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1 See the prospectus for details on charges, restrictions and limitations. 2023 and prior years, Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, New York, NY 10017. TIAA is a leading provider of secure retirements and outcome-focused investment solutions to millions of people and thousands of institutions. Please consult your tax or legal advisor to address your specific circumstances. 888-200-4062 Annuity contracts contain terms for keeping them in force. 1 See the prospectus for details on charges, restrictions and limitations.Fixed annuities are issued by TIAA-CREF Life Insurance Company (TIAA Life). 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. The TIAA group of companies does not provide legal or tax advice. Learn more about TIAA Read theTIAA-CREF Individual & Institutional Services, LLC, Statement of Financial ConditionOpens pdf. 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. Member FDIC. Past performance is no guarantee of future results. This guide will compare TIAA's interest rates to CD rates from the USA's top banks. Teachers Insurance and Annuity Association of America is domiciled in New York, NY, with its principal place of business in New York, NY. Based on data in PLANSPONSOR's 403(b) 2022 DC Recordkeeping Survey, combined 457 and 403(b) data. The general account is distinguished by financial strength, a highly diversified portfolio, a long-term investment time horizon and economies of scale. Equal Housing Lender. Click the browser icon below to get the latest version. 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. The board determines this amount on an annual basis. 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. iii TIAA may share profits with TIAA Traditional Annuity owners through declared additional amounts of interest during accumulation, higher initial annuity lifetime income, and through further increases in annuity income benefits during retirement. TIAA allows you to move your annuitized assets in the following ways This TIAA Traditional Lifetime Income chart reflects two hypothetical participants with equivalent ending account balances of approximately $100,000 that retire at age 65 and select the same single life annuity using TIAAs Standard payout annuity where payments begin on 1/1/98. Investment decisions should be made based on the investors own objectives and circumstances. 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. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. It is the No. TIAA is private company whose mission is to provide retirement security for educators, healthcare workers, researchers, government employees and others in service. Prior to rolling over, consider your other options. Please consult your tax or legal advisor to address your specific circumstances. Equal Housing Lender. 2Based on Morningstar Direct (as of March 31, 2021) expense comparisons by category, excluding Money Market products. Contract holders and plan participants do not participate in, and do not receive the earnings of, the assets in the separate account. Consumer and commercial deposit and lending products and services are provided by TIAA Bank, a division of TIAA, FSB. Past performance is no guarantee of future results. Contract fees are described in the annuity contract and are collected on a daily basis. 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, 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. Fitch Affirms TIAA's Ratings; Outlook Stable. The real estate industry is subject to various risks including fluctuations in underlying property values, expenses and income, and potential environmental liabilities. 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, Learn more about Know our Options from TIAAOpens pdf, 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. The annuities assets in your retirement plan are in a product, or contract, that your employer has chosen for the plan. 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. Diversification is a technique to help reduce risk. We can provide you with costs and complete details. 2023 and prior years, Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, New York, NY 10017. i Rates vary by contract. Annuity contracts may contain terms for keeping them in force. Visit the redesigned Investment Finder to browse pre-defined categories and compare with advanced filtering. ii"Paycheck" is the annuity income received in retirement. Each is solely responsible for its own financial condition and contractual obligations. A variable annuity is an insurance contract and includes underlying investments whose value is tied to market performance. 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. Call the Administrator Telephone Center,888-842-7782, weekdays, 8 a.m. - 8 p.m. (ET). The additional amounts, when declared, remain in effect through the "declaration year", which begins each January 1 for payout annuities. Based on data in PLANSPONSOR's 403(b) 2022 DC Recordkeeping Survey, combined 457 and 403(b) data. The TIAA group of companies does not provide legal or tax advice. Get advice on weathering market volatility. 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. "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.". This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Not all contracts are available in all states or currently issued. ivSource: TIAA Annuity Center of Excellence, 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 334 months from January 1, 1994, through October 1, 2021. Our flagship product, TIAA Traditional, is unlike other fixed annuities in that it has a long history of increasing income payment amounts. TIAA Bank's client service is available 7 days a week, so you can rest assured that well be around when you need us. You can then choose to recalculate the results to assume that you will purchase a variable annuity.The estimated income for the . Past performance is no guarantee of future results. 