TIAA retirement annuities

- [Narrator] Looking forward to a full life in retirement? You're off to a good start by saving in TIAA Traditional and the CREF annuity accounts, because when it comes time to retire, you can convert your savings to lifetime retirement income. Combining income from fixed and variable annuities with other investment withdrawals can help diversify your income plan, and that can help put you in a position for potentially more income than from any one income source alone. Consider this. Morningstar, a leading financial research firm, studied the benefit of using annuities to diversify and get more from your retirement income. Morningstar used 22 attributes in its analysis, and assigned multiple weighted values to each. They ran 10,000 simulations to find the best mix of investments for the highest retirement income. The study found that nearly 90% of the optimal scenarios included a portion of fixed and variable annuities. In fact, including lifetime income from both fixed and variable annuities has the potential to increase income by up to 20% on average. The potential for more income can certainly help tackle the risks many of us face during retirement. For instance, people are living longer these days, and some may have health issues that can be costly and impair their ability to manage their finances. The markets, of course, are uncertain, and inflation can affect your purchasing power. Diversifying your income portfolio can help you meet the multiple challenges head on. Let's take a closer look. TIAA Traditional is a fixed annuity that comes with guarantees. The value of your savings will increase every day, even in volatile markets. And you can convert your savings to guaranteed monthly income when you retire. Our sharing the profits approach looks to potentially reward your loyalty with additional amounts of income. You also have the CREF accounts, a family of eight variable annuities designed to work together with the TIAA Traditional to help diversify your portfolio. The CREF accounts are available at expenses that are among the lowest in the industry, so more of your money works for you. You can turn your savings into lifetime income with the freedom to move your funds around the CREF accounts as your needs or preferences change. Variable income from the CREF annuities can help increase your spending power while providing income you can't outlive. Variable means the amount of your payment can change based on investment performance. When it comes to lifetime income, TIAA Traditional and the CREF accounts have the potential for more initial income than the typical 4% withdrawal approach. You've taken a smart approach to retirement savings that can pay off with guaranteed income from fixed annuities to protect against market volatility, less risk of outliving your savings, a greater potential to leave a legacy purchasing power through variable annuities to combat rising costs, and a chance to feel good about the future. To learn more about how to use your TIAA Traditional and the CREF accounts for diversified retirement income, speak with a TIAA financial consultant and look forward with confidence to the experiences that lie ahead. You should consider the investment objectives, risks, charges, and expenses carefully before investing. Please call 877-518-9161, or go to tiaa.org/prospectuses for current product and fund prospectuses that contain this and other information. Please read the prospectuses carefully before investing.