A guide to your retirement income options with TIAA-CREF

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "A guide to your retirement income options with TIAA-CREF"

Transcription

1 A guide to your retirement income options with TIAA-CREF Helping you make important decisions about your retirement How will I know when the time is right to retire? Making the decision to retire is no small effort, but you have taken an important step. There are many things to think about, many specific decisions that must be made, and any number of actions to take that can impact the very expectations you (and a spouse or partner) have about retirement. Much of the focus of whether you are ready to retire or not revolves around financial preparedness and how to turn your hard-earned assets into a reliable income payout. But an equally important focus revolves around your personal well-being and what you really want to do with your time and energy in the life stage we typically call retirement. It s when these two components (financial and personal well-being) come together to your satisfaction that you ll know it s the right time to retire. You re clearly already thinking about the financial aspects of retiring, as you ve received this report from an analysis on the TIAA-CREF Retirement Income Planner. You ve perhaps had a conversation about your retirement ideas with a TIAA-CREF Financial Consultant. If you haven t yet had a chance to discuss your options, just give us a call. This guide, along with the printed illustration report(s) you ve received, will help you get a good look at how much income you might receive from the assets you hold in your retirement plan and what your next steps toward retirement should be. Guaranteed retirement income for basic expenses Here at TIAA-CREF, we believe that it is extremely important for each plan participant to create a retirement income payout that they cannot outlive. A key component to ensuring lifetime income is establishing basic coverage for essential, must-have-no-matter-what expenses. We call it the guaranteed floor and the fixed-income portion of a lifetime income annuity may be the solution to meeting your basic needs throughout retirement. Regardless of how much you have saved for retirement, securing your guaranteed floor to meet your unique needs is the first step. We suggest that you consider the benefits of a low-cost, fixed-income annuity as a part of your retirement portfolio. Your personalized results are presented in the enclosed report for your review. 5 key questions Ask yourself (and your spouse or partner) these five questions to help you make the right decision if it is time to retire: W W Am I prepared for the financial realities of leaving my paycheck behind? W W Do I fully understand where my income will come from each year in retirement? W W Have I considered all of my resources for creating income in retirement? W W Have I accounted for the financial impact of not being covered by my employer s healthcare plan? W W Is my budget in place to ensure my expenses do not exceed my income? Continued next page

2 About the report The enclosed report contains detailed information about the option you selected for creating income from your TIAA-CREF Retirement Plan. This report may be the result of a recent discussion with a Financial Consultant or from an online session you ran yourself. Either way, you ll see a simulation of income for the portion of your nest egg that is held in your retirement plan. About our methodology: As with any tool or calculator, the output relies on a combination of specific input, accurate and up-todate underlying assumptions and calculations that estimate the outcome to the closest degree of accuracy. In the TIAA-CREF Retirement Income Planner, we use a deterministic methodology to estimate the dollar amount of income you can expect based on a single rate of return and the inputs you ve provided. The income amounts will not be the exact amount of money you will receive initially or throughout your lifetime, but are an illustration that includes certain assumptions. Rates of return may be higher or lower than the rate used for the estimate. However, the numbers represent the closest value we can calculate as of the running of the report. Full details on the methodology are available on the secure site at tiaa-cref.org, under the Advice & Guidance tab. How the TIAA-CREF Retirement Income Planner works In general, the estimates are based on key information that you provided about when you want to retire and how you want to receive income. You may have made changes to the set of assumptions that were included in the planner, such as inflation factor, rates of return and if Social Security would be included. There are additional underlying assumptions in the calculator that are applied to run the estimates and generate the tables and graphs that you see. If you selected a lifetime annuity option, it is important to understand that all of your investments not already in an annuity were first converted to a variable annuity for the purpose of the model. The amount of income shown in the illustration may not reflect the income that you will ultimately receive. Rather, it is a model of an income amount you could receive if you were to convert all of your equity and fixed-income investments to a variable annuity. You can change this assumption by using the Advanced Worksheet in the planner and removing your non-annuity investments from the model. The estimates of income are shown as gross income amounts. Your actual income will be reduced by the amount you will owe in taxes, and you are responsible for making timely tax payments. All of your data is stored in a highly secure area that only you can access with a login identifier and password. To run additional scenarios, simply go to tiaa-cref.org and log in to your secure account or give us a call at , Monday to Friday, 8 a.m. to 10 p.m. (ET), and Saturday, 9 a.m. to 6 p.m. (ET). What to look for in the report Carefully read the report and spend some time reviewing the tables and charts. In the end, you ll want to understand exactly how much money you will be receiving as income from the accounts and assets included in the analysis. Remember that some of your investments may have been converted to an annuity for the purposes of the model and may not reflect your actual income amount. Next steps 1. Review the information carefully and note any changes to further refine your estimates. 2. Consider all your options, amount of income and implications to the guaranteed floor. 3. Consult with your TIAA-CREF Financial Consultant to finalize your estimates and prepare to make your decisions (some of which are irrevocable). 2 Run additional reports at tiaa-cref.org or call us at

3 TIAA-CREF Retirement Income Planner Designed for those closest to retirement This powerful resource was designed to help you assess your options for retirement income based on the options available in your employer s plan. You may see some other options indicated in the planner, which may or may not be available for your plan. It is important for you to know that this planner provides estimates and information most accurately for those closest to retirement generally, 10 years or less from the target retirement date. Otherwise, consider the information educational. Once you are within one year of retiring, call TIAA-CREF to consult with a representative before you make your final income decisions. Find yourself in the chart below to understand how the report should be interpreted and used. If you are: Close to retiring (0 2 years): You want to interpret the report as follows: W W The value of your retirement plan assets can be used to approximate an amount of guaranteed income or other payout amounts. And, should be ready to make the following decisions: W W How much of your plan assets will be used to create your guaranteed income floor with a fixed-income annuity (usually between 0% and 50%) W W Which income option balances the maximum income with the least amount of risk to running out of money How you will provide for your beneficiaries Between 2 and 5 years from retirement: Within 6 10 years of retirement: Living in retirement: Too young to retire, but interested in learning more: W W The estimates in the report illustrate a close approximation of the amount of income you are on track to receive. The estimates in the report reflect an approximate income value assuming that: W W You continue your contributions W W Market performance and inflation remain constant between now and retirement W W The value of your retirement plan assets can be used to approximate a near-final amount of guaranteed income or other payout amounts. W W The estimates are not intended to project your future income, but can give you an idea of future income your assets could represent many years from now if rates of return hold at your target assumption. W W Approximate the guaranteed income you will need from your retirement plan after Social Security (if eligible) and other income sources W W Close any gaps in your plan and budget by saving more, paying off debt, or downsizing before reaching retirement. W W If you should increase your contributions for potentially more guaranteed income once in retirement W W How consolidating your assets in one place will give you a more complete picture of your future W W If you should strategically reallocate assets to prepare for income payouts W W Determine the exact amount of your plan assets that you want to convert to guaranteed income to cover your essential expenses. W W Fill out the appropriate paperwork to start your income payments. W W See how much more you should increase your contributions to help you reach your retirement goals. W W Look at how you might create income many years in the future. W W Use other more appropriate tools for helping you determine how much to save to reach your goals at tiaa-cref.org, under the Advice & Guidance tab s Tools & Calculators section. Run additional reports at tiaa-cref.org or call us at

