For help and advice, call us anytime at 800-842-2252. You can also contact us online.
- After enrolling, you'll receive a TIAA Welcome Kit and a Legal Package including your contract and contract number.
- Review your Welcome Kit carefully to verify the information is correct, including investments and beneficiary information.
- You may also review your existing accounts and make transactions online by logging into your secure account.
When you enroll online, you create an individual account where you can view your balances, change your investment mix, make transfers and other transactions.
If you're already enrolled, log in to your secure account from the login button at the top of the home page of this site.
There are a number of important differences between mutual funds and annuities when they are offered under a retirement plan.
- A mutual fund is a pool of securities, such as stocks and bonds, managed by an investment company.
- An annuity is an insurance contract with one or more fixed-rate and variable investment options.
As for income options, annuities offer you the opportunity for lifetime income with or without guaranteed payments for a fixed time period*. Or you can decide to receive income for a certain number of years or take a cash withdrawal (depending on your plan’s provisions). Mutual funds offer systematic withdrawals. Otherwise, mutual funds and annuities are treated very similarly when offered as part of your employer’s retirement plan.
*Guarantees are subject to the claims-paying capability of the insurer. Payments from variable accounts will fluctuate based on investment performance.
Many participants enjoy the diversity of investing in mutual funds in their retirement plans.
- The mutual funds chosen for your retirement savings plan provide the opportunity to focus on specific market segments - all of which offer varying degrees of risk and reward opportunities.
- By owning a combination of funds with different investment characteristics, you may be able to offset the poor performance of one asset class with another that is benefiting from an upward trend. However, diversification doesn't guarantee against loss.
Mutual funds offer diversification, professional management, relatively low investment minimums and fees, and a range of choices among different asset classes.
Owning mutual funds can reduce risk through diversification and professional management, and allow you to potentially invest in a broad range of asset classes – U.S. and non-U.S. stocks, bonds, and real estate – with smaller amounts of assets.
No, there is no tax advantage to owning variable annuities or mutual funds in your TIAA-funded retirement plan. Both options receive favorable tax treatment under the plan.
There are several technology companies that offer end-to-end notarization systems. TIAA has partnered with Proof.com (f/k/a Notarize.com) (proof.com/customers/tiaaOpens in a new window) to offer a digital and secure way for you to fulfill notarization requirements for your forms.
READY TO CHOOSE YOUR INVESTMENT OPTIONS?
Choosing where to invest your money can seem complicated, but we can help make it simple. Here are some helpful resources for you to explore your investment strategy options.
Watch a video that will help you understand your investment optionsOpens dialog
View our Investment guideOpens pdf
View our TIAA financial consultant meeting prep guideOpens pdf
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View From the Top
Does seeing these four words make you sweat? Don't worry. We can help you understand how to choose a strategy so you can feel confident in your approach to retirement planning.
Let's start by looking at three AIR employees. They all have questions about retirement investments. They all have different financial goals. Let's see how they each consider their own individual needs to create a strategy that's just right for them.
Jasmin has more going on than just work. As a new investor, she doesn't feel she has the time to learn everything she needs to know to build a portfolio that will grow with her throughout her career.
We're here to help. The key is understanding your investment options. Ready for a crash course on investments? Okay, let's start with the importance of diversifying your portfolio.
Different types of assets' performance may vary under different market conditions. Investing in a variety helps protect your portfolio if any one asset falls in value and helps ensure better overall performance and security.
AIR has worked with TIAA to provide a wide variety of investment options available to you, organized across four distinct categories. Let's take a look.
Target date funds work a little differently than the other options we'll discuss. They come with a preset, diverse asset mix that automatically adjusts over time. With the other you'll have the ability to control your own diversification.
Consider choosing the fund closest to your anticipated retirement date.
Passively managed funds offer a customizable mix of low-cost funds designed to keep pace with market returns.
Actively managed funds offer similarly diverse options but with the advantage of being professionally managed with a goal to outpace market benchmarks.
Guaranteed income options slot in beside the other options, including target date funds, they add security to your savings with guaranteed growth and stability to your retirement with a monthly paycheck as long as you live.
Now that Jasmin has a better understanding of her investment choices, she works with her TIAA financial consultant to find a mix of assets that's just right for her.
And Jasmin isn't alone. What about Javier, who's in his prime earning years but hasn't updated his strategy in some time? Well, there's a mix of investments that's just right for him too. And he's got help from one of TIAA's financial consultants, at no cost, anytime he needs it.
