Exchanging your savings for income payments (referred to as "annuitization") is a permanent decision and once lifetime income payments has been selected you are unable to change to another option.
This material is for informational or educational purposes only and does not constitute fiduciary investment advice under ERISA, a securities recommendation under all securities laws, or an insurance product recommendation under state insurance laws or regulations. This material do es 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.
1 Any guarantees under annuities issued by TIAA are subject to TIAA's claims paying ability.
2 Annuity account options are available through contracts issued by TIAA or CREF. These contracts are designed for retirement or other long term goals, and offer a variety of income options, including lifetime income. Payments from the variable annuity accounts are not guaranteed and will rise or fall based on investment performance
Diversification is a technique to help reduce risk. It is not guaranteed to protect against loss.
Annuitization recommendations are a brokerage service provided by TIAA-CREF Individual & Institutional Services, LLC ("TC Services"), a registered broker/dealer, Member FINRA, SIPC. They are intended for use by residents of the United States, U.S. Virgin Islands and Puerto Rico.