The Prudential IncomeFlex Target® Fund

The AHRP offers you a valuable retirement planning innovation called the Prudential IncomeFlex Target Vanguard Balanced Index Fund, the portfolio within the Prudential Retirement Security Annuity V.

This investment option is a simple solution with:

  • Guaranteed lifetime income1
  • Sustained potential for growth
  • Downside protection for retirement income
  • Complete access to your market value2

Investing in the Prudential IncomeFlex Target Fund is a powerful investment strategy that can help provide the income preservation you want, with the opportunity for growth that you need to keep pace with inflation.

1Guarantees are based on the claims-paying ability of Prudential Retirement Insurance and Annuity Company (PRIAC), Hartford, CT and are subject to certain limitations, terms, and conditions. In exchange for the guarantee, there is an additional fee of 1.20% for the Prudential IncomeFlex Target Vanguard Balanced Index Fund.
2Withdrawals or transfers out of the Prudential IncomeFlex Target Vanguard Balanced Index Fund 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 and may even eliminate them.

How to Take Advantage of the Prudential IncomeFlex Target Fund

Review your current investment strategy to determine if you need to make a change. To direct future contributions or transfer current assets into a new option like the Prudential IncomeFlex Target Fund, log on to your account. Next, if you want to:

  • Adjust Existing Account Balances: Complete a Fund Transfer by selecting Change Investments from the Savings and Retirement fly-out menu, and then select Transfer Money From Fund(s) to Fund(s).
  • Adjust Your Future Contributions: Select Change Investments from the Savings and Retirement fly-out menu, and then select Change My Future Investments.

For more information on the Prudential IncomeFlex Target Vanguard Balanced Index Fund, you can read the Important Considerations, and view the IncomeFlex Target brochure.

Contributions to 403(b) plans, including earnings thereon, generally may not be withdrawn before age 59½, severance from employment, death, or disability. Withdrawals are also subject to the terms of the plan.

The Prudential Retirement Security Annuity V is a variable annuity issued by Prudential Retirement Insurance and Annuity Company (PRIAC), Hartford, CT and distributed by Prudential Investment Management Services LLC, Newark, NJ (Member SIPC). Both are Prudential Financial companies, and each is solely responsible for its financial condition and contractual obligations. Prudential IncomeFlex Target is a variable investment option offered under the annuity. The principal value of the portfolio is not guaranteed at any time. Contract form #GA-2020-IA-TGWB-0805-ADV and GA-2060-IA-TGWB-0805-ADV or state variation.

Annuity contracts contain exclusions, limitations, reductions of benefits, and terms for keeping them in force.

Variable annuities are suitable for long-term investing, particularly retirement savings.

You should consider the objectives, risks, charges, and expenses of this product and guarantee features before purchasing this product. Guarantees are based on the claims-paying ability of the insurance company.

For this and other information, please access the participant Web site or call 1-800-730-AHRP (1-800-730-2477) for a copy of the Prudential Retirement Security Annuity V prospectus before investing.

Before electing the Spousal Benefit (if available) on behalf of any beneficiary not recognized as your spouse under federal law (for example, a civil union partner recognized under applicable state law), be aware that provisions of the plan or federal law might prevent, limit, or otherwise affect the ability of the beneficiary to receive all or a portion of the Spousal Benefit.