Make sure youre getting your full employer match. Its California Certificate of Authority number is 6992. TIAA-CREF Individual & Institutional Services, LLC, MemberFINRAOpens in a new windowandSIPCOpens in a new window, distributes securities products. Please read the prospectus for information about the TIAA-CREF Investment Horizon Annuity by going to TIAA.org/prospectuses. Two 67-year-old participants each elected a single-life annuity with a 10-year guarantee period. No problem-our advisors can help explain your options. Please consult your tax or legal advisor to address your specific circumstances. TIAA Stable Value form series SV-01 and SV-02; TIAA certificate series - SV-CERT1 and SV-CERT2. The general account is distinguished by financial strength, a highly diversified portfolio, a long-term investment time horizon and economies of scale. Consumer and commercial deposit and lending products and services are provided by TIAA Bank, a division of TIAA, FSB. TIAA Traditional offers clients the security to know their retirement savings are protected and guaranteed to increase every single day during accumulationeven in the most volatile markets. Decide how much you want to put in your annuityyou can make contributions over time or all at once. {{this year}} and prior years, Teachers Insurance and Annuity Association of America - College Retirement Equities Fund, New York, NY 10017, Opens in new window, need to login to access the page, Opens pdf. This unique structure and heritage enables a pure focus on serving its plan clients and their employee participants. TIAA is a leading provider of secure retirements and outcome-focused investment solutions to millions of people and thousands of institutions. TIAA Traditional and TIAA Stable Value are issued by Teachers Insurance and Annuity Association of America (TIAA), New York, NY. These contracts are designed for retirement or other long-term goals, and offer a variety of income options, including lifetime income. The new contributor transferred the same final accumulation as the career contributor to TIAA Traditional shortly before selecting lifetime income. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Refer to the contract section below for more details. Media@TIAA.orgOpens Email. x Not all contracts are available in all states or currently issued. Contract holders and plan participants do not participate in, and do not receive the earnings of, the assets in the separate account. Its California Certificate of Authority number is 3092. Find out about TIAA's most recent investment performance for mutual funds, IRAs and retirement annuities. TIAA Bank's client service is available 7 days a week, so you can rest assured that well be around when you need us. TIAA Stable Value may not be available under the terms of your employer's plan. Although the liability to provide contract guarantees and accumulations is backed by the assets in the . This rise in rates follows TIAA Traditional increasing lifetime income benefits for retirees by 3% for 2023. Investment decisions should be made based on the investors own objectives and circumstances. Payments from the variable annuity accounts are not guaranteed and will rise and fall based on investment performance. [i] All told, TIAA has paid more than $505 billion in benefits since 1918, the year TIAA was founded and 17 years before Social Security began. Call 800-842-2252 or visit us in person at the nearest location. Their biggest advantage was 29.8 percent and their smallest advantage was 12.8 percent. Their biggest advantage was 29.8% and their smallest advantage was 17.1%. Each is solely responsible for its own financial condition and contractual obligations. Learn more today Its California Certificate of Authority number is 3092. This additional amount is not guaranteed other than during the period that it is declared by the Board. Each is solely responsible for its own financial condition and contractual obligations. Compare the differences in investment options, services, fees and expenses, withdrawal options, required minimum distributions, other plan features, and tax treatment. Speak with a TIAA-CREF Consultant and your tax advisor regarding your situation. As your personal circumstances change over time, you may want to review and update your income mix to stay in line with your long-term goals. You could also choose a combination of both fixed and variable payments. Member FDIC. Consumer and commercial deposit and lending products and services are provided by TIAA Bank, a division of TIAA, FSB. TIAA-CREF Individual & Institutional Services, LLC, MemberFINRAandSIPC, distributes securities products. The annuities assets in your retirement plan are in a product, or contract, that your employer has chosen for the plan. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. TIAA Traditional provides guaranteed growth for a portion of your retirement savings**. The chart also reflects any post-retirement increases in lifetime income, also as a result returning these excess profits. xii As of December 31, 2022 assets under management across Nuveen Investments affiliates and TIAA investment management teams are $1,212 billion. TIAA Traditional is a fixed annuity product issued through these contracts by Teachers Insurance and Annuity Association of America (TIAA), 730 Third Avenue, New York, NY, 10017: Form series including but not limited to: 1000.24; G-1000.4; IGRS-01-84-ACC . 