Let's look at Kaia, who, like Jasmin, didn't know a lot about investing when she was starting out. She's been virtually meeting regularly with a financial consultant for most of her career.
Now she's ready to retire with confidence.
Every AIR employee, including you, can create a personalized investment portfolio with the help of a TIAA financial consultant. Just like Jasmine did. And Javier. And Kaia, of course.
Take control of your financial future by selecting your investments today. Plus, get ongoing support from our team of TIAA financial consultants. Schedule a meeting now at TIAA.org/schedulenow.
Disclosure: This material is for informational or educational purposes only and does not constitute fiduciary investment advice under ERISA, a securities recommendationunder all securities laws, or an insurance product recommendation under state insurance laws or regulations. This material does not take into account specificobjectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on the investor'sown objectives and circumstances.Investment, insurance, and annuity products are not FDIC insured, are not bank guaranteed, are not bank deposits, are not insured by any federal governmentagency, are not a condition to any banking service or activity, and may lose value.You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call 877-518-9161 or go to www.TIAA.org/prospectus for current product and fund prospectuses that contain this and other information. Please read the prospectuses carefully before investing.The TIAA group of companies does not provide legal or tax advice. Please consult with your legal or tax advisor.Advisory services are provided by Advice & Planning Services, a division of TIAA-CREF Individual & Institutional Services, LLC, a registered investmentadviser.TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributes securities products. Annuity contracts and certificates are issued byTeachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Each is solely responsible for itsown financial condition and contractual obligations. Each of the foregoing is solely responsible for its own financial condition and contractual obligations.©2023 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, 730 Third Avenue, New York, NY 10017GVD-3131451PS-O0923X
Your Retirement Benefits
Ready to enroll
Choose your plan and enroll today
Select a retirement plan and begin the enrollment process. Contact your HR Benefits Office for additional information and assistance.
- AIR 403(b) Tax-Deferred Annuity Plan
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Keep in mind: You may need to complete the required form found at American Institutes for Research to tell your employer how much money you want taken out of each paycheck.
Make a selection before beginning enrollment
Call TIAA at 800-842-2252
See what's available to you
You can put money away for retirement while saving on taxes.
- AIR 403(b) Tax-Deferred Annuity Plan View plan details
Take charge of your future today
Learn ways to save and invest to help you prepare for your retirement.
Not sure where to begin?
Tell us about your future goals and we’ll help you plan.
I want to live the way I’m living today
Many financial planners estimate that you’ll need 80-90% of your pre-retirement income to maintain your lifestyle in retirement. As you get older, more of that money may need to go toward healthcare and other essential expenses.
Retirement annuities can help replace your salary with monthly income that’s guaranteed for life.
Simplifying can help your money last longer
Think how long your retirement savings will need to last. People are living longer than ever. When we turn 65, there’s an 80% probability that we’ll live to 80, and a 27% chance we’ll reach 95.*
Plan to save at least enough to cover the essential and inevitable expenses, like healthcare, long after you retire.
Think about using TIAA’s online Retirement Advisor Tool to help you set goals and create a plan that may help achieve them.
* TIAA Mortality Tables 2013
Consider these ways to maximize your future retirement income:
Contribute the maximum annual amount to your retirement savings. The most you can contribute in 2023 is $22,500 per IRS rules.
Consider contributing to annuities1 that offer growth opportunities while your're saving and monthly income that’s guaranteed for life when you retire.
1Annuities are designed for retirement savings or for other long-term goals. They offer several payment options, including lifetime income. If you make a withdrawal prior to age 59½, you may be subject to a 10% penalty in addition to ordinary income tax. The value of a variable annuity is subject to market fluctuations and investment risk so that, if withdrawn, it may be worth more or less than its original cost.
You can start saving now and make the most of your benefits
Contributing even a small amount now can potentially make a big difference by the time you retire. The earlier you start contributing to retirement plan investments, the more you can potentially save.
Thanks to compounding, any earnings on your investments gets reinvested and can potentially earn even more money, and so on.
Take advantage of your job’s retirement benefits. Many employers offer contribution matching. Other benefits may be available, such as pre-tax and tax-deferred contributing, which could help maximize your savings.
Please keep in mind that there are inherent risks in investing. It is possible to lose money by investing in securities.
