TIAA-CREF LIFE GOALS SERIES
ACHIEVING YOUR FINANCIAL GOALS WE CAN HELP YOU SUCCEED
TIAA-CREF: FINANCIAL SERVICES FOR THE GREATER GOOD OUR HISTORY
For more than 90 years, TIAA-CREF has been dedicated to the needs of our participants – those, like you, who serve the greater good through their work in the academic, medical, cultural and research fields. And, because you do what you do, we want to make sure you have everything you need to plan for and live through the successful retirement you deserve. OUR GUIDING PRINCIPLES
With our strong nonprofit heritage, we have long subscribed to a different set of guiding principles: We are committed to seeking consistent, long-term performance and solid returns. We strive to keep our fees low to help ensure more of your money is working hard for you. We offer personalized, objective advice by noncommissioned consultants* and, perhaps most important, we leverage our knowledge and expertise to provide retirement income solutions that guarantee you won’t outlive your income.** OUR MISSION
The mission we embarked on in 1918 still rings true today. TIAA-CREF is dedicated to serving the financial needs of those who serve the greater good. We were there when you began your careers helping others. And we intend to be there to help you plan for — and live well in — retirement. * .TIAA-CREF compensates the consultants through a salary-plus-incentive program based on client service excellence and financial results. Consultants will only recommend products that help achieve our clients’ goals. ** Guarantees are subject to the claims-paying ability of the issuer.
HOW YOU CAN REACH YOUR GOALS 2
SAVING FOR RETIREMENT Investing at work and on your own
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SAVING FOR EDUCATION Finding the right way to pay for college
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INVESTING FOR LIFE’S GOALS Saving for major purchases and objectives
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PROTECTING AGAINST THE UNEXPECTED Insuring and safeguarding your loved ones
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BUILDING YOUR LEGACY Developing an estate plan
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LIVING WELL IN RETIREMENT Managing your income and expenses
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WHAT MAKES TIAA-CREF DIFFERENT We put your interests first
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SUMMARY: FINANCIAL SOLUTIONS FROM TIAA-CREF A quick review of the ways we can help
SAVING FOR RETIREMENT INVESTING AT WORK AND ON YOUR OWN Making the most of your workplace retirement plan is a solid start toward a secure retirement. But will it be enough? People are living longer, facing higher medical bills and coping with uncertainties about Social Security and Medicare. To be fully prepared for retirement, you need a plan that takes into account your employer’s plan and other investments.
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How TIAA-CREF Can Help MAXIMIZE SAVINGS AT WORK
Be sure to participate in your employer’s retirement plan, which offers investments from TIAA-CREF, including variable annuity accounts. Under your employer’s plan, you choose your investments, and when the time comes, decide how to take your benefits as income during retirement. If your employer’s plan allows you to make extra contributions, TIAA-CREF offers a supplemental retirement plan. Contributions are automatically deducted from your paycheck and your employer may even offer matching contributions. With this plan, you allocate contributions to a wide array of investment choices, including variable annuity accounts and mutual funds. SAVE BEYOND YOUR WORKPLACE
To lower this year’s taxes while saving more for retirement, consider a no-fee TIAA-CREF Traditional IRA.1 You’ll get a tax deduction in the current year (subject to certain qualifications) and tax-deferred growth until you make withdrawals. Your spouse or partner can also open a no-fee TIAA-CREF IRA. You can also consolidate IRAs you have with other providers and retirement plans from former employers by rolling them over to a TIAA-CREF IRA.2 TIAA-CREF also offers a no-fee Roth IRA.1 It doesn’t provide a current tax 1
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deduction, but your money grows tax free, and the withdrawals are tax free (subject to certain qualifications). To save for retirement and have the option of providing lifetime income for you and a loved one, think about a TIAA-CREF after-tax annuity. It lets you invest a virtually unlimited amount of money every year.3 Your contributions and earnings grow tax free until you make withdrawals. To save even more, you can invest after-tax money in TIAA-CREF mutual funds, and a TIAA-CREF Brokerage Services account, which provides for online trading of stocks, bonds, ETFs, CDs, money market funds as well as thousands of mutual funds.4 You may be able to utilize our Portfolio Advisor5 or Private Asset Management6 as managed account solutions to help refine your investment objectives. TAKE ADVANTAGE OF OPTIONS FOR SELF-EMPLOYMENT INCOME
If you or your spouse or partner have self-employment income, consider TIAA-CREF SEP IRA and Keogh Plans. These both allow tax-deductible contributions with high limits, and still offer tax-deferred growth. SEP IRAs have the added benefit of requiring less paperwork than Keoghs.
