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. Read theTIAA-CREF Individual & Institutional Services, LLC, Statement of Financial ConditionOpens pdf. TIAA Traditional is a guaranteed insurance contract and not an investment for federal securities law purposes. Its California Certificate of Authority number is 3092. TIAA allows you to move your annuitized assets in the following ways Your financial consultant or advisor can provide you with costs and complete details. 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. 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 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. vi Guarantees are subject to the claims-paying ability of TIAA. Please consult your tax or legal advisor to address your specific circumstances. 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. Past performance is no guarantee of future results. The new contributor transferred the same accumulation as the career contributor to TIAA Traditional shortly before selecting lifetime income. TIAA-CREF Individual & Institutional Services, LLC, MemberFINRAOpens in a new windowandSIPCOpens in a new window, distributes securities products. 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. 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. Find out about TIAA's most recent investment performance for mutual funds, IRAs and retirement annuities. If you are looking for individual services, please visitTIAA.org. The career contributor made level monthly contributions to TIAA Traditional under the Retirement Annuity Contract over 30 years prior to their retirement date. Your financial consultant or advisor can provide you with costs and complete details. As provided for in the annuity contract, restrictions may apply to certain plan sponsor- and/or participant-initiated transactions. Please consult your tax or legal advisor to address your specific circumstances. Equal Housing Lender. TIAA Traditional provides guaranteed growth for a portion of your retirement savings**. Annuity contracts contain terms for keeping them in force. Member FDIC. Not all contracts are available in all states or currently issued. SIPC only protects customers' securities and cash held in brokerage accounts. Its California Certificate of Authority number is 3092. Guarantees of fixed monthly payments are only associated with TIAA's fixed annuities. Receive investment guidance from an annuity representative with no obligation to buy. Read theTIAA-CREF Individual & Institutional Services, LLC, Statement of Financial ConditionOpens pdf. 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. Industry Average Source: Annuity and Life Insurance Shopper Magazine, Jan-March 1997 issue. How Does the TIAA Traditional Annuity Work | TIAA Its California Certificate of Authority number is 3092. We notice you're using an older browser with outdated security features. *Effective annual interest rate applies through February 2024 to new savings in employer retirement plans. NEW YORK, Dec. 16, 2021 /PRNewswire/ -- Beginning in January 2022, lifetime income payments to holders of the TIAA Traditional fixed annuity 1 who opted to annuitize in . 2021 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, 730 Third Avenue, New York, NY 10017. iAny guarantees under annuities issued by TIAA are subject to TIAA's claims-paying ability. 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. Equal Housing Lender. SIPC only protects customers' securities and cash held in brokerage accounts. 1 See the prospectus for details on charges, restrictions and limitations.Fixed annuities are issued by TIAA-CREF Life Insurance Company (TIAA Life). 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. Each is solely responsible for its own financial condition and contractual obligations. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. No problem-our advisors can help explain your options. The TIAA group of companies does not provide legal or tax advice. Please note that TIAA is not responsible for the content or privacy policies of third-party sites that may be referenced in this article or to which you may link from this article. Although the liability to provide contract guarantees and accumulations is backed by the assets in the . Log in, see if it's available in your TIAA retirement plan, and change future savings in your account. TIAA Traditional provides certainty in times of uncertainty, said Colbert Narcisse, Chief Product and Business Development Officer at TIAA. The ratings also do not apply to the safety or the performance of the variable accounts, which will fluctuate in value. 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. Before consolidating assets, be sure to carefully consider the benefits of both the existing and new product. xi As of July 21, 2022. 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. Investment decisions should be made based on the investors own objectives and circumstances. Its California Certificate of Authority number is 3092. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. TIAA Stable Value form series SV-01 and SV-02; TIAA certificate series - SV-CERT1 and SV-CERT2. PDF TIAA Traditional Annuity Retirement Annuity (RA) TIAA is a leading provider of secure retirements and outcome-focused investment solutions to millions of people and thousands of institutions. Fitch Affirms TIAA's Ratings; Outlook Stable. PDF A long-term buffer against inflation - TIAA ii TIAA may share profits with TIAA Traditional Annuity owners through declared additional amounts of interest during accumulation, higher initial annuity income, and through further increases in annuity income benefits during retirement. TIAA-CREF Life Insurance Company is domiciled in New York, NY, with its principal place of business in New York, NY. 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. 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. Annuity contracts may contain terms for keeping them in force. The annuities in your retirement plan offer a variety of income options, described in this Annuity Options tableOpens dialog. TIAA Bank's client service is available 7 days a week, so you can rest assured that well be around when you need us. An investment in REA, when combined with other appropriate investments in different asset classes, can help an investor achieve portfolio diversification. Its California Certificate of Authority number is 3092. Excludes the class W shares, which are not available for purchase by retail investors. TIAA Traditional has paid more in lifetime income than its contractually guaranteed minimum amount every year for the last 70 years, providing clients who choose to annuitize with a solid foundation of steady, guaranteed lifetime income payments regardless of market conditions. 