1 Additional amounts, when declared by TIAA's Board of Trustees, remain in effect for the "declaration year," which begins each January 1 for payout annuities. Additional amounts of interest or lifetime income, when declared, are not guaranteed for periods other than the period for which it is declared.
2 TIAA Actuarial Department. This exhibit reflects two hypothetical participants with equivalent ending account balances of approximately $100,000 that retire at age 65 and select the same single life annuity with a 10-year guarantee period using TIAA's Standard payout annuity where payments begin on 1/1/94. One participant accumulated within TIAA Traditional's Retirement Annuity contract making level monthly contributions of about $67 per month over a 30-year career. The other transferred the same amount into TIAA Traditional on 12/31/93. The career contributor received more initial lifetime income, in part, because of TIAA's return of contingency reserves that have built up on older contributions. The chart also reflects any post-retirement increases in lifetime income, also as a result returning these reserves. Interest or income in excess of the guaranteed amount is not guaranteed for periods other than the period for which it is declared. Past performance is no guarantee of future results.
3 Source: TIAA Actuarial Department, based on actual historical data of the TIAA Standard payout annuity.
Annuity contracts contain exclusions, limitations, reductions of benefits, and may contain terms for keeping them in force. A financial consultant can provide you with cost and complete details.
The TIAA Traditional Annuity Retirement Annuity (RA) contract form series 1000.24; Group Retirement Annuity (GRA) certificate form series G-1000.4 or G-1000.5/G1000.6 or G1000.7 (not available in all states); Supplemental Retirement Annuity (SRA) contract form series 1200.8; Group Supplemental Retirement Annuity (GSRA) certificate form series G1250.1; Retirement Choice (RC) contract form series IGRS-01-84-ACC; Retirement Choice certificate series IGRS-CERT2-84-ACC; Retirement Choice Plus contract form series IGRSP-01-84-ACC; Retirement Choice Plus certificate series IGRSP-CERT2-84-ACC; Group Annuity (GA) contract form series 6008.8 and 6008.9-ACC; After-Tax Retirement Annuity (ATRA) contract form series 1000.24-ATRA; IRA contract form series 1280.2, 1280.4 (not available in all states and generally no longer issued), or TIAA-IRA-01 and Roth IRA contract form series 1280.3 or 1280.5 (not available in all states and generally no longer issued), or TIAA-Roth-01; and Keogh certificate form series G1350 (not available in all states) are issued by Teachers Insurance and Annuity Association of America, 730 Third Avenue, New York, NY 10017.
Although TIAA Traditional lifetime income payments may increase while in retirement, it is not an inflation-indexed annuity. Please note that the TIAA Group of companies does not provide tax or legal advice and you should consult your own advisors.
Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.
Any guarantees under annuities issued by TIAA are subject to TIAA's claims-paying ability. TIAA Traditional and TIAA Stable Value are guaranteed insurance contracts and not an investment for federal securities law purposes.
Annuity contracts are issued by Teachers Insurance and Annuity Association of America (TIAA). This material is for informational or educational purposes only and does not constitute a recommendation or investment advice in connection with a distribution, transfer or rollover, a purchase or sale of securities or other investment property, or the management of securities or other investments, including the development of an investment strategy or retention of an investment manager or advisor. This material does not take the account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made in consultation with an investor's personal advisor based on the investor's own objectives and circumstances.
TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and SIPC, distribute securities products. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Each is solely responsible for its own financial condition and contractual obligations.
© 2018 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, 730 Third Avenue, New York, NY 10017
533289