HERE’S HOW TO DO IT Participate fully in your employer’s plan Capitalize on taxadvantaged savings plans outside of work such as Traditional IRAs, Roth IRAs and after-tax annuities Consider consolidating IRAs and retirement plans from former employers Explore additional savings in a SEP IRA or Keogh if you have self-employment income Invest additional after-tax assets in a brokerage account, mutual fund or annuity
TAKE THE NEXT STEPS Contact us for objective advice, a detailed guidebook on Saving for Retirement or help opening any of these accounts with TIAA-CREF.
There is no account fee to own a TIAA-CREF IRA; however, brokerage transaction fees may apply. In addition, investors are subject to the underlying funds’ portfolio management fees and expenses. Be sure to carefully consider differences in features, costs, charges and expenses, services, company strength and other important aspects. There may also be surrender charges and tax consequences associated with the transfer. Indirect transfers may be subject to taxation and penalties. Consult with your own advisors regarding your particular situation. As with all securities, your accumulations can increase or decrease, depending on how well the underlying investments perform over time. TIAA-CREF does not guarantee the performance of the underlying investments. Brokerage fees may apply. 5 Minimum investment $50,000. 6 Minimum investment $750,000. 3
SAVING FOR EDUCATION FINDING THE RIGHT WAY TO PAY FOR COLLEGE The cost of education rises relentlessly. Even with scholarships and low-interest loans, an enormous burden usually falls on the student and his or her family. College savings serve two functions: offering a child the widest range of college choices, and lessening the debt that you and the student will incur. The earlier you start saving, the greater your chances of success.
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How TIAA-CREF Can Help SELECT THE RIGHT TAX-ADVANTAGED SAVINGS PROGRAM
TIAA-CREF offers several ways to save for college expenses, with a range of tax and investment benefits. For tax-deferred growth of your college savings, state-sponsored 529 College Savings Plans offer a simple way to achieve it. Withdrawals for qualified college expenses are free of federal and (usually) state income tax. There are no income restrictions.1 To save for K–12 as well as college costs, a Coverdell Education Savings Account (CESA) enables you to do both. Like a 529 Plan, a CESA offers tax-deferred growth of your savings. But unlike a 529 Plan, a CESA can be used for K–12 private school tuition and expenses, as well as for college. You can contribute up to $2,000 a year in a CESA, and qualified withdrawals are free of federal tax.
rate (for tax year 2010). UGMAs/UTMAs have no annual contribution limits. SAVE MORE ON YOUR OWN
To save for college while keeping full control of your money, consider opening a TIAA-CREF Brokerage Services account2. This account offers online trading of stocks, bonds, ETFs, CDs, money market funds and thousands of mutual funds from the nation’s bestknown mutual fund families, as well as a cash management account. These accounts have no contribution limits, no income limits and virtually limitless investment choices. You can even change your mind and spend the money on something other than higher education. Remember that you receive no tax advantages for money you put aside in a brokerage account and other fees may apply.
If you want to save for college while maximizing your immediate tax savings, consider opening a mutual fund in your child’s name through a Uniform Gift or Transfer to Minors Act (UGMA or UTMA) custodial account. These accounts can be opened in a child’s name by parents, grandparents or others. They offer unique tax benefits: The first $950 in annual earnings in the account is tax free, and the next $950 is taxed at the child’s
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HERE’S HOW TO DO IT Save on a tax-deferred basis with a 529 College Savings Plan (For more information, visit tiaa-cref.org/ educationsavings) Set money aside for K–12 and college with a Coverdell Education Savings Account (CESA) Open a mutual fund account in your child’s name through a custodial (UGMA/UTMA) account Invest for maximum control and flexibility using after-tax investments in mutual funds or a TIAA-CREF brokerage account
TAKE THE NEXT STEPS Ask for a copy of our detailed guidebook on Saving for Education. A TIAA-CREF noncommissioned consultant can answer questions and help you open any of these accounts with TIAA-CREF.