4 Creating your income for retirement For most of us, we spend the majority of our careers working for an organization that provides us with a steady paycheck, takes care of our employment tax obligations, routes a portion of our pay to our retirement savings plan and so on. When we receive our check, the net amount is what we use to run our daily lives. The issue for many when they get ready to retire is that they must now take on the role of employer, meaning that each individual must now: Figure out how, where and when to generate gross wages; Pay quarterly taxes in the correct amount; Receive income from new sources such as Social Security and pensions; and Never run out of money as long as they are alive. It can be a complicated situation, but if you approach creating your personal income stream in a series of steps, the process is not quite so daunting! You ve already seen that working with TIAA-CREF gets you started on figuring out how to create your income in retirement. Completing the process should help you get ready to enter retirement confidently. There are five action steps to take and you are already at number three! Evaluate Estimate Meet Simplify Optimize 1. Evaluate all of your resources that you might use for income in retirement, including your full retirement plan assets held at TIAA-CREF, any other former employer plans you or your spouse or partner have in other locations, all IRAs and taxable accounts. 2. Estimate your retirement budget just how much will you need to live comfortably? If you haven t yet set up a budget, use the next page to think about your expenses. 3. Meet with or call a TIAA-CREF Financial Consultant to discuss what retirement means to you and to assess your financial resources. The Consultant can help you calculate just how much you will need to create a steady, reliable, predictable income floor that you cannot outlive. 4. Simplify your financial picture by consolidating accounts,* organizing your finances across your household and setting up accounts as needed. Ideally, you d like your retirement income to be as simple and streamlined as you have it now with your employer paycheck. Set up a process that allows you to meet your income needs reliably each and every month so you can focus on making retirement everything you want it to be! 5. Optimize your income stream making sure you can take advantage of the best income options available to you. There are many choices for converting your hard-earned savings into income. Make sure you are getting the most out of every dollar while minimizing risks and ensuring that your beneficiaries have sufficient future income. 4 Run additional reports at tiaa-cref.org or call us at * Before transferring assets or replacing an existing annuity, be sure to carefully consider the benefits of both the existing and new product. There will likely be differences in features, costs, surrender charges, services, company strength and other important aspects. There may also be tax consequences associated with the transfer of assets. Indirect transfers may be subject to taxation and penalties. Consult with your own advisors regarding your particular situation.

5 Building a confident retirement income plan begins with a budget If you haven t yet had the time to look closely at the expenses that you will need to live comfortably in retirement, now is a good time to do so. A detailed budget worksheet is available to download at tiaa-cref.org, under the Advice & Guidance tab s Tools & Calculators section. To get started with budgeting, you may find it helpful to have a basic framework for estimating expenses you expect to have in retirement and all of the resources you will have available to create your retirement income. Think about your expenses in terms of must-haves or essential needs, and nice-to-haves or discretionary wants. Your sources of income should be coordinated across your household and may include those you will receive monthly to those you will derive from investment opportunities to one-time cash amounts. Expense categories for building a retirement budget Essential expenses Those items such as food, shelter, healthcare, taxes, etc. that you must have to live each month Protection expenses Products and services that ensure that you will always have at least some amount of money in your retirement, such as life insurance, long-term care insurance, guaranteed fixed-income annuities, etc. Discretionary expenses Those optional items that you would like to have in retirement, but can forgo if your assets are running low Unique expenses Consider additional costs that you may need to incur to support adult children who have returned home, grandchildren, special needs children, your plans for a financial legacy, etc. Many retirees find that their essential expenses in retirement take up the majority of their spending. If you are uncertain where to begin, you might consider using a rough estimate of 70% essential and 30% discretionary if you are looking for a target starting point. Of course, your actual budget will vary based on your lifestyle and personal situation. A complete planning guide for budgeting is available at tiaa-cref.org, under the Advice & Guidance tab s Tools & Calculators section. Types of income sources for building retirement income Government benefits Social Security, Medicare, Medicaid Personal sources Work in retirement, investment portfolios, rental income, savings accounts, IRAs, annuities, etc. Employer sources Defined Benefit pension plans, Thrift Savings Plans, 401(k), 403(b), 457(b), SIMPLE-IRA, Profit Sharing, etc. One-time sources Inheritances, proceeds from the sale of a property or home, life insurance, etc. Use the categories listed in the tables above to think about where you will be spending your money in retirement and where your income will come from. Map out your personal situation; then review your final budget against the income estimates on the enclosed report. You ll see how much of your budget can be covered by your TIAA-CREF income options. Run additional reports at tiaa-cref.org or call us at

6 Creating income from your TIAA-CREF retirement plan assets Compare a variety of income options before choosing the one or ones that will help you meet your income needs. Keep in mind that you may be able to use more than one income option (not all options may be available in your plan). A TIAA-CREF Financial Consultant can help you determine your optimal solutions. Income Option Description Benefits Lifetime Annuity Systematic Withdrawals This option allows you to convert your retirement plan savings into a stream of income guaranteed to last as long as you live. This option allows you to draw cash out of your retirement plan on a schedule that you choose. W W Income is guaranteed to last a lifetime, no matter how long you live. W W You can choose from a range of payment options, including fixed and variable life annuities. W W No need to monitor or manage W W With a guaranteed period, you are assured that your beneficiaries will receive a minimum number of periodic payments, if you pass away during the guaranteed period. W W You control your assets and select the investment strategy that you prefer. W W Payments will be sent to you on the timetable you have selected. W W Allows for maximum flexibility with your retirement plan assets Interest-Only Payments Transfer Payout Annuity This option allows you to receive a stream of income from a TIAA Traditional balance without tapping into the principal. This option allows you to access and reallocate TIAA Traditional over a set number of years. W W You receive income without dipping into principal until required minimum distributions begin. W W The income you receive includes a guaranteed rate of 1% 3% (for most contracts) and any additional amounts declared above the guaranteed rate. W W May supplement part-time work or cover expenses if your spouse or partner retires first W W You have access to the full amount of your annuity account balance over a shorter time period. W W You will receive more income for a set period of time than if you chose a lifetime payout. W W May use as an income bridge until you reach full Social Security age or until another key source of income becomes available Fixed-Period Annuity This option allows you to set a specific number of years over which you will receive income from one or more retirement plans. W W Control how long a portion of your assets may last W W May receive a higher amount of monthly income than if you spread out income over your life using one of the lifetime options W W Prefer the flexibility of utilizing a certain portion of your overall portfolio to create income while keeping the balance invested Required Minimum Distributions This option ensures you meet the IRS rules by calculating the minimum amount you re required to receive once you reach age 70 ½, and sending that amount to you at least annually. W W Prefer that TIAA-CREF calculates your required amount and automatically sends the payment to you W W You want just the minimum amount taken from this retirement plan. W W You have other sources of income and want to invest these assets as long as possible. 6 Run additional reports at tiaa-cref.org or call us at

