Guaranteed period begins when the 1st annuity payment is made.
Keep your paycheck in retirement
Your retirement plan includes the option to convert a portion of your assets to create a retirement paycheck.1 Activating this valuable feature provides predictable income that's guaranteed for life.2
A general rule of thumb is that your income in retirement should be diversified just like your savings during your working years. Our team can meet with you to develop a personalized income plan that includes a retirement paycheck.
Predictable, guaranteed income
Benefit from historically high payout rates
Income from guaranteed sources, including our TIAA Traditional fixed annuity*, is designed to protect you against market declines and outliving your money.2
Higher rates mean bigger paychecks
Activating your retirement paycheck with today’s rates benefits you for a lifetime.
Never run out of income in retirement
With a retirement paycheck, you’re guaranteed to have money coming in each month for the rest of your life.2
Opportunity for annual income raises
TIAA can increase your income payment amounts during your retirement. We have increased payments 19 times in the past
30 years.3
*Issued by Teachers Insurance and Annuity Association of America (TIAA), New York, NY.
Don't forget inflation
Add an income stream with growth potential
Lifetime income from our CREF and Real Estate Account variable annuities is designed to hedge against inflation. Without this stream of retirement income, your savings may run the risk of eroding over time.
Variable income
With income from variable annuities, you receive a payment every month, but the amount will fluctuate with the market performance of your investments over time.4
Combat inflation risk
Variable annuities provide an income stream that responds to market changes to help hedge against inflation.
Flexible risk exposure
Even after you begin receiving income, you can swap the underlying investments that control your risk exposure and income.
You're in control
Build your retirement paycheck with flexible options
Choose an amount
We can help you determine the right amount of your retirement savings to convert into a retirement paycheck.1
Cover a spouse
You can choose lifetime income for just yourself, or you can include your spouse or partner.
Beneficiary protection
You can elect to have payments continue to your loved ones for up to 10, 15, or 20 years.
We are here for you
Create an income plan
We can help you build a retirement paycheck as part of a diversified income plan personalized to your needs.
Give us a call
Retiring in the next 12 months?
888-380-6424
More than 12 months?
800-842-2252
Weekdays, 8 a.m. to 10 p.m. ET.
1 Converting some or all of your savings to income benefits (referred to as "annuitization") is a permanent decision. Once income benefit payments have begun, you are unable to change to another option. Paycheck is the annuity income received in retirement. Guarantees of fixed monthly payments are only associated with TIAA's fixed annuities.
2 Any guarantees under annuities issued by TIAA are subject to TIAA's claims-paying ability. TIAA Traditional is a guaranteed insurance contract and not an investment for federal securities law purposes.
3 As of 1/1/2024. TIAA may establish additional amounts of interest and income benefits above contractually guaranteed levels. Additional amounts are not guaranteed beyond the period for which they are declared.
4 Payment amounts from variable annuity accounts are not guaranteed and will rise or fall based on investment performance.
Annuity contracts contain terms for keeping them in force. Exclusions, restrictions, limitations and reductions in benefits will, in certain situations, apply to annuity contracts. Your financial consultant or advisor can provide you with costs and complete details.
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 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.
Not all contracts are available in all states or currently issued.
Transfers and withdrawals from TIAA Traditional are restricted by its underlying agreements that can affect the liquidity of the product.
This material is for informational or educational purposes only and is not fiduciary investment advice, or a securities, investment strategy, or insurance product recommendation. This material does not consider an individual’s own objectives or circumstances which should be the basis of any investment decision.
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