Before investing in a 529 Plan, you should consider whether the state you or your designated beneficiary reside in or have taxable income in has a 529 Plan that offers favorable state income tax or other benefits that are only available if you invest in that state’s 529 Plan. Brokerage fees may apply
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INVESTING FOR LIFE’S GOALS SAVING FOR MAJOR PURCHASES AND OBJECTIVES We all have goals — some essential, some simply desirable — and almost all of them require money. Whether it’s a down payment on a home, a wedding or a big vacation, the first step toward achieving it is establishing priorities and time frames. Next, you need to estimate how much each goal is likely to cost, and fit each one into your short-, medium- or long-term investment plans.
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How TIAA-CREF Can Help GET HELP PLANNING
MEDIUM-TERM GOALS
TIAA-CREF offers many ways to help you achieve your various financial goals. Our consultants can provide professional guidance on prioritizing goals, budgeting and making investment decisions.
When your time frame is three to nine years, you can balance the need for stability with the quest for somewhat higher returns. Here’s how: ■
MATCH YOUR TIME FRAME TO THE RIGHT INVESTMENTS
TIAA-CREF offers a full range of mutual funds, as well as access to virtually any investment through our Brokerage Services.
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SHORT-TERM GOALS
For money that you’ll need in less than three years, safety and stability are most important. Consider: ■
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TIAA-CREF money market funds, which earn interest while normally maintaining a stable share value. The TIAA-CREF Money Market Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the fund. TIAA-CREF’s cash management account, which offers a competitive yield, check writing, a MasterCard® debit card and more. Certificates of deposit, FDIC- insured offerings from banks, are conveniently available in a TIAA-CREF Brokerage Services account.
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TIAA-CREF fixed-income (bond) funds are considered moderate in terms of volatility and potential for investment returns. Individual bonds (including tax-free municipal bonds) and bond funds from many leading mutual fund families, can be held in a Brokerage Services account. Balanced mutual funds or mixed portfolios of individual stocks and bonds are available through a Brokerage Services account.
HERE’S HOW TO DO IT Get help defining your goals and investing your assets Develop a time frame for each goal For short-term goals, consider money market funds, a cash management account and CDs For medium-term goals, consider bond funds, individual bonds, or balanced mutual funds For long-term goals, invest in stock funds, individual stocks and ETFs
LONG-TERM GOALS
TAKE THE NEXT STEPS
With a time frame of 10 years or more, you can look for investments that have the potential for higher returns. That’s because you have time to ride out downturns in the market. For example:
A TIAA-CREF noncommissioned consultant can help you define goals and make informed decisions. Call us for a detailed guidebook on Investing for Life’s Goals or help opening a mutual fund or Brokerage Services account with TIAA-CREF.
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TIAA-CREF’s equity (stock) funds tend to offer greater returns — and be more volatile — than bond funds.
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Individual stocks and ETFs can be purchased and held in a TIAA-CREF Brokerage Services account.
TIAA-CREF also offers managed account solutions to help refine your investment objectives: Portfolio Advisor1 or Private Asset Management.2
Minimum investment $50,000. Minimum investment $750,000. 7
PROTECTING AGAINST THE UNEXPECTED INSURING AND SAFEGUARDING YOUR LOVED ONES People tend to insure valuable items like houses and cars against loss. But the greatest potential loss to your family is the loss of you and your earning power. That’s why financial plans generally include life insurance to provide for survivors and an emergency fund for three to six months of expenses.
