Financial Times Article Features TIAA-CREF as Model for Retirement Industry

A recent article in the Financial Times features TIAA-CREF’s retirement offerings, and says that they are often better for investors saving for retirement than other plans including 401(k)s.

Read the article here.

The AAA ratings mentioned in the article are insurance financial strength ratings, that they are subject to change and do not apply to variable annuities, mutual funds, or any other product or service not fully backed by TIAA’s/TIAA-CREF Life’s claims-paying ability

The 50 basis point expense calculation described in the article is based the average of various hypothetical TIAA-CREF participant portfolios funded with annuities offered to nonprofit institutions serviced by TIAA-CREF. The example assumes a 60% allocation to the CREF Stock Account, and smaller allocations to the TIAA Real Estate Account and TIAA Traditional fixed annuity. Please note the TIAA Real Estate Account carries an expense ratio of 1.01%. The calculation does not consider all CREF variable annuity accounts, or mutual funds and Access annuity products also offered by TIAA-CREF.

Payout figures are based on assumptions concerning a single life annuity funded with pre-tax dollars, for an individual aged 65 with a payout interest rate of 4%, utilizing TIAA-CREF mortality assumptions. The impact of taxes and certain investment expenses, which would reduce the amount of income received, are not reflected in this illustration. The rates of return used in this example are hypothetical and are intended for illustrative purposes only. They do not represent and cannot predict or project the performance of any specific insurance or investment products. Actual results will vary. Lifetime income guarantees are backed by the claims-paying ability of the issuer

TIAA-CREF products may be subject to market risk and other risk factors.

Results experienced by the TIAA-CREF participants mentioned above may not be typical of all participants. Individual results (and investment value) will vary.

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. Payments from the variable annuity accounts (and mutual funds) are not guaranteed and will rise or fall based on investment performance.

You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call 877 518-9161, or go to for a current prospectus that contains this and other information. Please read the prospectus carefully before investing.

TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products.


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