7 Complete information about each income option can be found in our Making the Most of Your Retirement brochure and other resources available on the secure site at tiaa-cref.org, under the Advice & Guidance tab. Choices May choose from a host of options including: Single-life annuity that provides income for you W W Joint-life annuity that provides income for both you and your annuity partner (can be a spouse, partner, child, etc.) W W Additional guaranteed period to ensure your beneficiaries receive any remaining payments W W Choose from fixed or variable options. Key Considerations to Meet Your Income Needs W W Choose to receive a guaranteed income amount from a fixed annuity or variable amounts from a variable annuity. W W Comfortable trading off flexibility for a guaranteed stream of income for your lifetime W W Taxes are due only on the income paid at your individual tax rate. May choose from a variety of payment schedules: Monthly Quarterly Semiannually Annually 7-year withdrawal option from the Retirement Choice Plan W W Prefer to manage your own investment strategy to meet your retirement income and are willing to take on market risks W W Spouse or partner can manage these assets if you should die first These assets are for discretionary expenses. Keep your principal balance in the TIAA Traditional Account while receiving a steady income stream from: Retirement Annuity Group Retirement Annuity Retirement Choice W W Prefer to maintain your TIAA Traditional Account balance until required minimum distributions begin W W Interest rate of 1% 3%, plus any additional declared amounts, is sufficient to meet your income need, even when payments fluctuate Depending on the type of plan offered with your employer, the following option may be available: W W 10 annual withdrawals over 9 years from TIAA Traditional Account principal in a Retirement Annuity or Group Retirement Annuity W W Prefer higher dollar amount of income over a shorter, specific time period W W Have other income sources that will provide sufficient income once TIAA Traditional Account is fully paid out The number of years will depend on the type of plan and annuity you own: W W From 2 to 30 years: cashable TIAA Real Estate and CREF Retirement Annuities or Group Retirement Annuities; TIAA and CREF Supplemental Retirement Annuities; TIAA and CREF IRAs W W From 5 to 30 years: TIAA Traditional Group Retirement Annuities; TIAA and CREF Group Supplemental Retirement Annuities May choose your payment schedule from: Monthly Quarterly Semiannually Annually W W Prefer higher amount of income over a shorter, specific time period W W Have other income sources that will provide sufficient income once the payment period ends W W Spouse or partner has income sources if they outlive you, and beyond the payment period selected W W Optimize tax-deferral as long as possible, then minimize taxable income W W Other income sources are available until you are 70 ½ W W Prefer the flexibility to change your mind and turn these assets into a stream of life annuity income later Run additional reports at tiaa-cref.org or call us at

8 Ask the right questions Over the years, you ve been busy raising children, running an active household, building a successful career, and so on. You might not have built in time to talk about the tough stuff. To help you get started on this important step, here are a number of questions that might be useful as you think about retirement. Ask yourself these questions, discuss them with a spouse, partner or others who will help you with your decision to retire, then take the appropriate action steps to finalize your retirement plans. Ready to retire Am I ready to leave my career and retire? Where will I live and do I want to downsize or upsize? What will I be doing once I retire? Can I actually afford to retire and do all that I want to do? Social Security and Medicare When should I start receiving my Social Security benefit? How do I apply for Social Security? When does Medicare start and how does it work? What do I do about healthcare coverage until Medicare begins? Retirement plan and taxes W W Can I tap my pension plans and what options for payouts should I take? W W Am I prepared to take my required minimum distributions and do I know how to start distributions? What are the tax implications to taking distributions? How should I plan for my estate and avoid probate for my heirs? If you are retiring within the next two years, make sure you have your financial house in order: Complete your retirement income plans and budgets. Sign up for Social Security (if eligible) and Medicare. W W Make sure all documents are in good order: will, estate plan, healthcare and financial proxies, etc. Name current beneficiaries on all financial accounts. W W Learn about healthcare coverage in retirement for your particular situation the cost, the options, and other factors. Retire with confidence There are many aspects of life to consider when moving into the phase of life we call retirement. The more thinking and planning you can do in advance, the more confident you are likely to be when it comes time to retire. Throughout the process, you should feel comfortable consulting with a TIAA-CREF Financial Consultant. They have a wealth of information and are ready to help you take your next steps forward for a confident and secure retirement! Consultants are available at , Monday through Friday, from 8 a.m. to 10 p.m. (ET), and Saturday, from 9 a.m. to 6 p.m. (ET). Guaranteed income provided by TIAA annuities is subject to TIAA s claims-paying ability. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA and SIPC. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association (TIAA) and College Retirement Equities Fund (CREF), New York, NY. You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call or log on to tiaa-cref.org for a prospectus that contains this and other information. Please read the prospectus carefully before investing Teachers Insurance and Annuity Association-College Retirement Equities Fund (TIAA-CREF), 730 Third Avenue, New York, NY C3029 A12716 (10/13)

REVIEWING YOUR TIAA-CREF INCOME CHOICES A GUIDE TO YOUR PAYMENT OPTIONS

REVIEWING YOUR TIAA-CREF INCOME CHOICES A GUIDE TO YOUR PAYMENT OPTIONS REVIEWING YOUR TIAA-CREF INCOME CHOICES A GUIDE TO YOUR PAYMENT OPTIONS FLEXIBILITY & CHOICE TIAA-CREF UNDERSTANDS YOUR FINANCIAL PRIORITIES can change over time, which is why we offer you a wide range

More information

Your Retirement Income Options. TIAA-CREF Financial Essentials

Your Retirement Income Options. TIAA-CREF Financial Essentials Your Retirement Income Options TIAA-CREF Financial Essentials Today we will discuss: 1. Determining your retirement income needs Income sources Covering your expenses 2. Threats to your retirement cash

