Workplace retirement plans
Your retirement plan can provide income for life
Your employer's retirement plan may be one of the best ways to save for your future.
Overview
The basics of employer-sponsored plans
An employer-sponsored retirement plan is one of the most valuable benefits you can receive. These plans can help you build long-term financial security, realize meaningful tax advantages, and may include employer contributions that can significantly accelerate your retirement savings.
- Most contributions are pretax, which reduces your taxable income.
- Investments grow tax deferred, so you don’t pay taxes until withdrawal.
- Contributions are deducted from your paycheck.
- This “pay yourself first” approach helps you build wealth without having to think about it each pay period.
- Many employers offer contributions, which is essentially free money.
- These funds can boost your account balance and represent an immediate return on your investment.
- Plans typically offer investment choices curated by financial professionals.
- Annuities can provide guaranteed income for life.
- Target date funds automatically adjust as you approach retirement.
Why tiaa
We can help you reach your financial goals
There are lots of retirement account options available to you. Here’s why it makes sense to choose TIAA.
Personalized assistance
Connect with a TIAA consultant, cost-free, for tailored advice about your employer-sponsored plan.
Low fees
Costs associated with our Nuveen mutual funds and annuities are among the lowest in the industry.
Lifetime income
Many employer-sponsored plans offer fixed and variable annuities that provide retirement income for life.
Webinar
How to get the most from your employee retirement plan
This brief webinar details how you can maximize your workplace benefits. You’ll learn how to optimize your savings, get advice, boost your financial acumen, and more.
Take action
Start saving today
You'll likely need 70% to 80% of your current income for the rest of your life to retire comfortably. So don’t wait-the best time to invest in your future is now.
You can set up and personalize your account, select investment options, choose beneficiaries, and more.
It’s easy to enroll in your employer’s retirement plan.
Even if you don’t have a workplace retirement plan,
you can still save for retirement.
What people ask us
If I was automatically enrolled in my employer’s plan, what should I do now?
What if I don’t choose or update my investments?
Your investment default is most likely a target date fund with preselected investments designed to maximize your potential earnings before you intend to retire. If you take no action, your money will remain in this fund. If you’d like to change your investments, you can do so on your own or
Can I get help choosing my investment options?
Yes.
How do I choose my beneficiaries?
This material is for informational or educational purposes only and does not constitute investment advice under ERISA.
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.
Any guarantees under annuities issued by TIAA are subject to TIAA’s claims-paying ability.