Lifetime Income Funds

Manage your retirement investments and income at the same time.

Lifetime income funds, such as those that provide a guaranteed minimal withdrawal benefit, are generally annuity products that provide lifetime income based on assets an individual has accumulated.

  • They typically allow an investor to lock in a guaranteed income stream for life, including for the life of a surviving spouse, that is protected against market downturns yet has the potential to increase due to positive fund performance.
  • Investors always have access to the fund's market value and, upon death, beneficiaries have access to any remaining balance. While excess withdrawals may reduce or terminate the fund's guarantees, investors have flexibility versus more traditional annuity products;
  • Lifetime income funds may be used to bridge the gap between pension and Social Security income and ongoing expenses in retirement, or as a source of lifetime income for those without a pension. They are generally designed for individuals within 10-15 years of retirement or who have recently retired and need additional ongoing lifetime income. Older individuals who wish to provide for a surviving spouse may also be interested in the funds' spousal benefits.

The MissionSquare Retirement IncomeAdvantage Fund is a lifetime income fund available to certain 401 and 457 plan investors as an underlying fund of the MSQ Funds. To learn more about the IncomeAdvantage Fund - including its availability in your plan and fees and restrictions - log in to your account. Or, for general information, view the IncomeAdvantage Fund brochure.

Prudential Retirement Insurance and Annuity Company (Prudential), CA COA #08003, Hartford, CT. Neither Prudential nor MissionSquare Retirement guarantees the investment performance or return on contributions to Prudential's Separate Account. You should carefully consider the objectives, risks, charges, expenses and underlying guarantee features before purchasing this product. Prudential may increase the Guarantee Fee in the future, from 1.00% up to a maximum of 1.50%. Like all variable investments, this Fund may lose value. Availability and terms may vary by jurisdiction; subject to regulatory approvals. Annuity contracts contain exclusions, limitations, reductions of benefits and terms for keeping them in force. Guarantees are based on Prudential's claims-paying ability. This annuity is issued under Contract form # GA-2020-TGWB4-0805-RC. MissionSquare Retirement provides recordkeeping services to your Plan and is the investment manager of the underlying Prudential separate account. Prudential or its affiliates may compensate MissionSquare Retirement for providing these and related administrative services in connection with the Fund. Variable annuities are suitable for long-term investing, particularly retirement savings. ©2015 Prudential, the Prudential logo, and the Rock symbol and Bring Your Challenges are service marks of the Prudential Insurance Company of America, Newark, NJ, and its related entities, registered in many jurisdictions worldwide. Note: Participants who are interested in the VT Retirement IncomeAdvantage Fund must first receive and read the VT Retirement IncomeAdvantage Fund Important Considerations document, before investing.

Investors should carefully consider their own investment goals, risk tolerance and liquidity needs before making an investment decision. Investing involves risk, including possible loss of the amount invested. The Funds’ offering and disclosure documents include a complete summary of all fees, expenses, financial highlights, investment objectives and strategies, and risks, and should be carefully reviewed before investing. This information is available when you log in at, or upon request by calling (800) 669-7400.

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