Building financial confidence and retirement readiness
Americans are lacking confidence
TIAA’s 2019 Lifetime Income Survey identifies what contributes to and detracts from people’s financial confidence. It also examines people’s attitudes about guaranteed lifetime income and how it relates to their retirement security.
Lifetime income is the outcome
More than eight in ten survey respondents who can expect to receive guaranteed lifetime income from a pension or own an annuity agree that it contributes to their feelings of confidence.
Moving from uncertainty to confidence
Prepare for the unexpected: Creating a financial plan can provide individuals with the confidence to weather unexpected hiccups like medical bills and market volatility.
Consider the benefits of lifetime income: Guaranteed income can add to feelings of financial security by helping to hedge against market volatility and the potential to run out of money in retirement.
Consult a financial advisor: Working with a financial professional and pursuing lifetime income options can put you on the path toward greater financial confidence and retirement readiness.
Click here to learn more about how guaranteed monthly income can help you feel more financially confident.
The 2019 TIAA Lifetime Income Survey was conducted by Greenwald & Associates in May and June 2019 via an online survey of 901 Americans between the ages of 25 and 73. Survey results have been weighted by education, gender, income and race.
This material is for informational or educational purposes only and does not constitute investment advice under ERISA. 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. TIAA Traditional is a guaranteed insurance contract and not an investment for federal securities law purposes.
TIAA may share profits with TIAA Traditional annuity owners through declared additional amounts of interest and through increases in annuity income throughout retirement. These additional amounts are not guaranteed.
TIAA Traditional is a fixed annuity product issued by Teachers Insurance and Annuity Association of America (TIAA): Form series including but not limited to: 1000.24; G-1000.4; IGRS-01-84-ACC; IGRSP-01-84-ACC; 6008.8. Not all contracts are available in all states or currently issued.
Annuity contracts contain exclusions, limitations, reductions of benefits and may contain terms for keeping them in force. Your financial consultant can provide you with costs and complete details.
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.
©2019 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, 730 Third Avenue, New York, NY 10017