Advisors Working with Individuals

Create an Income Stream


TIAA offers your clients numerous ways to create retirement income suited to their individual goals.

Systematic withdrawals

Your clients can arrange for automatic cash withdrawals, or transfers, from their TIAA and CREF accounts. They can designate a fixed number of units, a dollar amount, or a percentage to be withdrawn on a monthly, quarterly, semiannual or annual basis. The minimum withdrawal is $100 per account, per payment.

Lifetime annuities*

Both single and joint (two-life) annuities are available.

Full benefit to survivor*

The annuitant receives a lifetime income. When either the annuitant or his/her annuity partner dies, the survivor continues to receive the full income for life.

Two-thirds benefit to survivor

The annuitant receives a lifetime income. When either the annuitant or his/her annuity partner dies, payments are reduced by one-third and continue to the survivor for life.

Half benefit to second annuitant

The annuitant receives a lifetime income. Lifetime income is not reduced if the annuity partner dies first. If the annuity partner survives the annuitant, he/she receives for life one-half the amount payable while they were both living.

All lifetime annuities offer "guaranteed periods." Under a one-life annuity option, if the annuitant dies before the end of the guaranteed period, income payments to a beneficiary will be made for the rest of the period. Under a two-life option, if both the annuitant and the annuity partner die before the end of the period, payments will be made to a beneficiary for the rest of the period.

The guaranteed periods are 10, 15 or 20 years. The Internal Revenue Code (IRC) may limit a participant’s ability to select certain guaranteed periods.

Retirement Transition Benefit

Participants who annuitize their retirement accumulations may take advantage of a lump-sum Retirement Transition Benefit (RTB). The RTB offers up to ten percent of the accumulation being annuitized as a cash payment. The taxable portion may be subject to a ten percent tax penalty if the client is under age 59½.

Fixed-period payments

An individual may arrange TIAA annuity payments over a fixed period ranging from five to 30 years, but not longer than his or her life expectancy based on IRC regulations.


Your clients can decide whether to receive retirement income from the variable accounts, TIAA Traditional Annuity, or any combination. They can also make transfers after they've annuitized or settled their contracts.

If your client wants to retire early

Those considering early retirement should be aware that most funds in employer retirement plans are not available until an individual retires, reaches age 59½, separates from service, dies or becomes disabled. In addition, distributions upon separation from service are generally subject to an additional ten percent tax, unless the individual:

  • Begins a lifetime annuity income option
  • Leaves employment in the calendar year he or she reaches age 55, or later
  • Has unreimbursed medical expenses greater than seven and one-half percent of his or her Adjusted Gross Income
  • Becomes disabled or dies

Payments to someone other than the plan participant under a Qualified Domestic Relations Order (e.g., a divorce settlement) are also exempt from the ten percent penalty. This applies to TIAA annuities as well as to other tax-deferred retirement savings.

Advisor Services Hotline:

Monday – Friday 8:00AM to 7:00 PM ET

Call us at 888 842-0318

Asset Management Capabilities

Learn more about our Asset Management capabilities.

Recognition & Ratings

Not all retirement plan providers were created equal.

See industry awards TIAA has earned.

Learn More

Visit for more reasons to work with us.