More information

Transfer Payout Annuities

Transfer Payout Annuities Transfer Payout Annuities Transfers and Withdrawals from TIAA Traditional tiaa-cref.org The TIAA Traditional Annuity In this guide, you ll learn about our Transfer Payout Annuity (TPA), a transfer and

More information

TRANSFER PAYOUT ANNUITIES

TRANSFER PAYOUT ANNUITIES SAVING FOR RETIREMENT TRANSFER PAYOUT ANNUITIES TRANSFERS AND WITHDRAWALS FROM TIAA TRADITIONAL TIAA-CREF: FINANCIAL SERVICES FOR THE GREATER GOOD TIAA-CREF is dedicated to serving the retirement needs

More information

Lifetime retirement income

Lifetime retirement income Lifetime retirement income The foundation to seeking a secure future Retirement income options from TIAA-CREF TIAA-CREF understands that your financial priorities can change over time. This is why we

More information

SYSTEMATIC WITHDRAWALS AND TRANSFERS FROM TIAA TRADITIONAL

SYSTEMATIC WITHDRAWALS AND TRANSFERS FROM TIAA TRADITIONAL SYSTEMATIC WITHDRAWALS AND TRANSFERS FROM TIAA TRADITIONAL THE TIAA TRADITIONAL ANNUITY The TIAA Traditional Annuity is a guaranteed annuity backed by TIAA s claims-paying ability. In the accumulation

More information

A guide to payment options for employees of tax-exempt institutions. 457(b) Deferred Compensation Plan. Income choices from TIAA-CREF

A guide to payment options for employees of tax-exempt institutions. 457(b) Deferred Compensation Plan. Income choices from TIAA-CREF A guide to payment options for employees of tax-exempt institutions 457(b) Deferred Compensation Plan Income choices from TIAA-CREF TIAA-CREF: leaders in retirement planning After you stop working for

More information

Understanding Annuities

Understanding Annuities Annuities, 06 5/4/05 12:43 PM Page 1 Important Information about Variable Annuities Variable annuities are offered by prospectus, which you can obtain from your financial professional or the insurance

More information

Innovative, flexible, low-cost retirement solution

Innovative, flexible, low-cost retirement solution TIAA-CREF Life Insurance Company Innovative, flexible, low-cost retirement solution The Intelligent Variable Annuity How do you define retirement? Some people dream of traveling. Others can t wait to roll

More information

Taking the next step. A guide for beneficiaries

Taking the next step. A guide for beneficiaries Taking the next step A guide for beneficiaries TIAA-CREF listening, caring, ready to serve At TIAA-CREF, we ve been helping people build their financial futures for nearly a century. We started out offering

More information

How to make changes to your annuity income

How to make changes to your annuity income How to make changes to your annuity income What s inside 2 Your annuity income 4 TIAA Traditional annuity income 6 TIAA and CREF variable annuity income 9 Ways to adjust your annuity income 9 Transfer

More information

Minimum distribution. Making it simple

Minimum distribution. Making it simple Minimum distribution Making it simple Required minimum distributions What you need to know What are required minimum distributions?... 03 TIAA-CREF s Minimum Distribution Option (MDO)... 04 Is the Minimum

More information

Transfers and Withdrawals from the Tiaa Traditional annuity

Transfers and Withdrawals from the Tiaa Traditional annuity Transfers and Withdrawals from the Tiaa Traditional annuity Tiaa s Transfer Payout annuity This guide has information about moving funds out of the Tiaa Traditional annuity using the Transfer Payout annuity

More information

ROTH 403(b) CONTRIBUTIONS

ROTH 403(b) CONTRIBUTIONS SAVING FOR RETIREMENT ROTH 403(b) CONTRIBUTIONS A NEW WAY TO SAVE FOR RETIREMENT TIAA-CREF: FINANCIAL SERVICES FOR THE GREATER GOOD TIAA-CREF is dedicated to serving the retirement needs of those in the

More information

LIVING WELL IN RETIREMENT

LIVING WELL IN RETIREMENT TIAA-CREF LIFE GOALS SERIES LIVING WELL IN RETIREMENT MANAGING YOUR INCOME AND EXPENSES TIAA-CREF: FINANCIAL SERVICES FOR THE GREATER GOOD TIAA -CREF is dedicated to serving the retirement needs of those

More information

LIVING WELL IN RETIREMENT. Minimum Distribution: Making it simple

LIVING WELL IN RETIREMENT. Minimum Distribution: Making it simple LIVING WELL IN RETIREMENT Minimum Distribution: Making it simple TIAA-CREF: FINANCIAL SERVICES FOR THE GREATER GOOD. TIAA-CREF is dedicated to serving the retirement needs of those in the academic, medical,

More information

The Roth contribution option

The Roth contribution option The Roth contribution option For retirement plans Contents The Roth contribution option savings choice 2 Learn about the differences between pretax and after-tax contributions Comparing Roth after-tax

More information

SAVING FOR RETIREMENT. The ROTH

SAVING FOR RETIREMENT. The ROTH SAVING FOR RETIREMENT The ROTH CONTRIBUTION Option ABOUT TIAA-CREF TIAA-CREF is dedicated to serving the retirement needs of those in the academic, medical, cultural and research fields. We are committed

More information

Which retirement plan is right for you

Which retirement plan is right for you Which retirement plan is right for you Facts to help you make an informed choice between the Iowa Public Employees Retirement System (IPERS) and the Iowa Association of Community College Trustees Defined

More information

Get help achieving your financial goals.

Get help achieving your financial goals. Get help achieving your financial goals. TIAA-CREF: Committed to your overall financial well-being Did you know? TIAA was founded in 1918 to provide retirement security to university faculty. TIAA-CREF

More information

Understanding annuities

Understanding annuities ab Wealth Management Americas Understanding annuities Rethinking the role they play in retirement income planning Protecting your retirement income security from life s uncertainties. The retirement landscape

More information

PLACEHOLDER IMAGE Replace with Photography. Your guide to Tax-Deferred Annuities or Voluntary Savings Plans. How much can you contribute?

PLACEHOLDER IMAGE Replace with Photography. Your guide to Tax-Deferred Annuities or Voluntary Savings Plans. How much can you contribute? PLACEHOLDER IMAGE Replace with Photography Your guide to Tax-Deferred Annuities or Voluntary Savings Plans How much can you contribute? Saving for retirement is one of your most important financial goals.

