Resilient markets lead to favorable results
Uncertainty over the long-term economic outlook pushed global stock markets to a rapid and steep downturn at the start of the Covid-19 pandemic. But markets rebounded later in the latter half of 2020, delivering between 70% to 90% cumulative returns during that time2.
Last year's swing in investment performance highlights the importance of a well-diversified asset allocation strategy that can help give participants the confidence to remain invested in the market, even during times of volatility like the pandemic.
“CREF is fulfilling its goal to help people outpace inflation, have more income and a better retirement,” said Dan Keady, TIAA Chief Financial Planning Strategist. “It’s more important than ever for investors to diversify their retirement income sources, just as they do their investments. Annuities can provide that income diversity and stability.”
Back in 1952, TIAA created the first variable annuity, the CREF Stock Account, to provide a lifetime income option for our participants, with the opportunity for growth based on the performance of the underlying accounts. Historic growth can be seen in the income change from 2020 to 2021:
*Changes reflect 3/31/20 AUVs as recalculated in September 2020. Source: Corporate Actuarial.
TIAA Annuitants Who Stayed the Course Enjoy Historic CREF Payment Increases
You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call 877-518-9161 or go to www.TIAA.org/prospectuses for current product and fund prospectuses that contain this and other information. Please read the prospectuses carefully before investing.
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.