TIAA Retirement Annuity Accounts TIAA Traditional Annuity Retirement Annuity (RA) Guaranteed As of 3/31/2019 Account Description The TIAA Traditional Annuity is a guaranteed annuity account backed by the claims-paying ability of Teachers Insurance and Annuity Association of America (TIAA). It . One participant accumulated within TIAA Traditional's Retirement Annuity contract making level monthly contributions of about $67 per month over a 30-year career. The other transferred the same amount into TIAA Traditional on 12/31/93.
TIAA, formerly known as TIAA-CREF (Teachers Insurance and Annuity Association – College Retirement Equities Fund), is a financial services organization that is the main retirement provider for people who work in the academic, research, medical, and cultural fields. TIAA is headquartered in New York city and has $564 billion in assets under management (as of 12/31/2015).AUM: US $854 billion. TIAA, but rather is a notional portfolio of assets within TIAA’s general account that is managed with the goal of supporting both the TIAA Traditional Annuity’s interest guarantees and its liability dynamics. The Reference Portfolio is mainly composed of intermediate to long-term, investment grade debt instruments and wholly owned real estate.
Most people working in the public education system have access to TIAA-CREF investment options within their employer-sponsored plan. Many upcoming retirees who have TIAA-CREF encounter confusion about how the TIAA Traditional Annuity option works, and in particular how it works when you want to take your money out. Note that participants who contribute to TIAA Traditional over the long term may receive higher income amounts, since they would get the rates applicable to the older vintages as shown above. Figures shown above are based on the TIAA Traditional Standard Payment Method.