Our TIAA Traditional fixed annuity* helps you diversify part of your retirement savings now, and it provides guaranteed lifetime income for living expenses in retirement.
How can I get out of a TIAA annuity?
The Transfer Payout Annuity minimum is the lesser of $10,000 or 100% of your TIAA Traditional account balance. If your employer’s plan permits, you can withdraw or roll over the full TIAA Traditional account balance within 120 days of ending your employment (subject to a 2.5% surrender fee).
Are there any annuities issued by TIAA or CREF?
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. Any guarantees under annuities issued by TIAA are subject to TIAA’s claims-paying ability.
What does TIAA mean by lifetime income in retirement?
When we talk about lifetime income at TIAA, we are referring to payments in retirement that can help cover essential living expenses. Just as you may have built a diversified savings plan for retirement, you can apply the same strategy to pay yourself in retirement.
What kind of annuity is TIAA stable value?
TIAA Traditional and TIAA Stable Value are fixed annuity products issued through contracts by Teachers Insurance and Annuity Association of America (TIAA), 730 Third Avenue, New York, NY, 10017: TIAA Traditional form series includes but is not limited to: 1000.24; G-1000.4; IGRS-01-84-ACC; IGRSP-01-84-ACC; 6008.8.
Why are CREF variable annuities good for You?
They can contribute through your retirement plan and have the potential for long-term growth and increased purchasing power to offset inflation and rising costs. They can take money out by choosing among flexible income options including testing out monthly payments for up to two years. Why CREF?