Five things to know about market volatility, and what it means for you

Stocks and bonds are down, inflation and interest rates are up, and the headlines are all over the map. If you’re worried about what today’s market volatility means for your retirement, we’ve got you covered. Here are five things to know.

The fear is real...: The Federal Reserve is raising rates in an effort to curb inflation, which is making it harder for companies, people and governments to borrow money. This has some investors worried about a recession.

…but the headlines are worse than the reality: We think inflation has already peaked and any recession in the U.S. should be shallow and mild.

Even so, we’re not out of the woods yet: Stock and bond prices will continue to move sharply and erratically as the global economy absorbs a new normal.

This argues for an emphasis on safety: Focus on higher quality companies when buying stocks, bonds, or mutual funds that own either. TIAA Traditional can serve as a measure of safety for your savings, even before you retire.*

The bottom line? Keep planning, stay informed and contact us: Assess your long term plan with a TIAA financial professional to ensure your retirement plan is on track.

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This material is for informational or educational purposes only and does not constitute fiduciary investment advice under ERISA, a securities recommendation under all securities laws, or an insurance product recommendation under state insurance laws or regulations. 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.

The views expressed in this material may change in response to changing economic and market conditions. Past performance is not indicative of future returns.

Any guarantees under annuities issued by TIAA are subject to TIAA’s claims-paying ability.

Annuity contracts may contain terms for keeping them in force. Your financial consultant can provide you with costs and complete details.

TIAA Traditional is a fixed annuity product issued through these contracts: 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.

* TIAA Traditional is a fixed annuity issued by Teachers Insurance and Annuity Association of America (TIAA), New York, NY.