More information

Lifetime retirement income

Lifetime retirement income Lifetime retirement income The foundation to seeking a secure future Retirement income options from TIAA-CREF Your financial priorities can change over time. That s why we offer a wide range of income

More information

Your fiscal fitness review. Financial wellness tips, tools and checklists from TIAA-CREF

Your fiscal fitness review. Financial wellness tips, tools and checklists from TIAA-CREF Your fiscal fitness review Financial wellness tips, tools and checklists from TIAA-CREF Keeping fiscally fit is more important than ever before No matter where you are in your life and career, chances

More information

Your fiscal fitness review. Financial wellness tips, tools and checklists from TIAA-CREF

Your fiscal fitness review. Financial wellness tips, tools and checklists from TIAA-CREF Your fiscal fitness review Financial wellness tips, tools and checklists from TIAA-CREF Keeping fiscally fit is more important than ever before. No matter where you are in your life and career, chances

More information

THE UNIVERSITY SYSTEM OF MARYLAND MAKING RETIREMENT PROGRAM ENROLLMENT EASY FOR YOU

THE UNIVERSITY SYSTEM OF MARYLAND MAKING RETIREMENT PROGRAM ENROLLMENT EASY FOR YOU THE UNIVERSITY SYSTEM OF MARYLAND MAKING RETIREMENT PROGRAM ENROLLMENT EASY FOR YOU WHAT MAKES TIAA-CREF DIFFERENT It is in our interest to serve your interests at TIAA-CREF; you re more than just a client

More information

Understanding annuities

Understanding annuities Wealth Management Americas Understanding annuities Rethinking the role they play in retirement income planning Helping to protect your retirement income security from life s uncertainties. The retirement

More information

Guide to online withdrawals

Guide to online withdrawals Streamlined withdrawal processing The online withdrawal process on the secure My TIAA-CREF website has the same easy-to-use navigation and functionality as other websites that you visit regularly to shop,

More information

Creating future lifetime income with Deferred Income Annuities

Creating future lifetime income with Deferred Income Annuities Creating future lifetime income with Deferred Income Annuities Fixed annuities available at Fidelity are issued by third-party insurance companies, which are not affiliated with any Fidelity Investments

More information

TIAA-CREF Life Insurance Company. Single Premium Immediate Annuities. Step closer to meeting your lifetime income needs.

TIAA-CREF Life Insurance Company. Single Premium Immediate Annuities. Step closer to meeting your lifetime income needs. TIAA-CREF Life Insurance Company Single Premium Immediate Annuities Step closer to meeting your lifetime income needs. Securing a lifetime of retirement income TIAA-CREF: Financial services More than 90

More information

Dismantling the Myths of Annuities

Dismantling the Myths of Annuities Dismantling the Myths of Annuities Annuities have a bad reputation among some people but not necessarily a well-deserved one. An annuity with broad investment choice, valuable product features and low

More information

Money At Work 1: Foundations of investing

Money At Work 1: Foundations of investing It s not about how much money you earn. It s about how much you save and invest. November 12, 2015 A TIAA-CREF Financial Essentials Workshop Bill Thorne TIAA-CREF Money At Work 1: Foundations of investing

More information

August 26, 2015. Re: Important information about your retirement plan

August 26, 2015. Re: Important information about your retirement plan MANHATTANVILLE COLLEGE 2900 PURCHASE STREET PURCHASE, NY 105772131 August 26, 2015 SECTION1 Re: Important information about your retirement plan The enclosed information is being provided to help you make

More information

Your Guide to 403(b) Tax-Deferred Annuity Voluntary Savings Plans

Your Guide to 403(b) Tax-Deferred Annuity Voluntary Savings Plans Your Guide to 403(b) Tax-Deferred Annuity Voluntary Savings Plans How much can you contribute in 2015? Tax-Deferred Annuity Plans ( TDA Plans ) are voluntary savings plans that help you build the extra

More information

Fidelity Freedom Lifetime Income. Annuity SECURE A STREAM OF INCOME THAT IS GUARANTEED FOR LIFE.

Fidelity Freedom Lifetime Income. Annuity SECURE A STREAM OF INCOME THAT IS GUARANTEED FOR LIFE. Fidelity Freedom Lifetime Income SECURE A STREAM OF INCOME THAT IS GUARANTEED FOR LIFE. Not Part of the Prospectus Fidelity insurance products are issued by Fidelity s Life Insurance Company (FILI), 100

More information

Immediate Annuity. Move confidently into the future. 10000256 Rev 0413

Immediate Annuity. Move confidently into the future. 10000256 Rev 0413 MEMBERS Single Premium Immediate Annuity GUARANTEED retirement income Move confidently into the future 10000256 Rev 0413 A financial services company serving financial institutions and their clients worldwide.

More information

Power. Simplicity. Value.

Power. Simplicity. Value. Power. Simplicity. Value. TIAA-CREF Brokerage Services: The freedom to build, control and adjust your portfolio of investments according to your goals. We have a 95-year legacy of trust. TIAA-CREF Brokerage

More information

July 28, 2015. Re: Important information about your retirement plan

July 28, 2015. Re: Important information about your retirement plan JOHN CARROLL UNIVERSITY One John Carroll Blvd. UNIVERSITY HEIGHTS, OH 441184520 July 28, 2015 SECTION1 Re: Important information about your retirement plan The enclosed information is being provided to

More information

Creating lifetime income with Immediate Fixed Income Annuities

Creating lifetime income with Immediate Fixed Income Annuities Creating lifetime income with Immediate Fixed Income Annuities Fixed annuities available at Fidelity are issued by third-party insurance companies, which are not affiliated with any Fidelity Investments

More information

LIVING WELL IN RETIREMENT MAKING THE MOST OF YOUR RETIREMENT HOW TO CHOOSE THE RIGHT INCOME OPTIONS FOR YOU

LIVING WELL IN RETIREMENT MAKING THE MOST OF YOUR RETIREMENT HOW TO CHOOSE THE RIGHT INCOME OPTIONS FOR YOU LIVING WELL IN RETIREMENT MAKING THE MOST OF YOUR RETIREMENT HOW TO CHOOSE THE RIGHT INCOME OPTIONS FOR YOU TIAA-CREF: Helping to provide you A GUARANTEED income for life For more than 90 years, we at

More information

Paving the way to a secure retirement: A model DC approach

Paving the way to a secure retirement: A model DC approach Paving the way to a secure retirement: A model DC approach Life expectancy (age) 95 90 85 49% 73% 0 20 40 60 80 100% Probability at age 65 A couple at age 65 has an 89 percent chance of one of them living

More information

Retirement income planning Get ready. Take control. Start moving.

