Choosing Investments for your Annuity Fund- How to Use GoalMaker

January 15, 2018

Choosing your investment mix is one of the most important steps you can take to help yourself prepare for retirement. That’s why through Prudential, the New York City District Council of Carpenters (“NYCDCC”) Annuity Fund offers GoalMaker^®, an easy-to-use asset allocation program available to you at no additional cost.

GoalMaker can help you take the guesswork out of choosing investment options in the Annuity Fund. Based on your years until retirement and your investor style, you can choose between one of 12 portfolios made up of investment options in the Plan. The percentage allocations by asset class were developed by Morningstar Associates LLC, a respected industry leader.

If you enroll in GoalMaker, your account will be rebalanced on a quarterly basis to ensure that it matches your original allocation. If you choose the optional Age Adjustment feature, your allocations will shift over time to match the portfolio that is appropriate for the number of years you have left to retirement. Portfolios gradually become more conservative as members near retirement to help protect assets already accumulated.

GoalMaker accounts are fully accessible to assure you maintain flexibility and control. There are no surrender charges and members can change their GoalMaker portfolios or opt out of the program at any time.

How to learn more

You can access your Annuity Fund account by going to nyccbf.org. From there, scroll over the “Member” tab and click the “Annuity” link. Once there, you will see the link to Prudential’s custom website for NYCDCC Annuity Fund participants on the right side of the screen. Upon clicking that link, you will be redirected to the website, which will allow you access to your personal account and other helpful retirement planning tools and resources. Click the “Access Your Account” link to log in. *Please note that your login information for Prudential is different from what you use for the NYCDCC Benefit Funds’ website.

After you enter your username and password, click on the Plan name to go to the Account Details page. On the left-hand side of the page, click the “Transfers” link if you would like to reallocate your current holdings on your own, or click “GoalMaker” if you would like to use the automatic allocation program.

Keep in mind that an asset allocation strategy does not ensure safety of principal. It is always possible to lose money while investing in securities, even if you have done your best to choose an asset allocation model that matches your situation.

If you have specific questions or need more information about the NYCDCC Annuity Fund, please call Prudential Retirement^® at (877) PRU-2100 (877-778-2100). Representatives are available weekdays from 8 a.m. to 9 p.m. ET.

For general questions about your Annuity Fund, you can call our Member Services Department at (800) 529-3863 (FUND).

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.

GoalMaker is an optional tool and available at no additional cost. GoalMaker’s model allocations are based on generally accepted financial theories that take into account the historic returns of different asset classes. Past performance of any investment does not guarantee future results. Prudential Financial encourages participants to consider their other assets, income and investments when enrolling in the GoalMaker program. We also recommend participants periodically reassess their GoalMaker investments to make sure their model portfolio continues to correspond to their changing attitudes and retirement time horizon.

Morningstar Associates is a registered investment advisor and wholly owned subsidiary of Morningstar, Inc. Morningstar Associates provides consulting services to Prudential with respect to the GoalMaker model portfolios and in no way acts as an investment advisor to investors of Prudential’s products or services. The GoalMaker model portfolio allocations were developed by Morningstar Associates within a set of guidelines determined by Prudential. The extent to which Morningstar Associates’ recommendations are implemented within the models is at the sole discretion of Prudential. Morningstar Associates is not affiliated with Prudential. The Morningstar name and logo are registered marks of Morningstar, Inc.

Copyright @2017 Morningstar Associates, LLC, All Rights Reserved. The information, data, analyses and opinions contained herein (a) include confidential and proprietary information of Morningstar Associates, LLC, (b) may not be copied or redistributed for any purpose, (c) are provided to Prudential solely for Prudential’s use or the use of Prudential’s authorized agents and contractors, and (d) are not warranted or represented to be correct, complete, accurate or timely.

Keep in mind that application of asset allocation and diversification concepts does not assure a profit or protect against loss in a declining market. You can lose money by investing in securities.

Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company (PRIAC), Hartford, CT or its affiliates. PRIAC is a Prudential Financial company.

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