Everyone's vision of retirement is different, including ours. We provide lifetime income through low-cost annuities, which let you turn your savings into monthly payments you can't outlive.
TIAA Traditional, our flagship fixed annuity since 1918 protects your principal and earnings*, setting a solid foundation for retirement. We also invented the variable annuity in 1952 when we launched CREF Stock account and now offer 8 types - with options to invest in real estate and socially responsible companies.
Our fixed and variable annuities give you the choice between guaranteed and lifetime income and other flexible income options. And, our annuities are generally less than half the industry average.** Many may be offered through your retirement plan.
Contributing to an annuity during your working years can potentially help you build your nest egg. And an annuity may provide income for as long as you live - even when other retirement savings run out instilling the confidence you need.
*Any guarantees under annuities issued by TIAA are subject to TIAA's claims-paying ability. Payments from the variable accounts will rise or fall based on investment performance.
**Applies to mutual fund and variable annuity expense ratios. Source: Morningstar Direct, June 30, 2019. 76% of TIAA-CREF mutual fund products and variable annuity accounts have expense ratios that are in the bottom quartile (or 97.55% below median) of their respective Morningstar category.
Our mutual fund and variable annuity products are subject to various fees and expenses, including but not limited to management, administrative, and distribution fees; our variable annuity products have an additional mortality and expense risk charge.