Retirement income planning Get ready. Take control. Start moving. Retirement income planning Get ready. Take control. Start moving. Your future is too important to leave it to chance. That s why taking control of your retirement with an organized, practical approach

More information

Resource Guide. Creating a plan for lifetime income in retirement

Resource Guide. Creating a plan for lifetime income in retirement Resource Guide Creating a plan for lifetime income in retirement Freedom in retirement starts with income in retirement When it comes to planning for your future, nothing should be left to chance. That

More information

Welcome! Thanks for investing your time today.

Welcome! Thanks for investing your time today. Welcome! Thanks for investing your time today. Please sign in Fill out your name tag Address your mail card It s not about how much money you earn. It s about how much you save and invest. October 2015

More information

INVESTMENT AND PLANNING SOLUTIONS. Redefine your means in retirement. Member FINRA/SIPC

INVESTMENT AND PLANNING SOLUTIONS. Redefine your means in retirement. Member FINRA/SIPC INVESTMENT AND PLANNING SOLUTIONS Redefine your means in retirement Member FINRA/SIPC INVESTMENT AND PLANNING SOLUTIONS More guaranteed income to count on when you need it to count. It s taking that second

More information

MEMBERS Future Income Annuity

MEMBERS Future Income Annuity MEMBERS Future Income Annuity GUARANTEED INCOME FOR LIFE Move confidently into the future MFA-875346-034-046 A financial services company serving financial institutions and their clients worldwide. It

More information

Strategies for staying on track to your retirement

Strategies for staying on track to your retirement Strategies for staying on track to your retirement TIAA-CREF and you: Planning an income for life For more than 90 years, we at TIAA-CREF have dedicated ourselves to helping those who serve the greater

More information

Preparing Your Savings for Retirement

Preparing Your Savings for Retirement Preparing Your Savings for Retirement The Retirement Income Series Part 1: Preparing Your Savings for Retirement Identify sources of income, including Social Security Assess the impact of future health

More information

The Basics of Annuities: Planning for Income Needs

The Basics of Annuities: Planning for Income Needs March 2013 The Basics of Annuities: Planning for Income Needs summary the facts of retirement Earning income once your paychecks stop that is, after your retirement requires preparing for what s to come

More information

TIAA-CREF Life Insurance Company. TIAA-CREF Investment Horizon Annuity. Save tax deferred with guaranteed rates

TIAA-CREF Life Insurance Company. TIAA-CREF Investment Horizon Annuity. Save tax deferred with guaranteed rates TIAA-CREF Life Insurance Company TIAA-CREF Investment Horizon Annuity Save tax deferred with guaranteed rates TIAA-CREF: Financial services Almost 100 years ago, Teachers Insurance and Annuity Association

More information

The Basics of Annuities: Income Beyond the Paycheck

The Basics of Annuities: Income Beyond the Paycheck The Basics of Annuities: PLANNING FOR INCOME NEEDS TABLE OF CONTENTS Income Beyond the Paycheck...1 The Facts of Retirement...2 What Is an Annuity?...2 What Type of Annuity Is Right for Me?...2 Payment

More information

PLANNING YOUR RETIREMENT WITH TIAA-CREF WHAT YOU NEED TO KNOW

PLANNING YOUR RETIREMENT WITH TIAA-CREF WHAT YOU NEED TO KNOW PLANNING YOUR RETIREMENT WITH TIAA-CREF WHAT YOU NEED TO KNOW TIAA-CREF FINANCIAL SERVICES FOR THE GREATER GOOD FOR MORE THAN 85 YEARS, we have been helping millions of people working in the academic,

More information

Variable annuities. A tax-advantaged way to save for retirement

Variable annuities. A tax-advantaged way to save for retirement Variable annuities A tax-advantaged way to save for retirement Common terms Annuitant The person (may be the same as the contract owner) whose life expectancy is used to calculate the income payment amount

More information

Strategies for staying on track. throughout your retirement

Strategies for staying on track. throughout your retirement Strategies for staying on track throughout your retirement TIAA-CREF and you: Planning an income for life For nearly a century, we at TIAA-CREF have dedicated ourselves to helping those who serve others

More information

What Can a Variable Annuity Do for Your IRA? Enhancing Your Individual Retirement Account

What Can a Variable Annuity Do for Your IRA? Enhancing Your Individual Retirement Account B What Can a Variable Annuity Do for Your IRA? Enhancing Your Individual Retirement Account Your Individual Retirement Account (IRA) is an important component of your retirement planning strategy and one

More information

Loans from your Retirement Accounts

Loans from your Retirement Accounts Loans from your Retirement Accounts Table of contents 1 Borrowing limits and collateral 2 Getting your loan: What you need to know 4 Repaying your loan: What you need to know 6 Loans from retirement plans

More information

Tax-smart ways to save and invest. TIAA-CREF Financial Essentials

Tax-smart ways to save and invest. TIAA-CREF Financial Essentials Tax-smart ways to save and invest TIAA-CREF Financial Essentials Today s agenda: 1. Finding funds for saving 2. Tax law provisions promoting saving 3. TIAA-CREF savings opportunities 4. TIAA-CREF can help

More information

SAVING FOR RETIREMENT

SAVING FOR RETIREMENT TIAA-CREF LIFE GOALS SERIES SAVING FOR RETIREMENT INVESTING AT WORK AND ON YOUR OWN TIAA-CREF: FINANCIAL SERVICES FOR THE GREATER GOOD OUR HISTORY For more than 90 years, TIAA-CREF has been dedicated to

More information

Building Your Retirement Portfolio

Building Your Retirement Portfolio Building Your Retirement Portfolio With the Help of TIAA-CREF 111075_L01.indd 1 ABOUT TIAA-CREF: For more than 90 years, we at TIAA-CREF have dedicated ourselves to helping those who serve the greater

More information

College & University Retirement Plan Handbook

College & University Retirement Plan Handbook College & University Retirement Plan Handbook Table of contents 3 Introduction 3 About TIAA-CREF 4 Plan eligibility 5 Enrolling in the plan 6 Contributing to the plan 6 Leaves of absence/sabbaticals 7

More information

How to make changes to your annuity income

How to make changes to your annuity income How to make changes to your annuity income What s inside 2 Is it time to make a change? 3 Your annuity income 5 TIAA Traditional income 7 TIAA and CREF variable income 10 Ways to adjust your annuity income

More information

Given a constantly changing tax environment, what s the most effective way to save for retirement?

