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Conservative and semi-retired

Pam and John

Pam and John are a couple with a stable financial situation. They are conservative, long-term planners who are semi-retired.
Age
Life Stage
Salary
Total Assets
Occupation
John is 68 and Pam is 61. Semi-retired $20,000 $1,000,000 English Literature Professor
 
 
 

Situation

Pam has been married for 35 years to her husband, John. John is a retired chef and he’s currently working on his first novel, a mystery about a disappearing pilot.
 

Family

Pam and John have one child, Stephen, a graphic designer in Austin, TX.
 
 

Goal

Pam is semi-retired and still teaches one course per semester on medieval poetry, a passion of hers. She’d like to continue to teach as long as she is able.
 

Lifestyle

They are both relatively healthy although Pam has some arthritis in her knees.

Objectives

Pam and John prioritize their retirement objectives as follows:

1
Concern about running out of money while in retirement.
2
Avoid market fluctuations in favor of stability.
Concerns

Retirement risks that are of greatest concern to Pam and John:

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Top concern

Withdrawal

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Concern

Longevity

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Concern

Inflation

Pam and John's income plan

Pam and John have specific financial needs in order to be able to achieve their overall retirement goals. The following is an estimated amount of annual income* Pam and John believe they will need to achieve their retirement goals.

Basic needs

 
Housing, food, healthcare, emergency fund.
 
See how its covered

 

Lifestyle

 
Maintain lifestyle, annual literary conference, and travel to visit their son.
 
See how its covered
 
 
$40k. $26k. Total: $66k
 

Legacy

 
Legacy is not a priority for Pam. Her son is financially stable on his own. She does get peace of mind knowing she has a buffer if times get rough. This buffer will be part of her investment allocation.
*Income needs in terms of after-tax income.

Pam and John's investment strategy

TIAA Traditional

Pam has been making contributions to her retirement plan since joining, and has savings in both the TIAA Traditional Annuity and the CREF Stock Account.
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Investment portfolio

Pam and John decide to move all of their remaining investment assets to TIAA so an advisor can manage their assets holistically throughout retirement. Their portfolio seeks to achieve growth above inflation, and it will generate dividend income from certain investments in their portfolio.
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Resulting income

Hypothetical income approximations to maintain $66,000 of annual income

Displayed in real dollars to show how income maintains the customers' buying power throughout retirement (30-35 years). The composition of income received in retirement is purely hypothetical, for illustrative purposes only.
Next Steps

How TIAA can help

Lifetime income

Investigate income options that can help create lifetime income to help realize your retirement lifestyle.

Investment strategies

We can help you align your asset allocation strategy with your long-term income needs.

Don’t go it alone

We can help you create a retirement income strategy that factors in your concerns, as well as your goals.

Get in Touch

Talk with a TIAA Consultant to help you shape your overall retirement strategy and to help you consider the next steps.
 

888-583-2535

 
Weekdays 8 a.m. to 10 p.m. (ET)
Saturday 9 a.m. to 6 p.m. (ET)
Annuities are designed for retirement and other long-term goals. Keep in mind that lifetime income from variable annuities will fluctuate based on the underlying investment performance. Any guarantees under annuities issued by TIAA, including TIAA Traditional, are subject to TIAA’s claimspaying ability. There are risks associated with investing in securities including possible loss of principal.
 
You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call 877 518-9161 for current product and fund prospectuses that contain this and other information. Please read the prospectuses carefully before investing.
 
Advisory services are provided by Advice & Planning Services, a division of TIAA-CREF Individual & Institutional Services, LLC, a registered investment adviser.
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