5 reasons to personalize your retirement portfolio with Advice Express

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Today, one of the most popular ways to save for retirement is a target-date fund, or lifecycle fund. And for good reason—target-date funds are easy to select during enrollment, and they offer an attractive set-it-and-forget-it approach to investing.

Even so, while target-date funds can be great starting points, they only take into account one piece of information: age. To illustrate how this might play out, imagine two people. One is single and has been maxing out their retirement savings since they were 21. The other had to prioritize student loan payments, has a family to support, and is just getting started saving for retirement. If both are 35, that single piece of information would drop them into the same fund.

The point is, a one-size-fits-all approach doesn’t always fit all. Everyone’s financial situation is different. That’s one of the great things about our Advice ExpressOpens in a new window  tool. It’s a quick, easy way for you to get a recommendation on how to allocate your retirement portfolio in a way that’s customized to your lifestyle and goals. Here are five reasons to give it a try:

1. Advice Express considers your whole financial picture

The tool takes into account your age, income, savings rate and account balance to provide a portfolio allocation recommendation that fits your goals to and through retirement. It can also include lifetime income options, which target-date funds do not provide.

Considers your... Advice Express strategy
Age and years until retirement ✔
Tolerance for risk ✔
Savings rate ✔
Current savings ✔
Includes...  
Options for lifetime income in retirement ✔

2. You get the same caliber of advice that our financial advisors provide

The recommendations come from Morningstar, a third-party firm specializing in investment research and management services. That means you’re getting objective advice based on your unique situation and retirement goals.

3. It takes just a few minutes

You just need to know a few simple pieces of information, like your current income and savings rate, and any assets you have in other retirement accounts.

4. There’s no additional cost

Advice is a major benefit of being a TIAA plan participant. We are here to support you to and through retirement, and want to make sure you’re informed, confident and set up for success at every step.

5. There’s no commitment

If you’re just curious what your recommendations would be, simply use the tool to find out. You don’t have to make any changes until you are ready.

Visit the Advice ExpressOpens in a new window  tool today to get your personalized portfolio recommendation. If you make changes suggested by the tool, we recommend you come back once a year to make sure your allocations stay aligned with your strategy

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Advice Express will recommend a customized investment strategy based on your age, savings rate, assets and risk tolerance in 5 minutes or less.

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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.

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