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How TIAA-CREF Can Help MAKE SURE YOU HAVE ENOUGH LIFE INSURANCE
Whether you’re single, married with children, own a home, rent an apartment, are sending a child to college or are retired — you buy insurance for peace of mind. Safety for you and your loved ones is what’s most important. The simplest type is term life. It provides coverage for a specific period of time (the term), which can be one year or more. TIAA-CREF offers two types. For the lowest initial cost, consider annual renewable term life insurance. Premiums are particularly low for young people, but they increase each year as you grow older. Our levelterm life insurance policy offers premiums that are guaranteed not to increase for a set period of time, such as 10, 15, 20 or 30 years. CONSIDER LIFE INSURANCE THAT ALSO HELPS YOU SAVE
Permanent life insurance is intended to remain in force for your entire life, and policies offer insurance coverage as well as the potential to accumulate cash value. TIAA-CREF offers permanent life insurance in several varieties. For maximum payment flexibility, TIAA-CREF’s Universal Life (UL) provides life insurance protection with a cash value that typically earns a rate of interest comparable to that of a money market account. For a policy that covers two people, consider Survivorship Universal Life (SUL).
TIAA-CREF’s Variable Universal Life (VUL) and Survivorship Variable Universal Life (SVUL) combine life insurance protection with the potential to accumulate cash value based on the performance of investment subaccounts selected by the policyowner. BUILD AND MAINTAIN A THREE- TO SIX-MONTH EMERGENCY FUND
TIAA-CREF offers an attractive array of choices that are accessible and stable. Our money market funds* offer maximum stability, by investing in high-quality, very short-term securities. They provide you with liquidity (easy access), pay interest and seek to maintain a stable value of $1 per share. Our short-term fixed-income (bond) funds generally pay higher interest than money market funds if you’re willing to take a little more risk. Remember too that the cash value in a permanent life insurance policy can act as a source of emergency funds.**
HERE’S HOW TO DO IT Compare your insurance options: term, permanent and universal life Purchase the life insurance that’s right for you and your loved ones Build up a three- to sixmonth emergency fund Keep your emergency fund money accessible by investing it in money market funds, short-term bonds or CDs through a TIAA-CREF brokerage account
TAKE THE NEXT STEPS Contact us for objective advice, a detailed guidebook on Protecting Against the Unexpected or help applying for a life insurance policy, or help opening a mutual fund or Brokerage Services account with TIAA-CREF.
Or, for the broadest range of investment choices for your emergency fund, consider a TIAA-CREF Brokerage Services account. In a single account, you can purchase and hold CDs and U.S. Treasury securities, as well as thousands of mutual funds from leading companies. Also, our cash management account features a competitive yield, convenient check writing and a MasterCard® debit card.
* Money market funds are neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund. ** Please note, however, that policy loans will reduce the cash value and death benefit by the amount of the loan outstanding, and interest and withdrawals will have a permanent effect on the cash value and death benefit.
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BUILDING YOUR LEGACY DEVELOPING AN ESTATE PLAN If you’ve accumulated assets and want to pass them on to your children or grandchildren, charitable organizations or other beneficiaries, you’ll need an estate plan. A good plan will ensure that your assets are distributed according to your wishes, minimize taxes and other estate expenses, preserve your family’s privacy and avoid potential conflict among family members.
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GET STARTED CALL 800 842-2252 VISIT TIAA-CREF.ORG
How TIAA-CREF Can Help DRAW UP A WILL AND KEEP IT CURRENT
Everyone needs a will. It’s an effective way to ensure that your estate — whatever its size or content — will be settled according to your wishes. A will makes things easier for your heirs when your estate is distributed. It can also designate a guardian for your minor children, if their other parent doesn’t survive you. If you don’t have a will, or if your will may not be up to date, it’s time to draw up a new one. CONSIDER A TRUST
A trust is a legal way to hold and transfer assets for the benefit of your beneficiaries. (It serves as a supplement, not a replacement, to a will.) Trusts can help you achieve many of your estate planning goals. To minimize taxes and other estate costs, a trust can help by creating tax deductions, credits and strategies to reduce probate costs. Trusts are particularly useful for making sure that married couples take full advantage of the marital deduction to reduce or even eliminate estate taxes. A trust can provide ongoing financial support and professional management to take care of your loved ones after you’re gone. This way, you can ensure care for minor or special needs children, aging relatives, spouses or other dependents.
