An annuity is a retirement product you can purchase from an insurance company to help generate a guaranteed income stream in your retirement.1
An annuity may be a good retirement savings option to consider if you have already contributed the annual maximum to other retirement vehicles or are ineligible to participate in more traditional retirement accounts.
While annuities offer some unique tax benefits, and higher contribution limits, they are not a good fit for everybody. Read our frequently asked questions below to help decide whether an annuity is right for you.
Please keep in mind that annuities are designed for retirement and other long-term goals. If you choose to invest in the variable investment products, your money will be subject to the risks associated with investing in securities, including loss of principal.
TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and SIPC, distribute securities products. After-tax annuities issued by TIAA-CREF Life Insurance Co., New York, NY. Each is solely responsible for its own financial condition and contractual obligations.
Annuity contracts contain surrender charges and terms for keeping them in force.
TIAA-CREF Life Insurance Company is domiciled in New York, NY with its principal place of business in New York, NY. Its California Certificate of Authority number is 6992.
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.
The tax information contained herein is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding tax penalties that may be imposed on the taxpayer. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.
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An annuity can help make meeting your retirement goals simple.