How does tiaa cref work

Restricting withdrawals from the accounts allows TIAA to make investments in less-liquid but higher-returning investments in the General Account. In the GRA and RA accounts, interest credited is based largely upon when you put the money into the account.

This is among the most misunderstood features of the Traditional product. Two faculty members can have the same type of contract and the same amount in TIAA, but unless they invested at exactly the same time, they will likely have different rates of interest.

This confusion sometimes leads people to be disappointed when they see a higher rate of return than the current rate, move a lot of money into TIAA Traditional, and are surprised to find that their rate goes down! TIAA Traditional can be a great tool. All Rights Reserved. Investment advisory services provided by Penobscot Financial Advisors. Schedule Client Login. Press enter to begin your search. No Comments. Notice: JavaScript is required for this content.

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Ann S. What Is a Benefactor? A benefactor is an individual that provides money or other resources to an individual, group, or organization. How Does a Pension Plan Work? A pension plan is an employee benefit that commits the employer to make regular payments to the employee in retirement. What Was a i Plan?

A i plan was a defined-benefit pension plan that was designed for small business owners in the United States.

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Plan sponsors Consultants Advisors. It has helped prepare millions of people like you with a solid foundation for retirement. In fact, your balance will grow every day — guaranteed. You have the flexibility to choose when and how much to convert to lifetime income so you can be certain you and a spouse or partner you may choose to include will have income you cannot outlive — a choice that, aside from Social Security and pensions, only an annuity can provide.

Keep in mind that an annuity is an insurance contract that provides guarantees. TIAA Traditional has two phases. Taken together, they are designed to deliver certainty and income you cannot outlive. Accumulation Phase You get competitive interest crediting rates and a guaranteed minimum interest rate when you start putting money into TIAA Traditional.

Part of the guaranteed asset class, TIAA Traditional can help offset the effects of market fluctuations on other assets held in a diversified retirement portfolio. Try Advice Express. We'll recommend a customized investment strategy based on your age, savings rate, assets and risk tolerance in 5 minutes or less.