Prudential
Prudential Retirement

Overview

Prudential IncomeFlex Target® is an innovation for plans that provides participants:

  • Guaranteed lifetime income*
  • Sustained potential for growth
  • Downside market protection for retirement income
  • Complete access to their market value**

IncomeFlex Target helps participants accumulate assets in the journey to retirement and convert those assets into guaranteed income. To do this, it tracks two key values—Market Value and Income Base. A participant's Market Value is a daily value that rises and falls based on fund performance. If permitted by the terms of the retirement plan, the Market Value can be passed on to beneficiaries.

The innovative guarantees of IncomeFlex Target can be combined with a wide range of underlying investments and investment programs:



The values of guarantees in retirement

In an interview with Stephen Moylan, Online Publisher for Asset International, Sri Reddy dissects and quantifies the value of guarantees in retirement and illustrates how they drive optimal participant behavior in retirement.



Learn about the IncomeFlex guarantees

Watch four videos that explain the features of Prudential IncomeFlex in easy-to-understand language. The videos answer the questions, "What is Prudential IncomeFlex Target?"; "How Does IncomeFlex Work?" and "How Do I Receive Guaranteed Lifetime Income?", as well as answers to other common questions.

 

Hear what Prudential IncomeFlex participants say

Listen to actual defined contribution plan participants describe their unique experiences considering the important role of guaranteed retirement income in their financial futures. Having experienced the performance of Prudential IncomeFlex in real life, learn how they feel about their decisions to help bring more certainty and security to their retirement years.

 

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* Guarantees are based on the claims-paying ability of the insurance company and are subject to certain limitations, terms, and conditions.
** Withdrawals or transfers (other than transfers between IncomeFlex Target Funds) proportionately reduce guaranteed values prior to locking in. After lock-in, withdrawals in excess of the lifetime annual withdrawal amount will reduce future guaranteed withdrawals proportionately.

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For informational or educational purposes only. This material is not intended as advice or recommendation about investing or managing your retirement savings. By sharing it, Prudential Retirement is not acting as your fiduciary as defined by the Department of Labor's Fiduciary rule or otherwise. If you need investment advice, please consult with a qualified professional.

Guarantees are based on the claims-paying ability of the insurance company and are subject to certain limitations, terms and conditions. Withdrawals or transfers (other than transfers between IncomeFlex Target Funds) proportionately reduce guaranteed values prior to locking-in. After lock-in, withdrawals in excess of the lifetime annual withdrawal amount will reduce future guaranteed withdrawals proportionately.

GoalMaker’s model allocations are based on generally accepted financial theories that take into account the historic returns of different asset classes. But, of course, past performance of any investment does not guarantee future results. Participants should consider their other assets, income and investments (e.g. equity in a home, Social Security benefits, individual retirement plan investments, etc.) in addition to their interest in the plan, to the extent those items are not taken into account in the model. Participants should also periodically reassess their GoalMaker investments to make sure their model portfolio continues to correspond to their changing attitudes and retirement time horizon.