888-200-4062 iiiInterest credited to TIAA Traditional Annuity accumulations includes a guaranteed rate, plus additional amounts as may be established on a year-by-year basis by the TIAA Board of Trustees. "We do this through steady financial stewardship, diverse and sustainable investments and a relentless focus on creating secure retirements for people whose purpose is to serve others.". Read theTIAA-CREF Individual & Institutional Services, LLC, Statement of Financial ConditionOpens pdf. *Guarantees are subject to the claims-paying ability of the issuing insurance company. Read theTIAA-CREF Individual & Institutional Services, LLC, Statement of Financial ConditionOpens pdf. Member FDIC. In general, the value of the TIAA Real Estate Account will fluctuate based on the underlying value of the direct real estate or real estate-related securities in which it invests. TIAA Traditional and TIAA Stable Value are fixed annuity products issued through these contracts by Teachers Insurance and Annuity Association of America (TIAA), 730 Third Avenue, New York, NY, 10017: TIAA Traditional form series including but not limited to: 1000.24; G-1000.4; IGRS-01-84-ACC; IGRSP-01-84-ACC; 6008.8. Teachers Insurance and Annuity Association of America is domiciled in New York, NY, with its principal place of business in New York, NY. SIPC only protects customers' securities and cash held in brokerage accounts. Based on data in PLANSPONSOR's 403(b) 2022 DC Recordkeeping Survey, combined 457 and 403(b) data. Actual percentage is 93.15%.TIAA-CREF mutual fund and CREF variable annuity products are subject to various fees and expenses, including but not limited to management, administrative, and distribution fees; our variable annuity products have an additional mortality and expense risk charge. In addition to the flexibility built in to TIAA's income options, you even have some flexibility once you convert assets to a stream of income. Equal Housing Lender. 3The TIAA Real Estate Account is truly diversified within the larger asset class of commercial real estate. We reserve the right to limit premiums to no more than $1,000,000 in a calendar year. Past performance is no guarantee of future results. Visit the redesigned Investment Finder to browse pre-defined categories and compare with advanced filtering. his material is for informational or educational purposes only and does not constitute fiduciary investment advice under ERISA, a securities recommendation under all securities laws, or an insurance product recommendation under state insurance laws or regulations. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Call us at877-554-8282to speak with an annuity representative. 1 not-for-profit retirement market provider,ivpaid more than $3.6 billion to retired clients in 2020 and has $1.3 trillion in assets under management (as of 9/30/2021).vii, Learn moreabout TIAA It can be reassuring to know that your retirement savings are protected and guaranteed to increase every single day even in the choppiest markets.i Every decision we make is driven by our mission to provide more secure retirement outcomes for our participants., TIAA has credited interest above the guaranteed minimum every year since 1948.ii, iii, In addition, TIAA Traditional has paid more in lifetime income to retired clients than its contractually guaranteed minimum amounts every year since 1949, providing clients who choose to annuitizeiv with a solid foundation of steady, guaranteed lifetime income payments regardless of market conditions.v. Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value. Not all contracts are available in all states or currently issued. x For its stability, claims-paying ability and overall financial strength, Teachers Insurance and Annuity Association of America (TIAA) is a member of one of only three insurance groups in the United States to currently hold the highest rating available to U.S. insurers from three of the four leading insurance company rating agencies: A.M. Best (A++ as of 7/22), Fitch (AAA as of 10/22) and Standard & Poor's (AA+ as of 9/22), and the second highest possible rating from Moodys Investors Service (Aa1 as of 6/22). Its California Certificate of Authority number is 3092. Contract Forms: TIAA Stable Value TIAA Contract form series SV-01 and SV-02, TIAA Certificate series SV-CERT1 and SV-CERT2. "Our promise to our participants and annuitants is simply this: We will always stay true to ourmissionand always strive to enhance our investment capabilities supporting TIAA Traditional, including our premier global asset manager Nuveen, so that the people we serve can enjoy the financial security and confidence of guaranteed lifetime income no matter how long their retirement lasts," said Duckett. Each is solely responsible for its own financial condition and contractual obligations. Pursue better outcomes with a long term plan. Teachers Insurance and Annuity Association of America is domiciled in New York, NY, with its principal place of business in New York, NY. The TIAA-CREF Investment Horizon Annuity (contract form series TCL-MVA1), is issued by TIAA Life Insurance Company, 730 Third Avenue, New York NY 10017. This can give you the flexibility to adapt your income plan as your needs change over time. TIAA has increased rates due to its disciplined approach to managing the TIAA General AccountOpens pdf, which backs