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  2. No fees

    Any guarantees under annuities issued by TIAA are subject to TIAA’s claims-paying ability. Income from the variable accounts will rise or fall based on the performance of the underlying investments. Choosing these options will reduce the amount received once annuitized. There are no fees or charges to initiate or stop this feature.
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    hr.umich.edu/sites/default/files/tiaa-pre-retiree-distribution-options.pdf
    hr.umich.edu/sites/default/files/tiaa-pre-retiree-distribution-options.pdf
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  3. People also ask
    Does TIAA offer CREF variable annuities?Many of TIAA’s retirement plans are anchored by its CREF variable annuities, which act like mutual funds but can later be annuitized, or transformed into a stream of income in retirement.
    How much does a TIAA variable annuity cost?Rates vary depending on the specifics of your contract and the time at which you open your account. The Intelligent Variable Annuity® is a variable annuity product from TIAA with a minimum opening investment of $2,500. You, the annuitant, have your pick of more than 60 different investment options within the annuity.
    What are TIAA expense ratios?The expense ratios of all mutual funds and variable annuity accounts managed by TIAA are among the lowest cost in the industry.2 Expenses can vary among investment options due to the complexity of their investment strategies, risks and other factors.
    What is a TIAA-CREF variable annuity?Given its features, it is likely that a financial or insurance advisor would describe this TIAA-CREF variable annuity as a way to enhance and grow your retirement portfolio, as well as a way to supplement your retirement income down the road. With that in mind, remember that variable annuities are designed for doing two main things.
     
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