If you’re concerned about becoming incapacitated, a living trust can ease your mind. You can serve as the trustee while you’re healthy, and name a successor trustee to take over and manage your assets if you become unable to do so. For participants with significant assets, the TIAA-CREF Trust Company can help implement your estate plan. We’ll work with you and your attorney to administer any trusts you’ve established according to the terms of the trust — whether your main goal is reducing taxes, taking care of your family or fulfilling your charitable intent. EXPLORE LIFE INSURANCE OPTIONS FOR ESTATE PLANNING
You can find out about the many uses of life insurance in estate planning from the TIAA-CREF Life Insurance Company. For example, if you’re concerned about making sure your estate can pay any required taxes, a survivorship life insurance policy is worth considering.* The proceeds are paid at the death of the second spouse, when the heaviest tax liability usually occurs. A variable universal life (VUL) policy can provide an effective means of accumulating wealth and leaving that wealth as a legacy to your heirs.
HERE’S HOW TO DO IT Create (or update) your will Explore the benefits of trusts Develop a living trust if you’re concerned about becoming incapacitated Consider a variable universal life (VUL) policy for transferring wealth to your heirs
TAKE THE NEXT STEPS Contact us for a detailed guidebook on Building Your Legacy or help with setting up a trust, estate plan or life insurance policy with TIAA-CREF. Neither TIAA-CREF nor its affiliates offer tax or legal advice. Please consult your CPA or attorney on such matters.
* The policy offers a choice of investments and an opportunity for the policy value and death benefit to grow based on the investment results of the investment options. The policy value and death benefit may go up or down on any day depending on the investment results of the investment option you select, the premiums you pay, the policy fees and charges we deduct, and the effect of any policy transactions (such as transfers, partial withdrawals, and loans). Keep in mind that the death benefit is a guarantee that is subject to the claims-paying ability of the issuing company.
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LIVING WELL IN RETIREMENT MANAGING YOUR INCOME AND EXPENSES If you’re thinking seriously about retiring or changing to part-time work over the next 5 to 10 years, or even sooner, now is the time to start figuring out how much income you’ll need — and how to provide it. You’ll also need to assess your personal circumstances, such as your health, risk tolerance, tax situation and whether you will be providing just for yourself, or for others as well.
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How TIAA-CREF Can Help CHOOSE THE BEST WAY TO RECEIVE RETIREMENT INCOME
TIAA-CREF’s original mission was to help educators live more comfortably in retirement. Today, we pay out billions of dollars in income to retirees each year, with a special expertise in converting workplace retirement accounts into lifetime income annuities. We also provide an array of other income options, including interest-only, systematic, lump-sum and minimum distribution withdrawals, as well as fixed-period income. You can build flexibility into your withdrawal plan that will allow you to adjust your income as circumstances change. For example, if you continue working part time or are in phased retirement, you can set up withdrawals to meet your current income needs while keeping the flexibility to change your arrangement when you need permanent income. TIAA-CREF consultants are here to help you sort through these important choices with objective advice. CONSOLIDATE YOUR SOURCES OF INCOME
investments (bonds), annuities, certificates of deposit and thousands of mutual funds from TIAA-CREF and many of the nation’s most well-known and respected mutual fund companies. CAREFULLY MANAGE YOUR SPENDING AND INVESTMENTS
We offer several ways to efficiently manage your financial life. To keep track of spending and investments, look into the cash management account, through TIAA-CREF Brokerage Services. Features may include unlimited check writing, a consolidated statement, a MasterCard® debit card, expense tracking and investment cost-basis tracking. If you have significant assets and more complex financial needs, TIAA-CREF Trust Company can help. The Trust Company can provide effective ways to consolidate your accounts, optimize retirement income distributions, guard your family’s financial security, preserve the wealth you’ve accumulated over the years or create a legacy for your loved ones.
HERE’S HOW TO DO IT Decide how you want to turn your savings into income Simplify your finances by consolidating your assets* Manage your spending with a cash account that offers a debit card and check writing Learn how a trust can help you preserve and transfer wealth if you have significant assets Be sure to get objective advice on these critical financial decisions
TAKE THE NEXT STEPS Contact us for objective advice, a detailed guidebook on Living Well in Retirement or help setting up a retirement income annuity, IRA rollover, cash management or trust account with TIAA-CREF.
GET ADVICE FROM RETIREMENT PROFESSIONALS
To gain more control of your savings and save time, effort and expense, consider rolling over retirement assets from IRAs and employer plans to a single no-fee TIAA-CREF IRA.*
Sometimes it’s difficult to make the right choices. If you want advice from a financial professional, TIAA-CREF offers objective, professional investment advice, based purely on your needs.
