor, CFA, President and Chief Analytics Officer, FinMason. “With the support of our institutional-grade investment analytics, we’re pleased to deliver an enhanced resource that enables financial professionals to craft individualized, comprehensive retirement planning strategies for their clients.”

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