1TIAA Traditional, a fixed annuity issued by Teachers Insurance and Annuity Association of America (TIAA), New York, NY. The loyalty bonus is provided through increases in annuity income throughout retirement and is only available upon annuitization. Explore more about In-plan annuity advantages, Do not sell/share my personal information, TIAA-CREF Individual & Institutional Services, LLC, Statement of Financial Condition. SIPC only protects customers' securities and cash held in brokerage accounts. Equal Housing Lender. Teachers Insurance and Annuity Association of America is domiciled in New York, NY, with its principal place of business in New York, NY. Media@TIAA.orgOpens Email. As provided for in the annuity contract, restrictions may apply to certain plan sponsor- and/or participant-initiated transactions. TIAA may provide a loyalty bonus based upon the length of time the funds are held in TIAA Traditional. experience for a quick look at where you stand today and simple steps for pursuing your #retirementgoals. The TIAA group of companies does not provide legal or tax advice. Based on data in PLANSPONSOR's 403(b) Market Survey, which published in August 2021. viiAs of September 30, 2021 assets under management across Nuveen Investments affiliates and TIAA investment management teams are $1,331 trillion. 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. Each is solely responsible for its own financial condition and contractual obligations. Investing, Advice, Retirement and Banking | TIAA The additional payout of $180 million to clients of the company's flagship offering will bring the total income paid to retirees in 2022 to $3.6 billion. TIAA Stable Value is not available within an IRA. Teachers Insurance and Annuity Association of America is domiciled in New York, NY, with its principal place of business in New York, NY. This can give you the flexibility to adapt your income plan as your needs change over time. TIAA-CREF Life Insurance Company is domiciled in New York, NY, with its principal place of business in New York, NY. Although the liability to provide contract guarantees and accumulations is backed by the assets in the . Annuity account options are available through contracts issued by TIAA or CREF. TIAA Stable Value may not be available under the terms of your employer's plan. TIAA Traditional is a guaranteed insurance contract and not an investment for federal securities law purposes. The TIAA Traditional fixed annuity has paid more than the guaranteed minimum income payment every year since 1949. Investment decisions should be made based on the investors own objectives and circumstances. Teachers Insurance and Annuity Association of America is domiciled in New York, NY, with its principal place of business in New York, NY. Any guarantees under annuities issued by TIAA are subject to TIAA's claims-paying ability. TIAA accounts enable you to view balances, manage investments, and get advice. 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%. Teachers Insurance and Annuity Association of America is domiciled in New York, NY, with its principal place of business in New York, NY. Your retirement plan may also include mutual funds. This product is not a mutual fund, variable annuity or bank product. 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. Don't leave money on the table. Two 67-year-old participants each elected a single-life annuity with a 10-year guarantee period. These contracts are designed for retirement or other long-term goals, and offer a variety of income options, including lifetime income. 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. Its California Certificate of Authority number is 3092. See what you could be earning. Annuity account options are available through contracts issued by TIAA or CREF. Lifetime annuity payments are provided by TIAA, are subject to TIAA's claims-paying ability, and are not supported by the assets in the separate account. Annuities augment your plan with additional income. In the past 25 years, TIAA has given 15 pay increases. Fitch Affirms TIAA's Ratings; Outlook Stable ix As of July 21, 2022. The annuities in your retirement plan offer a variety of income options, described in this Annuity Options tableOpens dialog. There may also be tax consequences or other penalties associated with the transfer of assets. With a fixed annuity such as TIAA Traditional, you can cover your essential expenses such as housing, utilities and food by converting a portion of your assets to an income you cannot outlive. Find your employer and enroll in your retirement plan online. 3Subject to plan rules. Choose from a variety of income options to suit your needs. TIAA is able to provide these strong rates due, in part, to TIAAs company structure that seeks to share profitsix, with participants. The career contributor made level monthly contributions to TIAA Traditional under the Retirement Annuity Contract over a 30-year career prior to their retirement date. Its California Certificate of Authority number is 6992. The two hypothetical participants are the same age (age 67) and they select asingle-life annuity with a 10-year guarantee period using TIAA's standard payout annuity. TIAA Traditional Income to Increase by 5 percent in 2022 | TIAA TIAA-CREF Individual & Institutional Services, LLC, MemberFINRAOpens in a new windowandSIPCOpens in a new window, distributes securities products. Your financial consultant or advisor can provide you with costs and complete details. TIAA is a mission-based organization that is fundamentally focused on helping our participants retire securely. Any guarantees under annuities issued by TIAA are subject to TIAA's claims-paying ability. TIAA Bank provides money-saving products, including competitive CD rates, checking accounts, and savings accounts. viAs of Dec. 31, 2020. Their biggest advantage was 29.8% and their smallest advantage was 17.1%. See prospectus for details. 