For the broadest range of investment choices in one account, the TIAA-CREF IRA is a good choice. You can buy, sell and hold equities (stocks), fixed-income
TIAA-CREF also offers Private Asset Management with the attention of a personal portfolio manager if you invest $750,000 or more.
*Be sure to carefully consider differences in features, costs, charges and expenses, services, company strength and other important aspects. There may also be surrender charges and tax consequences associated with the transfer. Indirect transfers may be subject to taxation and penalties. Consult with your own advisors regarding your particular situation.
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WHAT MAKES TIAA-CREF DIFFERENT IT’S IN OUR INTEREST TO SERVE YOUR INTERESTS At TIAA-CREF, we always stay focused on the best interests of our participants, with: ■
PERSONALIZED, OBJECTIVE ADVICE. TIAA-CREF’s noncommissioned consultants can give you an objective analysis of your portfolio at no additional cost to you.1 This analysis is designed to help you plan and invest for a more successful retirement, based on your career stage and retirement income goals.
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LOW FEES. We strive to keep operating costs low, charging fees
that are less than half the industry average, as measured by Morningstar Direct.2 TIAA-CREF annuities and mutual funds come with no sales charges, and you won’t pay a fee to transfer between investments. ■
A WIDE ARRAY OF INVESTMENTS WITH IMPRESSIVE HISTORICAL TRACK RECORDS. Among them, the TIAA-CREF
variable annuity accounts and mutual funds. Having invented the variable annuity in 1952, TIAA-CREF has long pioneered its use in funding retirement investing. ■
A COMMITMENT TO CONSISTENT GROWTH OVER THE LONG TERM. At TIAA-CREF, we don’t play to the whims of the market.
Instead, we think long term and are committed to consistent performance. And it helps that our investment professionals have an average tenure of more than 19 years of industry experience. ■
LEADERSHIP YOU CAN TRUST — SINCE 1918. TIAA-CREF has
been a leader in corporate governance and accounting reform for many years — long before these issues moved into the mainstream. Today, TIAA-CREF is trusted by a host of premier institutions across the nation. These are some of the ways we express our commitment to being the full-service financial services provider that you can trust.
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Our consultants receive no commissions. We compensate them through a salary plus incentive program based on client service excellence and financial results. Consultants will only recommend products that help achieve our clients’ goals. March 2010, based on Morningstar expense comparisons by category.
OUR CONSULTATIVE APPROACH TIAA-CREF takes a disciplined, five-step consultative approach to creating your investing strategy. We offer something that’s hard to find in the financial world — professional, objective advice and guidance based purely on your needs. We can offer an overall view of your financial picture and goals, and a realistic assessment of your current investment strategies. FIVE STEPS TO HELP YOU REACH YOUR GOALS
1 Assess Your Financial Needs
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Review Your Progress
Analyze Your Goals and Objectives
4 Help Implement Your Strategy
3 Recommend Solutions
With retirement planning, our objective advice takes the form of specific asset allocation recommendations* on mutual funds and annuities. We can also help you figure out how much you should be saving for retirement, relative to your age and projected retirement date. TIAA-CREF also offers Private Asset Management for our participants with $750,000 or more to invest. With this service, you’ll receive the personal attention of a portfolio manager specifically assigned to your account. Your portfolio manager will construct and manage your portfolio around individual securities, mutual funds or an appropriate blending of the two, paying close attention to the tax effects of purchases and sales made on your behalf. For all of our participants, our advice is free from any conflict of interest. This helps to ensure you get answers that are in your best interest. *
Provided through Ibbotson Associates
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SUMMARY: FINANCIAL SOLUTIONS FROM TIAA-CREF Here’s a quick review of the many ways that TIAA-CREF can help you achieve your financial goals. When you’re ready, our consultants are available with information and objective advice to help you put your plans into action.