TIAA Traditional and invests in a broadly diversified portfolio that enables long-term, competitive returns. As you prepare for the future, you may want to consider including a combination of annuities in your income plan. TIAA Traditional plays a vital role in a diversified income strategy that includes Social Security and income from variable investments and offers the peace of mind that comes with guaranteed income. The additional amounts, when declared, remain in effect through the "declaration year", which begins each March 1 for accumulating annuities and January 1 for payout annuities. This guaranteed annuity contract is not considered an "investment" or "security" under federal securities laws. It's free and will improve your experience. ix Based on a study that compared the amount of initial lifetime income that would have been received by two hypothetical participants beginning lifetime income, for each of the 301 months from January 1, 1997, through January 1, 2022. Guarantees of fixed monthly payments are only associated with TIAA's fixed annuities. For a more complete discussion of these and other risks, please consult the prospectus. Teachers Insurance and Annuity Association of America is domiciled in New York, NY, with its principal place of business in New York, NY. 1 See the prospectus for details on charges, restrictions and limitations. You can convert portions of your assets at different times some now, some later determine the frequency and/or amount of your payments, and you can combine different income options to suit your unique needs. automatically this yearand prior years, Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, New York, NY 10017, Opens in new window, need to login to access the page, Important information about TIAA-CREF Investment Horizon Annuity Opens dialog, See the prospectus for details on charges, restrictions and limitations, Not available in these states: Illinois, Indiana, North Dakota, Oregon, Washington, A.M. Best (A++ as of 7/20) , Fitch (AAA as of 4/20) and Standard & Poor's (AA+ as of 8/20), Moodys Investors Service (Aa1 as of 9/20), Check the background of this firm on FINRAs BrokerCheck, FINRA Manual and other related FINRA information, Do not sell/share my personal information, Confidentiality for victims of domestic violence, TIAA-CREF Individual & Institutional Services, LLC, Statement of Financial Condition, Set up a guaranteed income stream for life or take out a lump sum of cash, Freedom to invest or withdraw funds as needed, Option to receive guaranteed income for life. v TIAA may share profits with TIAA Traditional Annuity owners through declared additional amounts of interest and through increases in annuity income throughout retirement. vii TIAA may provide a loyalty bonus that is only available when electing lifetime income. Investment insurance and annuity products are not FDIC insured, are not bank guaranteed, are not bank deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value. Additional $180 Million to Retirees is Largest Boost in 40 Years and Demonstrates Commitment to Creating Successful Retirement Outcomes. Diversification is a technique to help reduce risk. vi Converting some or all of your savings to income benefits (referred to as "annuitization") is a permanent decision. TIAA does not endorse or recommend the products, services, or information found on any third-party site. Contract fees are described in the annuity contract and are collected on a daily basis. Teachers Insurance and Annuity Association of America is domiciled in New York, NY, with its principal place of business in New York, NY. Not available in these states: Illinois, Indiana, North Dakota, Oregon, Washington. Consumer and commercial deposit and lending products and services are provided by TIAA Bank, a division of TIAA, FSB. View the Retirement Plan Contracts tableOpens dialog to see which flexible income options are available to you. Exchanging your savings for income payments (referred to as annuitization) is a permanent decision and once lifetime income payments has been selected you are unable to change to another option. Guarantees of fixed monthly payments are only associated with TIAA's fixed annuities. Please consult your tax or legal advisor to address your specific circumstances. Not all contracts are available in all states or currently issued. TIAA-CREF Life Insurance Company is domiciled in New York, NY, with its principal place of business in New York, NY. Fitch Affirms TIAA's Ratings; Outlook Stable. The additional amounts, when declared, remain in effect through the "declaration year", which begins each March 1 for accumulating annuities and January 1 for payout annuities. TIAA will credit a total of $3.4 billion of additional interest above the guaranteed interest rates in 2023, which is $1.1 billion more in shared profits than credited in 2022. Its California Ceritificate of Authority number is 6992. Read theTIAA-CREF Individual & Institutional Services, LLC, Statement of Financial ConditionOpens pdf. Any guarantees under annuities issued by TIAA are subject to TIAAs claims-paying ability. At the end of the time period, decide how you want to receive your income paymentsyou can either get a set payment amount or all your money at once. All guarantees are based upon TIAA Life's claims paying ability. These additional amounts are not guaranteed. Consumer and commercial deposit