TIAA Perspectives

Retirement insights survey: Participant savings actions in 2020

In a year of unprecedented challenge, many participants continued to save more for retirement, and those who had a guaranteed lifetime income option like TIAA Traditional were more confident about their long-term savings goals. 1 2
Key Insights

Guaranteed lifetime income gives participants more confidence

We polled 1,000 participants between the ages of 25 and 70. Here’s what we found:

80%

of employees with guaranteed lifetime income in retirement feel confident about their progress toward long-term goals.

7 in 10

participants consider programs with guaranteed lifetime income offerings to be highly valuable.

3 in 10

participants increased their contributions to their retirement plans despite a challenging 2020.
null
My personal pension

See your monthly lifetime income payment now

No matter where you are in your career, calculate an estimate of your TIAA Traditional payments—including profit sharing—in under a minute.
Read the full survey results here .

1Any guarantees are backed by the claims-paying ability of the issuing company.
 
2TIAA Traditional is issued by Teachers Insurance and Annuity Association of America (TIAA), New York, NY.
 
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.
1533353