Given a constantly changing tax environment, what s the most effective way to save for retirement? Retirement Savings Tax Planning Tips Given a constantly changing tax environment, what s the most effective way to save for retirement? In the next few years, Congress will decide the fate of several tax

More information

Pacific. Income Provider. A Single-Premium, Immediate Fixed Annuity for a Confident Retirement. Client Guide 9/15 80002-15A

Pacific. Income Provider. A Single-Premium, Immediate Fixed Annuity for a Confident Retirement. Client Guide 9/15 80002-15A Pacific Income Provider A Single-Premium, Immediate Fixed Annuity for a Confident Retirement 9/15 80002-15A Client Guide Why Pacific Life Pacific Life has more than 145 years of experience, and we remain

More information

Turning Savings Into Retirement Income

Turning Savings Into Retirement Income Turning Savings Into Retirement Income Inside: Determining Your Income Needs Funding Your Goals Monitoring Your Retirement Income Plan For more information on BlackRock retirement income solutions, contact

More information

FOR DISCUSSION TODAY WHAT IS AN IRA? IRA EDUCATION WORKSHOP

FOR DISCUSSION TODAY WHAT IS AN IRA? IRA EDUCATION WORKSHOP IRA EDUCATION WORKSHOP More Choices, More Flexibility, More Control C40949 FOR DISCUSSION TODAY 1. WHAT IS AN IRA? 2. 3. CHOOSING YOUR IRA 4. FIVE THINGS TO REMEMBER Transfers may be subject to differences

More information

I need a financial plan for life after DROP

I need a financial plan for life after DROP deferred retirement option program (DROP) for the IBC model plan program I need a financial plan for life after DROP AXA Equitable is proud to support the IBC s Florida Education Initiative www.themodelplan.com

More information

4-Step Guide to Life Insurance

4-Step Guide to Life Insurance TIAA-CREF Life Insurance Company 4-Step Guide to Life Insurance Our promise to help you protect what matters most At TIAA-CREF, we understand the need for life insurance our promise is to help you make

More information

INCOME PLANNING FOR YOUR LIFETIME. THE FACTS ON ANNUITIES

INCOME PLANNING FOR YOUR LIFETIME. THE FACTS ON ANNUITIES { INCOME PLANNING FOR YOUR LIFETIME. } THE FACTS ON ANNUITIES ANNUITIES: INCOME PLANNING FOR YOUR LIFETIME Whether you are dreaming of golfing in Arizona or traveling around the world, a financially comfortable

More information

lifetime the foundation to a secure future

lifetime the foundation to a secure future LIVING WELL IN RETIREMENT lifetime RETIREMENT INCOME the foundation to a secure future TIAA-CREF: FINANCIAL SERVICES FOR THE GREATER GOOD. TIAA-CREF is dedicated to serving the retirement needs of those

More information

Annuities The Key to a

Annuities The Key to a Annuities The Key to a Secure Retirement 1 Saving for retirement is crucial, and making sure those resources last throughout your lifetime is just as important. Annuities do both helping you save, then

More information

LOANS. TIAA-CREF Retirement Plan Loans

LOANS. TIAA-CREF Retirement Plan Loans LOANS TIAA-CREF Retirement Plan Loans TIAA-CREF Retirement and Group Retirement Annuities are tax-deferred annuities mainly used to fund retirement plans established by an employer. Depending on your employer

More information

YOUR PERSONAL FINANCIAL ORGANIZER

YOUR PERSONAL FINANCIAL ORGANIZER YOUR PERSONAL FINANCIAL ORGANIZER WHAT'S INSIDE INTRODUCTION: UNDERSTANDING YOUR FINANCIAL ORGANIZER...1 I. FIGURING YOUR FINANCES...2 Net Worth Analysis...2 Cash Flow Analysis...4 II. GOALS, PRODUCTS

More information

Payouts. Protection. In One Place.

Payouts. Protection. In One Place. Payouts. Protection. In One Place. ING Single Premium Immediate Annuity ANNUITIES Your future. Made easier. Payouts. Protection. In today s financial world, some products provide payout options. Others

More information

Self-Directed Brokerage Account Services

Self-Directed Brokerage Account Services Self-Directed Brokerage Account Services Through Your Tiaa-Cref Ira Power up your TIAA-CREF IRA with more. A no-fee TIAA-CREF IRA 1 is a great way to help build financial security for your retirement.

More information

Payouts. Protection. In One Place.

Payouts. Protection. In One Place. Payouts. Protection. In One Place. ING Single Premium Immediate Annuity issued by ING USA Annuity and Life Insurance Company Your future. Made easier. Payouts. Protection. In today s financial world, some

More information

IRAs Unique strategies for transferring wealth and giving to charity

IRAs Unique strategies for transferring wealth and giving to charity IRAs Unique strategies for transferring wealth and giving to charity 8/24/2011 IRA Strategy #1: Giving to charity during your lifetime Applies to IRA owners who do not need their IRA distributions for

More information

Guaranteed lifetime income is subject to the claims-paying ability of the issuing insurance company.

Guaranteed lifetime income is subject to the claims-paying ability of the issuing insurance company. Get Started Today F I D E L I T Y GROWTH AND GUARANTEED INCOME, 1 Bring security and growth potential to your retirement income. Dear Investor: Thank you for your interest in the Fidelity Growth and Guaranteed

More information

RECEIVING YOUR RETIREMENT INCOME FROM TIAA-CREF A GUIDE TO YOUR INCOME ILLUSTRATIONS

RECEIVING YOUR RETIREMENT INCOME FROM TIAA-CREF A GUIDE TO YOUR INCOME ILLUSTRATIONS RECEIVING YOUR RETIREMENT INCOME FROM TIAA-CREF A GUIDE TO YOUR INCOME ILLUSTRATIONS WHAT S INSIDE TOTAL INITIAL INCOME ILLUSTRATION.........................2 DETAILED INITIAL INCOME ILLUSTRATION......................8

More information

Income Plus Variable Annuity

Income Plus Variable Annuity Just the facts about New York Life... Income Plus Variable Annuity What is the New York Life Income Plus Variable Annuity? 1 Why should I consider Income Plus with the Guaranteed Future Income Benefit

More information

Single Premium Immediate Annuities

Single Premium Immediate Annuities TIAA-CREF Life Insurance Company Single Premium Immediate Annuities Step closer to meeting your lifetime income needs Securing a lifetime of retirement income TIAA: Financial services Nearly 100 years

More information

A PROFESSIONAL S GUIDE TO INCOME OPPORTUNITIES USING ANNUITIES

A PROFESSIONAL S GUIDE TO INCOME OPPORTUNITIES USING ANNUITIES A PROFESSIONAL S GUIDE TO INCOME OPPORTUNITIES USING ANNUITIES CPAs Attorneys Enrolled Agents Tax Professionals Professional Education Network TM www.edwardjones.com/teamwork CONTENTS 1 Introduction 2

More information

Voya Single Premium Immediate Annuity

Voya Single Premium Immediate Annuity Voya Single Premium Immediate Annuity issued by Voya Insurance and Annuity Company Payouts. Protection. In One Place. Payouts. Protection. In One Place. In today s financial world, some products provide

More information

Be prepared for whatever comes your way.