and lending products and services are provided by TIAA Bank, a division of TIAA, FSB. Investment decisions should be made based on the investors own objectives and circumstances. Learn moreLearn more about Know our Options from TIAAOpens pdf. Investment decisions should be made based on the investors own objectives and circumstances. We can provide you with costs and complete details. Equal Housing Lender. Choose from a variety of income options to suit your needs. The TIAA group of companies does not provide legal or tax advice. In addition, to minimize the negative effects of frequent trading, transfers into TIAA Stable Value may not be made for 30 days following a transfer out. A TIAA Traditional* fixed annuity guarantees that your employees' money will grow at a set rate and provide a consistent lifetime income stream.1. TIAA Bank's client service is available 7 days a week, so you can rest assured that well be around when you need us. The TIAA group of companies does not provide legal or tax advice. Annuity contracts contain exclusions, limitations, reductions of benefits and may contain terms for keeping them in force. Click the browser icon below to get the latest version. TIAA Life has the highest possible rating from three of four agencies.3. TIAA-CREF Life Insurance Company is domiciled in New York, NY, with its principal place of business in New York, NY. When you retire, you can choose to receive income for life and/ or other income options. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Variable in-plan annuities provide lifetime income and also offer the potential for growth and long-term performance. v TIAA Traditional Annuity income benefits include guaranteed amounts plus additional amounts as may be established on a year-by-year basis by the TIAA Board of Trustees. Please consult your tax or legal advisor to address your specific circumstances. Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value. Your financial consultant or advisor can provide you with costs and complete details. The TIAA group of companies does not provide legal or tax advice. TIAA Bank's client service is available 7 days a week, so you can rest assured that well be around when you need us. Your financial consultant or advisor can provide you with costs and complete details. TIAA-CREF Individual & Institutional Services, LLC, MemberFINRAOpens in a new windowandSIPCOpens in a new window, distributes securities products. 1 See the prospectus for details on charges, restrictions and limitations.Fixed annuities are issued by TIAA-CREF Life Insurance Company (TIAA Life). So you can protect yourself and plan for the future. Its California Certificate of Authority number is 3092. The TIAA Traditional fixed annuity has paid more than the guaranteed minimum income payment every year since 1949. Each is solely responsible for its own financial condition and contractual obligations. Read the latestTIAA news. Please consult your tax or legal advisor to address your specific circumstances. Your financial consultant or advisor can provide you with costs and complete details. Please consult your tax or legal advisor to address your specific circumstances. TIAA Traditional is issued through these contracts: Form series 1000.24; G-1000.4 or G-1000.5/G1000.6 or G1000.7; 1200.8; G1250.1; IGRS-01-84-ACC and IGRS-02-ACC; IGRS-CERT2-84-ACC and IGRS-CERT3-ACC;IGRSP-01-84-ACC and IGRSP-02-ACC; IGRSP-CERT2-84-ACC and IGRSP-CERT3-ACC; 6008.8 and 6008.9-ACC; 1000.24-ATRA; 1280.2, 1280.4, or 1280.3 or 1280.5, or G1350. These additional amounts are not guaranteed beyond the period for which they were declared. Additional amounts are not guaranteed for periods other than the period for which they are declared. The career contributors initial lifetime income exceeded the new contributors in all 120 months of the final 10 years, with an average lifetime income advantage of 22.4%. We can provide you with costs and complete details. Each is solely responsible for its own financial condition and contractual obligations. In the studys most recent month, the career contributors initial lifetime income exceeded that of the new contributor by 17.2%. Log in, see if it's available in your TIAA retirement plan, and change future savings in your account. TIAA-CREF Life Insurance Company is domiciled in New York, NY, with its principal place of business in New York, NY. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. The new contributor transferred the same final accumulation as the career contributor toTIAA Traditional shortly before selecting lifetime income. Retirement loans and withdrawalsOpens in a new window. Additional amounts are not guaranteed beyond the period for which they are declared. 16 Dec, 2021, 08:38 ET. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Annuity contracts contain exclusions, limitations, reductions of benefits and may contain terms for keeping them in force. The ratings also do not apply to the safety or the performance of the variable accounts, which will fluctuate in value. It is the No. An investment in REA, when combined with other appropriate investments in different asset classes, can help an investor achieve portfolio diversification. Interest in excess of the guaranteed amount is not guaranteed for periods other than the periods for which it is declared. Don't leave money on the table. Member FDIC. Let your investment grow tax deferred with guaranteed rates. