Secure Income Account (SIA)

How are these numbers calculated?

The Estimated Payments are not guaranteed; they are an estimate based upon these hypothetical assumptions: declared interest earnings of 4.45% (Ticker: GS00#) during accumulation. Estimated lifetime income payments are based on the 2024 TIAA dividend mortality rates for a single life annuity with a 10-year guaranteed period, as well as hypothetical additional amounts based on the number of accumulation years (0% for 1-5 years; increasing 0.5% annually years 6-39; 17.5% for 40+ years).

Projected income is expressed in future dollars and not adjusted for inflation, which causes a dollar amount in the future to have less purchasing power than today.

This calculator is an estimate using the assumptions above. For those with existing accumulations in the TIAA Secure Income Account, contact your plan recordkeeper's call center and ask about lifetime income options from your TIAA Secure Income Account balance. They will have the ability to conference in a TIAA consultant to provide information on the benefits of lifetime income, request a personalized lifetime income illustration, and begin the process of starting lifetime income payments if you are ready to do so.

The Estimated Payments are intended to illustrate the potential of the TIAA Secure Income Account, a fixed interest annuity that provides guaranteed interest between 1-3%. Although the TIAA Secure Income Account is a new TIAA fixed annuity, it has some similarities to other TIAA fixed annuities such as the TIAA Traditional. TIAA has credited interest above our guaranteed rate on one or more contracts every year since 1948 and has paid more total lifetime income benefits than it has guaranteed every year since 1949. TIAA may share profits with TIAA Traditional Annuity owners through declared additional amounts of interest during accumulation, higher initial annuity income, and through further increases in annuity income benefits during retirement. These additional amounts are not guaranteed beyond the period for which they are declared. Although TIAA intends to take a similar approach for TIAA Secure Income Account owners, note that the actual amounts of interest and lifetime income above the guaranteed minimum for the TIAA Secure Income Account may differ from TIAA Traditional.

Important Information

Before rolling over assets, consider your other options. You may be able to leave money in your current plan, withdraw cash or roll over the assets to your new employer's plan if one is available and rollovers are permitted. Compare the differences in investment options, services, fees and expenses, withdrawal options, required minimum distributions, other plan features, and tax treatment. Speak with a TIAA consultant and your tax advisor regarding your situation. Learn more at TIAA.org/reviewyouroptions.

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 calculator is intended to provide you with information to help you make informed decisions. You should not view or construe the availability of this calculator as a suggestion that you take or refrain from taking a particular course of action, as the advice of an impartial fiduciary, as an offer to sell or a solicitation to buy or hold any securities, as a recommendation of any securities transactions or investment strategy involving securities (including account recommendations), or as a recommendation to rollover or transfer assets to TIAA. In making this calculator and information available to you, TIAA assumes that you are capable of evaluating the information and exercising independent judgment. As such, you should consider your other assets, income and investments and you should not rely on the information as the primary basis for making investment decisions. The information that you may derive from this calculator is for illustrative purposes only and is not individualized or based on your particular needs. This material does 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. The purpose of the calculator is not to predict future returns, but to be used as education only. The assumptions underlying this calculator are provided here and will change over time and from time to time. Contact your tax advisor regarding the tax implications. You should read all associated disclosures.

Past performance is no guarantee of future results.