Your employer-sponsored retirement plan is a valuable benefit and a way to invest for your future. As an eligible employee you have a limited window of time to choose between two very different retirement plans - a or a . There are inherent benefits and risks of each type of retirement plan offered to you.
It's important that you consider the risks and benefits of each plan and your personal situation before you make a final election decision. Read more information on both types of plans.
Defined Contribution Plans:
Defined Benefit Plan:
This tool does not consider prior participation in an employer-sponsored retirement plan. In making your decision, it's important to read all of the information provided concerning the use of this tool, including the Methodology & Assumptions. You should consult a financial advisor before making an irrevocable decision.
Important: You can supplement your retirement savings regardless of the plan you choose. It is recommended that you consult with a tax or financial advisor prior to making any elections.
This material is for informational or educational purposes only and does not constitute a recommendation, investment advice, or advice regarding which Plan may be right for an investor. This tool is not intended to predict actual future returns, benefits nor progress toward a goal. The calculation performed is purely hypothetical for comparative purposes only and does not take into account any specific objectives or circumstances of any particular investor , nor does it suggest any specific course of action. The graphic comparison output is based on user entered information and is in no way guaranteed by TIAA or the employer. Your results may vary from the graphic comparison. Investment decisions should be made in consultation with an investorâs personal advisor based on the investorâs own objectives and circumstances before making an irrevocable decision.