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. SIPC only protects customers' securities and cash held in brokerage accounts. 3Subject to plan rules. TIAA Traditional Annuity interest and income benefits include guaranteed amounts plus additional amounts as may be established on a year-by-year basis by the TIAA Board of Trustees. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. TIAA Life Insurance Company is domiciled in New York, NY with its principal place of business in New York, NY. In addition to the flexibility built in to TIAA's income options, you even have some flexibility once you convert assets to a stream of income. Investment decisions should be made based on the investors own objectives and circumstances. There is no guarantee that current ratings will be maintained. What contract do I have? Combine income options, payment frequencies, and start dates to create a customized income plan. If you are looking for individual services, please visitTIAA.org. In the past 25 years, TIAA has given 15 pay increases. Assets in a variable annuity can be converted to lifetime income or withdrawn as needed for discretionary or unexpected expenses at a later time. Equal Housing Lender. 2 Any guarantees under annuities issued by TIAA are subject to TIAA's claims-paying ability. CREF variable annuities have costs that are among the lowest in the industry.2, A fundamental building block of a diversified investment portfolio that hedges against inflation and stock market volatility.3. Start saving in TIAA Traditional by updating your contribution options online. We can provide you with costs and complete details. "For over 100 years, through up and down markets, TIAA Traditional has helped millions of people build a solid retirement foundation through the creation of lifetime income," said Thasunda Brown Duckett, TIAA President and CEO. Past performance is no guarantee of future results. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Additional amounts are not guaranteed for periods other than the period for which they are declared. TIAA-CREF Individual & Institutional Services, LLC, MemberFINRAOpens in a new windowandSIPCOpens in a new window, distributes securities products. It offers: TIAA is a private company whose mission is to provide retirement security for educators, healthcare workers, researchers, government employees and others in service. This website is intended for institutional retirement plan sponsors and their consultants, registered investment advisers, and other related businesses. Investment decisions should be made based on the investor's own objectives and circumstances. Earnings are predictable with a guaranteed rate. Please note that not all options are available with all plans or contracts. Over the study period, the career contributors initial lifetime income exceeded the new contributors in 291 of the 301 months, with an average lifetime income advantage of 15.1%. Equal Housing Lender. SIPC only protects customers' securities and cash held in brokerage accounts. Some restrictions and fees may apply. TIAA-CREF Life Insurance Company is domiciled in New York, NY, with its principal place of business in New York, NY. Consumer and commercial deposit and lending products and services are provided by TIAA Bank, a division of TIAA, FSB. We can provide you with costs and complete details. The amount of your lifetime income payments can be steady and reliable through a fixed annuity, such as TIAA Traditional, or the lifetime income payments may vary upwards or downwards if you choose one of TIAA's Variable Annuities, giving you the potential for income growth and the ability to keep pace with inflation. Before you log in, please upgrade your browser. Investment decisions should be made based on the investors own objectives and circumstances. Your financial consultant or advisor can provide you with costs and complete details. Based on data in PLANSPONSOR's 403(b) 2022 DC Recordkeeping Survey, combined 457 and 403(b) data. Your financial consultant or advisor can provide you with costs and complete details. Your employer plan with TIAA may consist of annuities, listed here, and/or a wide range of mutual funds. See prospectus for details. So you can feel more confident you'll reach your goals. Once income benefit payments have begun, you are unable to change to another option. We'll estimate the amount you should put into an annuity based on the target income you'd like in the first month of payments. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. *Guarantees are subject to the claims-paying ability of the issuing insurance company. Any guarantees under annuities issued by TIAA are subject to TIAA's claims-paying ability. TIAA Traditional is a fixed annuity product issued through these contracts by Teachers Insurance and Annuity Association of America (TIAA), 730 Third Avenue, New York, NY, 10017: Form series including but not limited to: 1000.24; G-1000.4; IGRS-01-84-ACC; IGRSP-01-84-ACC; 6008.8. Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value. You can determine which contract(s) you have by logging in to your account from tiaa.org and expanding the View Contracts link underneath your plan name. Get advice on weathering market volatility. These additional amounts are not guaranteed beyond the period for which they were declared.
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