Be prepared for whatever comes your way. Fixed Annuities Your 5-minute Guide Be prepared for whatever comes your way. Prepare for the unexpected When it comes to the retirement you ve worked so hard for, you might not be willing to accept the

More information

Understanding Your Retirement Plans Changes Essential Information for Participants of the tufts university retirement plans

Understanding Your Retirement Plans Changes Essential Information for Participants of the tufts university retirement plans Understanding Your Retirement Plans Changes Essential Information for Participants of the tufts university retirement plans 2 Introducing the changes to your Tufts University retirement plans Effective

More information

SAVING FOR RETIREMENT LOANS FROM YOUR RETIREMENT ACCOUNTS

SAVING FOR RETIREMENT LOANS FROM YOUR RETIREMENT ACCOUNTS SAVING FOR RETIREMENT LOANS FROM YOUR RETIREMENT ACCOUNTS TABLE OF CONTENTS 02 Borrowing Limits and Collateral 03 Getting Your Loan 05 Repaying Your Loan 09 Retirement, Group Retirement, Retirement Choice

More information

Create a Lasting Legacy by Stretching Your IRA or Non-Qualified Annuity

Create a Lasting Legacy by Stretching Your IRA or Non-Qualified Annuity Stretch Your Assets Create a Lasting Legacy by Stretching Your IRA or Non-Qualified Annuity Presented by: Stan The Annuity Man CN0524-10288-0615 Important Disclosures Fixed index annuities are insurance

More information

January 2014. Helping participants generate a lifetime of income

January 2014. Helping participants generate a lifetime of income January 2014 Helping participants generate a lifetime of income At the beginning of the 1980s, defined benefit plans were the dominant retirement approach in the U.S. 30 million Americans were covered

More information

PERSONAL FINANCE. annuities

PERSONAL FINANCE. annuities PERSONAL FINANCE annuities 1 our mission To lead and inspire actions that improve financial readiness for the military and local community. table of contents What You Should Know... 02 Annuity Basics...

More information

Thinking Past Savings: Research from TIAA-CREF Reinforces the Need to Focus Clients on Reliable Retirement Income

Thinking Past Savings: Research from TIAA-CREF Reinforces the Need to Focus Clients on Reliable Retirement Income VOLUME 5, N U M B E R 1 Fundamental Planning Strategies Thinking Past Savings: Research from TIAA-CREF Reinforces the Need to Focus Clients on Reliable Retirement Income BY ED VAN DOLSEN ED VAN DOLSEN

More information

A NEW WAY TO SAVE FOR RETIREMENT INTRODUCING THE ROTH OPTION C46803

A NEW WAY TO SAVE FOR RETIREMENT INTRODUCING THE ROTH OPTION C46803 A NEW WAY TO SAVE FOR RETIREMENT INTRODUCING THE ROTH OPTION C46803 TODAY S DISCUSSION 1. WHAT IS THE ROTH OPTION? 2. WHO MIGHT BENEFIT? 3. CONTRIBUTION LIMITS 4. DISTRIBUTION AND ROLLOVER OPTIONS 5. WHAT

More information

Your Fiscal Fitness Review. Financial wellness tips, tools and checklists from TIAA-CREF especially for State University of New York employees

Your Fiscal Fitness Review. Financial wellness tips, tools and checklists from TIAA-CREF especially for State University of New York employees Your Fiscal Fitness Review Financial wellness tips, tools and checklists from TIAA-CREF especially for State University of New York employees Keeping fiscally fit is now more important and easier than

More information

Voya Single Premium Immediate Annuity

Voya Single Premium Immediate Annuity Voya Single Premium Immediate Annuity issued by Voya Insurance and Annuity Company Payouts. Protection. In One Place. Payouts. Protection. In One Place. In today s financial world, some products provide

More information

LIVING WELL IN RETIREMENT. Minimum Distribution: Making it simple

LIVING WELL IN RETIREMENT. Minimum Distribution: Making it simple LIVING WELL IN RETIREMENT Minimum Distribution: Making it simple TIAA-CREF: FINANCIAL SERVICES FOR THE GREATER GOOD. TIAA-CREF is dedicated to serving the retirement needs of those in the academic, medical,

More information

Flexible Premium Deferred Annuity Handbook. Concepts and Definitions

Flexible Premium Deferred Annuity Handbook. Concepts and Definitions Flexible Premium Deferred Annuity Handbook Contents Overview of Annuities 3 Definition of Flexible Premium Deferred Annuity (FPDA) 4 What is the Difference Between a Qualified and Nonqualified Annuity?

More information

Make a note of the disclaimer on the bottom of the slide it may come in to play as you are prospecting for clients.

Make a note of the disclaimer on the bottom of the slide it may come in to play as you are prospecting for clients. This is an introduction to the benefits of selling annuities. If you are an experienced annuity seller, then this class may not be the one for you. If you are not used to selling annuities, hang on and

More information

Redefine your means in retirement. So you can do more of what matters.

Redefine your means in retirement. So you can do more of what matters. Redefine your means in retirement. So you can do more of what matters. More guaranteed income to count on when you need it to count. It s taking that second vacation instead of giving it a second thought.

More information

Get a head start on your future. A step-by-step overview of the coming Swarthmore College Regular Retirement Plan updates

Get a head start on your future. A step-by-step overview of the coming Swarthmore College Regular Retirement Plan updates Get a head start on your future. A step-by-step overview of the coming Swarthmore College Regular Retirement Plan updates Welcome to your updated retirement program. What do the updates mean to you? How

More information

TIAA-CREF RETIREMENT CHOICE ANNUITIES PRODUCT COMPARISON

TIAA-CREF RETIREMENT CHOICE ANNUITIES PRODUCT COMPARISON TIAA-CREF RETIREMENT CHOICE ANNUITIES PRODUCT COMPARISON To help you effectively manage your retirement plan in today s increasingly complex regulatory and compliance environment, TIAA-CREF offers the

More information

G U A R A N T E E D I N C O M E S O L U T I O N S NEW YORK LIFE LIFETIME INCOME ANNUITY

G U A R A N T E E D I N C O M E S O L U T I O N S NEW YORK LIFE LIFETIME INCOME ANNUITY G U A R A N T E E D I N C O M E S O L U T I O N S NEW YORK LIFE LIFETIME INCOME ANNUITY NEW YORK LIFE: BUILT FOR TIMES LIKE THESE New York Life Insurance Company, the parent company of New York Life Insurance

More information