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. When markets are up, you have the potential to capture gains, but you may also experience losses when markets are down. Consumer and commercial deposit and lending products and services are provided by TIAA Bank, a division of TIAA, FSB. All guarantees are based on 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. TIAA-CREF Life Insurance Company is domiciled in New York, NY, with its principal place of business in New York, NY. Past performance is no guarantee of future results. Investing, Advice, Retirement and Banking | TIAA TIAA may provide a loyalty bonus based upon the length of time the funds are held in TIAA Traditional. Member FDIC. We can provide you with costs and complete details. Each of the foregoing is solely responsible for its own financial condition and contractual obligations. If your plan offers investment options known as competing funds (for example, a money market account, short-term bond funds or the TIAA Real Estate Account) and you want to transfer money from TIAA Stable Value to one of those options, the amount you transfer must first be directed to a noncompeting option (for example, a stock fund or long-term bond fund), where it must remain for 90 days before being transferred to the competing fund. Once income benefit payments have begun, you are unable to change to another option. Its California Certificate of Authority number is 6992. The TIAA group of companies does not provide legal or tax advice. Start saving in TIAA Traditional by updating your contribution options online. Exclusions, restrictions, limitations and reductions in benefits will, in certain situations, apply to annuity contracts. 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. Investment decisions should be made based on the investor's own objectives and circumstances. Your financial consultant or advisor can provide you with costs and complete details. Fitch Affirms TIAA's Ratings; Outlook Stable 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. iii Any guarantees under annuities issued by TIAA are subject to TIAA's claims-paying ability. The other transferred the same amount into TIAA Traditional on 12/31/97. 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%. Member FDIC. Equal Housing Lender. Equal Housing Lender. All guarantees are based upon TIAA Life's claims paying ability. 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 Traditional Increases Income Payments by 3% for 2023 Diversification is a technique to help reduce risk. The TIAA Real Estate Account is a variable annuity product and an insurance separate account of TIAA. Its California Certificate of Authority number is 6992. The TIAA group of companies does not provide legal or tax advice. These additional amounts are not guaranteed beyond the period for which they were declared. Each is solely responsible for its own financial condition and contractual obligations. TIAA Bank's client service is available 7 days a week, so you can rest assured that well be around when you need us. Once income benefit payments have begun, you are unable to change to another option. These additional amounts are not guaranteed. [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. Contract Forms: TIAA Stable Value TIAA Contract form series SV-01 and SV-02, TIAA Certificate series SV-CERT1 and SV-CERT2. ix As of July 21, 2022. (Previously Internet Explorer) Safari. 16 Dec, 2021, 08:38 ET. Based on data in PLANSPONSOR's 403(b) 2022 DC Recordkeeping Survey, combined 457 and 403(b) data. Contract fees are described in the annuity contract and are collected on a daily basis. Its California Certificate of Authority number is 6992. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Member FDIC. This unique structure, which seeks to return profits to participantsx enables a pure focus on serving its plan clients and their employee participants. Get advice on weathering market volatility. TIAA-CREF Life Insurance Company is domiciled in New York, NY, with its principal place of business in New York, NY. The TIAA group of companies does not provide legal or tax advice. TIAA is a leading provider of secure retirements and outcome-focused investment solutions to millions of people and thousands of institutions. 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%. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. TIAA-CREF Life Insurance Company is domiciled in New York, NY, with its principal place of business in New York, NY. Please consult your tax or legal advisor to address your specific circumstances. Additional amounts are not guaranteed beyond the period for which they are declared. A variable annuity is an insurance contract and includes underlying investments whose value is tied to market performance. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. 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. TIAA may provide a loyalty bonus based on the length of time the funds are held in TIAA Traditional. TIAA Traditional is a guaranteed insurance contract and not an investment for federal securities law purposes. 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. Do not sell/share my personal information, TIAA-CREF Individual & Institutional Services, LLC, Statement of Financial Condition. 2 Amounts withdrawn prior to age 59 may be subject to a 10% IRS penalty. 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. NEW YORK - March 02, 2023 TIAA is increasing interest rates on TIAA Traditional by 13%. It is the #1 not-for-profit retirement market providerxi, paid more than $6.4 billion in lifetime income to retired clients in 2021 and has $1.2 trillion in assets under management (as of 9/30/2022)xii. TIAA Brokerage, a division of TIAA-CREF Individual & Institutional Services, LLC, MemberFINRA and SIPC ,distributes securities. Annuity contracts contain terms for keeping them in force. 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. 888-200-4062 One or more may be right for your financial needs. Payments from the variable annuity accounts are not guaranteed and will rise and fall based on investment performance. 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. With TIAA, you can turn a portion of your accumulation into lifetime annuity income a choice most plan investment options cannot provide. Annuity account options are available through contracts issued by TIAA or CREF. Mozilla Firefox. TIAA-CREF Individual & Institutional Services, LLC, MemberFINRAOpens in a new windowandSIPCOpens in a new window, distributes securities products. Annuity contracts contain exclusions, limitations, reductions of benefits and may contain terms for keeping them in force. TIAA-CREF Individual & Institutional Services, LLC, MemberFINRAOpens in a new windowandSIPCOpens in a new window, distributes securities products. The new contributor transferred the same final accumulation as the career contributor to TIAA Traditional shortly before selecting lifetime income. i As of July 21, 2022. Our flagship product, TIAA Traditional, is unlike other fixed annuities in that it has a long history of increasing income payment amounts. Any guarantees under annuities issued by TIAA are subject to TIAA's claims-paying ability. Combine income options, payment frequencies, and start dates to create a customized income plan. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. As you prepare for the future, you may want to consider including a combination of annuities in your income plan. How TIAA Stable Value Annuity Can Help Secure Your Future | TIAA You can cover your everyday expenses with lifetime income from our TIAA and CREF annuities. Any guarantees under annuities issued by TIAA are subject to TIAAs claims-paying ability. Read the TIAA-CREF Individual & Institutional Services, LLC, Statement of Financial Condition . There is no guarantee that current ratings will be maintained. This additional amount is not guaranteed other than during the period that it is declared by the Board.