Think about these three easy things to do to help you pursue your goals for retirement:
- Contribute as much as you can afford, up to the IRS limit
- Get the most from any employer matches (if they're available)
- Check your investment mix. Does it still make sense in relation to your age and lifestyle? Strive for a smart balance of aggressive and conservative investments that fit your needs.
Please keep in mind that there are inherent risks in investing. It is possible to lose money by investing in securities.
Good! Keep on track and continue making contributions to your plan
Think about these three easy things you can do to keep your momentum & finish strong:
Taking advantage of any new plans or matches your employer may offer.
Reviewing your current investment mix to see if you need to rebalance your portfolio as you near retirement.
Protecting your retirement savings through guaranteed annuities. These lower risk products offer a guaranteed income that you can’t outlive. You may have access to these products when you choose your options in enrollment.
Annuities are designed for retirement and other long-term goals. They offer several payment options, including lifetime income. Guarantees are based on the claims-paying ability of the issuer. However, payments from CREF and TIAA variable annuities are not guaranteed and the payment amounts will rise or fall depending on investment returns. Investment in variable products is subject to the risks associated with investing in securities, including loss of principal. Withdrawals of earnings are subject to ordinary income tax plus a possible federal 10% penalty if made before age 59½.
The sooner you get started, the more you can potentially save
Any savings have the potential to help in the future, but ideally, you still should aim for 10-15% of your pre-tax income annually.
Social Security will only replace about 40% of your pre-retirement income for the average worker, so you and your employer need to cover the rest.
Please keep in mind that there are inherent risks in investing. It is possible to lose money by investing in securities.
Great! 10-15% is what most financial consultants recommend
Aim to contribute this much (which can include contributions from your employer, if available) throughout your entire working career.
If your employer offers to match your contribution, make sure you save enough to trigger that match. Most employers require you to save a certain amount before they will match it – when they do, it’s all extra money! Take advantage of it.
That’s okay! As a general guide, aim to contribute 10-15%
Over the course of your career, that's how much it may take to potentially generate the income you need for retirement.
If 10-15% is an amount you can't afford right now, contribute as much as you can comfortably afford. Then strive to increase that amount by putting raises toward it and small annual increases.
For financial guidance, call 800-842-2252 to speak to a TIAA financial consultant.
We’re glad you feel confident. If you need help, we’re here.
During enrollment, once you choose your contribution amount, you can direct your contributions to a range of investment options.
View and compare your investment options before you enroll.
No worries! We can help you pick investments that work for you.
First, think about how far off retirement is. Then, determine your comfort level with risk and reward. This will help guide which investments you choose.
Generally speaking, riskier investments should be made when you’re younger, so you have plenty of time to potentially recoup losses. As you get older, you’ll likely want to shift to conservative investments with lower risk. Consider adding annuities1 to your retirement plan so you can create a foundation of guaranteed monthly income for life when you stop working. There are plenty of options and every investor is different.
Think about using the Retirement Advisor ToolOpens in a new window to get more insights or call one of our experienced financial consultants to discuss more options at 800-842-2252.
1Annuities are designed for retirement savings or for other long-term goals. They offer several payment options, including lifetime income. If you make a withdrawal prior to age 59½, you may be subject to a 10% penalty in addition to ordinary income tax. The value of a variable annuity is subject to market fluctuations and investment risk so that, if withdrawn, it may be worth more or less than its original cost.
Great, let’s get you on your way!
To recap, here's what you'll want to think about when you enroll:
- Save at least enough to trigger your employer's match (if available)
- Aim to save a total of 10-15% pre-tax annually
- Add incremental increases annually to painlessly boost your savings over time
Ready to enroll
Choose your plan and enroll today
Select a retirement plan and begin the enrollment process. Contact your HR Benefits Office for additional information and assistance.
- AIR 403(b) Tax-Deferred Annuity Plan
-
Keep in mind: You may need to complete the required form found at American Institutes for Research to tell your employer how much money you want taken out of each paycheck.
Make a selection before beginning enrollment
Call TIAA at 800-842-2252
That’s okay! We can help with more education
We realize the enrollment process requires making tough decisions. There are often lots of complex rules and regulations, and it can be hard to figure out what plans & benefits you’re eligible for or which investments are available to you.
You can leave the tool now and go to Insights to read articles, use tools and see videos that will help you step forward.
Learn ways to save and invest
Get professional advice to help you save and invest for your future.
Reach out to us if you have questions
Find out who to contact about enrollment or investing.