This information is reported on the 4th Quarter Statement. For Jointly owned contracts, if the surviving owner is not the beneficiary, the surviving owner will receive the tax reporting, however, the beneficiary will receive the proceeds. You will generally be eligible for a Termination Withdrawal once you are separated from the employer sponsoring the plan, regardless of age. Your plan may have more specific criteria, including limits on the number of distributions allowed during each year. After-tax contributions are taxable to you in the year contributed, but income taxes on the earnings are deferred until the money is distributed from the plan. However, based on federal and state tax laws, there are some situations where you may not opt out of withholding. If you are looking for an affiliate of Prudential Financial, Inc, whose principal place of business is in the United States . The company just announced its latest . Suggestions may appear below after you type 3 letters. Under normal circumstances a beneficiary is responsible for the income tax on the death benefit they receive. Our resources, financial strength and stability allow us to honor long-term commitments to employers and employees alike. Log in to your account and click on the Documents tab to view the transaction confirmation. To see if these contribution types are available under your plan, log inOpens in new window and select Change Contributions under Your Retirement Account on the homepage. Visit www.Prudential.com. Market volatility, understandably, can make customers with variable annuities feel uneasy. If youve reviewed the information available online and have additional questions, consider scheduling a virtual 1:1 with a retirement counselor to understand your options. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). Remember to have your policy numbers handy when you call. Prudential competitors include MetLife, Progressive Insurance, Personal Capital, Allstate and AIG. If the annuitant and owner are different, tax reporting is to the owner. If youve left your employer, our retirement counselors may be able to help you evaluate your financial options. This information is also reported to the IRS. Help & Support FAQ | Prudential Financial This website is for U.S. persons Opens in a new window only and may not be approved in all states.

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