America gains a new member to the 60-yearold club every eight seconds, as the baby boomer
generation enters its senior phase. With that in mind, Prudential Retirement, a division of Prudential Financial, introduced Prudential IncomeFlex.

IncomeFlex, a defined-contribution plan, accomplishes the things boomers are going to find vitally important to a secure retirement: lifetime income, the chance to capture market upswings and the flexibility to control fund assets. Participants can select from five investments funds, ranging from aggressive to conservative, and can transfer all or part of their defined-contribution plan assets into the chosen IncomeFlex fund.

At age 65, participants can begin drawing paychecks worth 5 percent of their Income-Flex income base as part of the income-for-life component of the plan. If early retirement is in the books, participants can receive 4 percent of the income base for life starting at age 55.

The plan also guarantees the income base of each participant will grow regardless of market performance. Beginning at age 50 until such time a lifetime paycheck amount is locked in (up to age 70), income bases are guaranteed to grow at an annualized minimum of 5 percent.

For a full account of IncomeFlex, visit www.prudential.com.