1 Advice is obtained using an advice methodology from an independent third-party.
2 As with all mutual funds, the principal value of a Lifecycle Fund isn’t guaranteed at any time and will fluctuate with market changes. The target date approximates when investors may plan to start making withdrawals. However, you are not required to withdraw the funds at that target date. After the target date has been reached, some of your money may be merged into a fund with a more stable asset allocation.Target date funds share the risks associated with the types of securities held by each of the underlying funds in which they invest. In addition to the fees and expenses associated with the target date funds, there is exposure to the fees and expenses associated with the underlying mutual funds.
3 Any guarantees under annuities issued by TIAA are subject to TIAA’s claims-paying ability.
4 Payments from the variable annuity accounts are not guaranteed and will rise or fall based on investment performance.
5 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.
6 Based on Morningstar Direct (as of December 31, 2022) expense comparisons by category, excluding Money Market products. Actual percentage is 88.13%. 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. Excludes the class W shares, which are not available for purchase by retail investors.
7 As of December 31, 2022
8 As of 12/31/2022
9 PLANSPONSOR 2022 Recordkeeping Survey, July 21, 2022
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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. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on the investor’s own objectives and circumstances.
Any guarantees under annuities issued by TIAA are subject to TIAA’s claims-paying ability.
Advice is obtained using an advice methodology from an independent third-party.