TIAA-CREF’s Tim Walsh, managing director, is featured in Morningstar’s article, â403(b)s Becoming More Like 401(k)s â With One Big Exception.â The article highlights the value of annuities in 403(b) plans to provide income for life.
An annuity is a contract between the insured and an insurance company that is designed for retirement to provide a stream of income for life. A fixed annuity provides both tax-deferred accumulation and a minimum level of income. A variable annuity can also provide tax-deferred accumulation and lifetime income options, but offers a choice of investments as well. While guarantees are based on the claims paying ability of the issuing insurance company, payments from the variable annuities are not guaranteed and will rise or fall based on investment performance. With variable annuities, your money will be subject to the risks associated with investing in securities, including loss of principal.
TIAA-CREF Individual & Institutional Services, LLC, and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products.
You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call 877-518-9161 or log on to www.tiaa-cref.org for current product and fund prospectuses that contain this and other information. Please read the prospectuses carefully before investing.