This issue describes the Teachers Insurance and Annuity Association College Retirement Equities Fund (TIAA-CREF) life-annuity income options and traces the trends in their selection over a 17-year period, 1978-1994. Other income-related choices at or before retirement are also explored. The article...
It was reported that school and university participants have experienced payment delays and these have affected lump-sum annuity disbursements, systematic payments, transfer of payout annuities, interests payments on retirement options and individual retirement accounts. TIAA-CREF officials have informed the...
Aggregating across all income recipients at a point in time, not just the new recipients, the proportion who had a life annuity as part of their payout strategy fell from 52% in 2008 to 31% in 2018. At the same time, the proportion of all income recipients taking an RMD payment rose ...