About The Annuity Cost Savings Tool
Thank you for your interest in the TIAA Annuity Cost Calculator Tool!
This tool is designed to illustrate how our Intelligent Variable Annuity's low expenses can impact account value over time. (The tool reflects all our product expenses except for a $25 annual maintenance fee if your account value is less than $25,000 and expenses of any investment portfolios which, if reflected, would result in lower returns. Our current product administrative fees are only 0.10%; we reserve the right to raise them to 0.30% upon notice.) This tool assumes a fixed interest rate that you select, up to a maximum of 8%. The information generated is hypothetical only, since our annuity's actual performance will fluctuate with the market and includes risk of loss, including principal. The tool assumes no withdrawals during the period illustrated. Withdrawals are subject to taxation as ordinary income and, if made before age 59 ½, a 10% tax penalty.
This tool is not a promise, projection or estimate of future investment performance, nor a recommendation to buy or sell a particular annuity. Consider your personal situation and all benefits, limitations, charges and expenses, and tax impact in deciding to purchase a financial service or product. You may contact TIAA-CREF Life Insurance Company at 877-554-8282 for additional information about our annuities.
This material is for informational or educational purposes only and does not constitute investment advice under ERISA, a securities recommendation under federal securities laws, or an insurance product recommendation under state insurance laws or regulations. This tool is intended to provide you with information to help you make informed decisions. You should not view or construe the availability of this tool as a suggestion that you take or refrain from taking a particular course of action, as the advice of an impartial fiduciary, as an offer to sell or a solicitation to buy or hold any securities, as a recommendation of any securities transactions or investment strategy involving securities (including account recommendations), a recommendation to rollover or transfer assets to TIAA or a recommendation to purchase an insurance product. In making this tool and information available to you, TIAA assumes that you are capable of evaluating the information and exercising independent judgment. As such, you should consider your other assets, income and investments and you should not rely on the information as the primary basis for making investment or insurance product purchase or contribution decisions. The information that you may derive from this tool is for illustrative purposes only and is not individualized or based on your particular needs. This material does not take into account your specific objectives or circumstances, or suggest any specific course of action. Investment, insurance product purchase or contribution decisions should be made based on your own objectives and circumstances. The purpose of the tool is not to predict future returns, but to be used as education only. The assumptions underlying this tool are provided here and will change over time and from time to time. Contact your tax advisor regarding the tax implications. You should read all associated disclosures’.