At this stage, you may have 10-15 years until retirement. Since you already contribute the maximum amounts to your existing 401(k)s and IRAs, another long-term, tax-deferred investment could help complete your investment portfolio.
Because you’re not planning to retire immediately, you should consider a deferred annuity. Since your investments are intended for a longer term, you may want to seek something with variable investment options; an annuity like this offers the potential for larger returns in exchange for some risk.2
The TIAA-CREF Life Intelligent Variable Annuity from TIAA-CREF Life Insurance Company (TIAA-CREF Life) could be right for you. Visit our Intelligent Variable Annuity page to learn more, or download the TIAA-CREF Intelligent Variable Annuity brochure (PDF) and read the prospectus.
Then, find out if this type of annuity is available where you live.
2 There are always inherent risks associated with investing in securities. As with all securities, your accumulations can increase or decrease depending on how well the underlying investments perform over time.