Is an Annuity Right for You?
Deciding if an after-tax annuity is right for you depends on your savings and income goals:
What are your goals?
I am saving for retirement.
If all of the statements below apply to you, then you should consider a deferred annuity to help you save for retirement.
- I am maxing out my employer-sponsored plan.
- I am maxing out my IRA or am not eligible for an IRA.
- I won't need to access my annuity money until I'm at least 59½.
- I have set aside emergency funds to cover at least 3 months of daily living expenses.
I need to create income now.
If all of the statements below apply to you, then you should consider an immediate annuity to help you create income now.
- I want to turn a portion of my retirement savings into income right now.
- I am in good health and expect to live into my 90s.
- I have assets set aside to cover expenses like large medical bills and/or purchases.
Annuities and life stages
Whether you are saving for retirement, approaching retirement, or living in retirement, after-tax annuities can play a useful role.
Learn more »
Whether you are saving for retirement, approaching retirement, or living in retirement, after-tax annuities can play a useful role.
Learn more »
The real truth about annuities
There are many myths about annuities from fees and expenses to mobility of investments. Get the facts by reading Dismantling the Myths of Annuities on our Learning Center.
There are many myths about annuities from fees and expenses to mobility of investments. Get the facts by reading Dismantling the Myths of Annuities on our Learning Center.
After-tax annuities are issued by TIAA-CREF Life Insurance Company (TIAA-CREF Life), 730 Third Ave., New York, NY 10017.