SAVING FOR RETIREMENT
INVESTING FOR LIFE’S GOALS
Primary ■ Your Employer’s Retirement Plan (Workplace and Supplemental Plans) ■ IRAs (Traditional, Roth and SEP) ■ Keogh Plan ■ After-tax Annuities
Primary ■ Brokerage Services ■ Mutual Funds
Supplemental ■ Brokerage Services ■ Mutual Funds ■ Portfolio Advisor* ■ Private Asset Management**
SAVING FOR EDUCATION Primary ■ 529 College Savings Plans ■ Coverdell Education Savings Account ■ Specialized Custodial Accounts (UGMA, UTMA) Supplemental ■ Brokerage Services
Supplemental ■ Portfolio Advisor* ■ Private Asset Management**
PROTECTING AGAINST THE UNEXPECTED Primary ■ Term Life Insurance - Annual Renewable Term - Level Term ■ Permanent Life Insurance - Universal Life - Variable Universal Life - Survivorship Universal Life - Survivorship Variable Universal Life Supplemental ■ Brokerage Services ■ Mutual Funds - Money Market Funds - Short-term Bond Funds
TIAA-CREF BROKERAGE SERVICES ALLOWS YOU TO BUY, SELL AND HOLD U.S. STOCKS, TAXABLE AND MUNICIPAL BONDS, AND ETFs. You may trade online, over the phone or with assistance from a consultant. Brokerage Services also offers a convenient cash management account with a competitive yield, check writing, automatic bill payment and a MasterCard® debit card.
*Minimum investment $50,000 **Minimum investment $750,000
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MAKE A
CHANGE FOR THE GOOD SM
BUILDING YOUR LEGACY ■
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Trust Services** - Estate Planning - Trust Administration - Trust Asset Management Life Insurance - Variable Universal Life - Survivorship Variable Universal Life
TIAA-CREF CAN HELP BY PHONE
Call us at 800 842-2252 to speak with one of our experienced consultants. They are available Monday to Friday from 8 a.m. to 10 p.m. and Saturday from 9 a.m. to 6 p.m. (ET). ONLINE
Visit us at tiaa-cref.org to explore the many ways that we can serve your financial needs. To send an e-mail message to us, just click Contact Us at the top of the home page.
LIVING WELL IN RETIREMENT Primary ■ Flexible Income Options - Lifetime Income - Cash and Systematic Income - Minimum Distribution - Interest Only ■ IRA Rollover Services ■ After-tax Annuities
IN PERSON
You can arrange a one-on-one meeting with a TIAA-CREF consultant at the TIAA-CREF office nearest you. To find a local office, go to tiaa-cref.org/local.
Supplemental ■ Trust Services** - Private Asset Management - Asset Consolidation - Retirement Income Optimization - Wealth Preservation ■ Brokerage Services ■ Mutual Funds
NOTES:
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The tax information contained herein is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding tax penalties that may be imposed on the taxpayer. It was written to support the promotion of the products and services addressed herein. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor. You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call 877 518-9161, or go to tiaa-cref.org for a current prospectus that contains this and other information. Please read the prospectus carefully before investing. Annual Renewable Term Life Insurance policy form series TCL-RT1; Level Term Life Insurance policy form series TCL-LPT.1; Intelligent Life Universal Life Insurance policy form series AM-SUL.2 and AM-SUL.3 (2008); Intelligent Life Variable Universal Life Insurance policy form series AM-SVUL.2 and AM-SVUL.3 (2008); and Intelligent Life Survivorship Variable Universal Life Insurance Policy form series AM-JVUL.3 (2008) are issued by TIAA-CREF Life Insurance Company, 730 Third Avenue, New York, NY 10017. TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Insurance products are issued by TIAA-CREF Life Insurance Co., New York, NY. TIAA Trust Company, FSB provides trust services. Brokerage services are offered through TIAA-CREF Brokerage Services, which is a division of TIAA-CREF Individual & Institutional Services, LLC, member FINRA/SIPC. Investment products are not FDIC insured, may lose value and are not bank guaranteed. TIAA-CREF® and FINANCIAL SERVICES FOR THE GREATER GOOD® are registered trademarks of Teachers Insurance and Annuity Association. Advice and Planning Services is a division of TIAA-CREF Individual & Institutional Services LLC. ©2010 Teachers Insurance and Annuity Association-College Retirement Equities Fund (TIAA-CREF), New York, NY 10017
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