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. When markets are up, you have the potential to capture gains, but you may also experience losses when markets are down. Please read the prospectus for information about the TIAA-CREF Investment Horizon Annuity by going to TIAA.org/prospectuses. viii Based on a study that compared the initial lifetime income amount two hypothetical participants would have received for income starting in each of the 301 months from January 1, 1997, through January 1, 2022. If you are looking for individual services, please visitTIAA.org. How TIAA Stable Value Annuity Can Help Secure Your Future | TIAA This website is intended for institutional retirement plan sponsors and their consultants, registered investment advisers, and other related businesses. TIAA-CREF Individual & Institutional Services, LLC, MemberFINRAOpens in a new windowandSIPCOpens in a new window, distributes securities products. Over the studys most recent decade, the career contributors initial lifetime income exceeded that of the new contributor in all 120 retirement months with an average lifetime income advantage of 22.4%. Teachers Insurance and Annuity Association of America is domiciled in New York, NY, with its principal place of business in New York, NY. 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. Please refer to the annuity contract or certificate for further details. Learn moreLearn more about Know our Options from TIAAOpens pdf. Each of the foregoing is solely responsible for its own financial condition and contractual obligations. The TIAA group of companies does not provide legal or tax advice. We can provide you with costs and complete details. Check out the new "Am I on Track?" Read theTIAA-CREF Individual & Institutional Services, LLC, Statement of Financial ConditionOpens pdf. This guaranteed annuity contract is not considered an "investment" or "security" under federal securities laws. 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. 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, 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. 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. TIAA-CREF Life Insurance Company is domiciled in New York, NY, with its principal place of business in New York, NY. This means that funds applied to TIAA Traditional in the current month will be credited with the indicated effective annual rates until February 28, 2023, and that the rates are subject to change starting March 1, 2023. ii All guarantees are based on TIAA's claims-paying ability. TIAA Life Insurance Company is domiciled in New York, NY with its principal place of business in New York, NY. Speak with a TIAA-CREF Consultant and your tax advisor regarding your situation. How Does the TIAA Traditional Annuity Work | TIAA Make sure youre getting your full employer match. Intended for Institutional Investor Use Only. Intended for Institutional Investor Use Only. )vii, viii. 16 Dec, 2021, 08:38 ET. It's free and will improve your experience. Visit the redesigned Investment Finder to browse pre-defined categories and compare with advanced filtering. We've picked a few things that might interest you. The obligations of TIAA are not insured by the FDIC or any other federal governmental agency. Its California Certificate of Authority number is 6992. Payout Income Rate is annualized payment per dollar of settled accumulation for a 65-year-old who purchases a single life annuity with a 10-year guarantee period under the Standard method. NEW YORK, December16, 2021 Beginning in January 2022, lifetime income payments to holders of the TIAA Traditional fixed annuity1who opted to annuitize in retirement will increase by 5%, the largest boost in 40 years. Read the TIAA-CREF Individual & Institutional Services, LLC, Statement of Financial Condition . Its California Certificate of Authority number is 6992. iv Past performance is no guarantee of future results. Based on data in PLANSPONSOR's 403(b) 2022 DC Recordkeeping Survey, combined 457 and 403(b) data. 2Any guarantees under annuities issued by TIAA are subject to TIAA's claims-paying ability. This 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. SIPC only protects customers' securities and cash held in brokerage accounts. TIAA Traditional provides guaranteed growth for a portion of your retirement savings**. TIAA Life Insurance Company (TIAA Life) is a wholly owned subsidiary of Teachers Insurance and Annuity Association (TIAA). There is no guarantee that current ratings will be maintained. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. 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. The new contributor transferred the same final accumulation as the career contributor toTIAA Traditional shortly before selecting lifetime income. 2018 and prior years, Teachers Insurance and Annuity Association of America - College Retirement Equities Fund, New York, NY 10017. No problem-our advisors can help explain your options. Member FDIC. 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. The loyalty bonus is a return of unused contingency reserves and is only available upon annuitization. Its California Certificate of Authority number is 6992. TIAA's retired clients have never missed a payout. Consumer and commercial deposit and lending products and services are provided by TIAA Bank, a division of TIAA, FSB. Annuity contracts contain exclusions, limitations, reductions of benefits and may contain terms for keeping them in force.

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