The moderate risk-taker

Danielle

Danielle is a financially stable retiree and a moderate-agressive risk taker.
Age
Life Stage
Salary
Total Assets
Occupation
Danielle is 70 Retired $0 $1,500,000 School Superintendent
 
 
 

Situation

Danielle is a retired superintendent. She divorced 15 years ago and has not remarried.
 

Goal

Danielle values flexibility with her investments. She takes her whole family on vacation each year, a tradition that she started with her two children and now has expanded to include their families.
 
 

Family

Danielle has two children and five grandchildren. Her youngest grandchild, Fiona, has cerebral palsy and requires specialized medical attention.
 

Health

Danielle has a family history of heart disease and cognitive disorders, so she wants to plan ahead for these conditions.

OBJECTIVES

Danielle prioritizes her retirement objectives as follows:

1
Maximize legacy for children / grandchildren; provide financial support for grandaughter.
2
Continue to earn income if / when unable to make investment decisions.
3
Plan in advance so as not to be a “burden” for her children.
Concerns

Retirement risks that are of greatest concern to Danielle

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TOP CONCERN

Cognitive

Withdrawal Icon
CONCERN

Withdrawal

Danielle's income plan

Danielle has specific financial needs in order to be able to achieve her overall retirement goals. The following is an estimated amount of annual income * Danielle believes she will need to achieve retirement goals.

Basic needs

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

Lifestyle

 
Travel, lifestyle support.
 
See how its covered
 
$40k then $52k. $30k. Total: $82k/year
 

Legacy

 
Legacy is important for Danielle. A significant portion of her investment allocation will be managed with the intent that Danielle will never have to use it for her own needs – rather this “sleeve” will be for her granddaughter’s medical needs.
*Income needs in terms of after-tax income.

Danielle's investment strategy

Fixed annuity

Danielle has been investing since her first year as a teacher. Danielle had a misconception that she had to annuitize all of her assets, but her advisor explained that this is not the case.
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Investment portfolio

Danielle’s assets are largely in her 403(b) and brokerage account. She decides that a managed account is the best way to ensure that she’s in the market, but not having to make all the investment choices herself.
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RESULTING INCOME

Hypothetical income approximations to maintain $72,000, then $82,000 of annual income

Displayed in real dollars to show income maintains the customer's buying power throughout retirement (20-25 years). The composition of income received in retirement is purely hypothetical, for illustrative purpose only.
Resulting Income
Next Steps

How TIAA can help

Annuities

We can recommend annuity options that can help you pursue your retirement lifestyle.

Investment strategies

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

Retirement income planning

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 review 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)
The Preparing for Retirement tool provides education about the retirement process, and includes examples based on a composite of random TIAA clients. You should not view or construe the tools and information as a suggestion by TIAA that you take or refrain from taking a particular course of action, as the advice or recommendation of an impartial fiduciary, or as an offer to sell or a solicitation to buy any securities or other investment property. In making the tools and information available to you, we assume that you are capable of evaluating the information and exercising independent judgment over your investments and do not need or intend to rely on our advice or recommendations. You should not buy or sell any security or other investment property without first considering whether it is appropriate for you based on your own particular situation based on your independent determination. TIAA-CREF Individual & Institutional Services, LLC will not perform any suitability or other analysis to check, for example, whether a security or other investment property you select through this tool is consistent with your investment objectives. If you need or want advice or recommendations in choosing investments, please call us at 800-842-2252. We are here to help.
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