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Whether retirement is just around the corner or you've already reached it, it's time to think about how you'll create income from the savings you've built up during your career - an actual plan for income.
And for most retirees, that plan will generally be made up of a combination of two different types of income sources that you can turn on to cover your expenses:
Those that will pay you until they are depleted, like withdrawals from savings accounts, target date funds and other mutual funds...
...and those that will continue to pay you for life - no matter what the markets might bring - once you turn on their income features, like Social Security, pensions and annuities.
And, as someone who contributed to TIAA Traditional and CREF annuities, this means that you'll have the option built into your plan to simply turn on additional lifetime income that you can feel confident will continue to pay you every month, for the rest of your life.
Because unlike mutual funds you might hold, TIAA Traditional and CREF were built to provide lifetime income in retirement.
You can customize how much you want to convert into lifetime income and when you want that income to start, along with other options.
And you can make those decisions with confidence, knowing that at TIAA, we have over 100 years of experience providing customers, like you, with annuity incomes that last a lifetime. In fact, we've never missed a payment to our retirees.
Turning on customized lifetime income from your TIAA Traditional or CREF annuity could mean you'll spend less time worrying about your income in retirement and more time enjoying the life you've built.
Ready to learn more about your plan's built-in lifetime income? TIAA is here to help. Call us today.
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.