BUSINESS CENTS
that never run out.
Seek professional advice.
In order to effectively address financial uncertainty, you should seek professional advice to build a plan and cultivate the skills needed to deal with adverse events or circumstances. A financial planner has important insight that can help you determine the best plan for reaching your goals. In fact, those who rely on a financial adviser express more confidence in their ability to always be financially secure, never run out of money and maintain their lifestyle in retirement than those who do not rely on one.
Everyone's situation is different, so it's important to work with someone you trust to provide a personalized plan and unbiased guidance. A financial professional will help to ensure that your investments and savings strategies are diverse to help protect you from market volatility and other uncertainties. Just like eating a variety of wholesome foods to stay healthy, you need a variety of investments - beyond the traditional focus on stocks and bonds to support your financial health. Explore all options, including products with guaranteed payments.
Stick to the plan.
Once you have a plan in place, keep your eye on the prize: retiring with confidence. Stay the course and work with your financial adviser who can help answer any questions. If available, always participate in employer sponsored retirement plans and take advantage of
company match programs to increase your investments. Review your plan regularly and make adjustments as needed. Finally, don't withdraw any funds from your retirement savings early or you could set yourself back significantly and incur a penalty.
To learn more about how much you should save for retirement and options for how to build a retirement plan that will provide lifelong income, explore the Retirement Advisor Tools at www.tiaa.org.
Guarantees are subject to the claims paying ability of the issuing company. Annuity contracts are issued by Teachers Insurance Annuity Association of America. Any guarantees under annuities issued by TIAA are subject to TIAA's claims-paying ability. TIAA Traditional is a guaranteed insurance contract and not an investment for federal securities law purposes.
Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.
This material is for informational or educational purposes only and does not constitute investment advice under ERISA. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on the investor's own objectives and circumstances.
TIAA-CREF Individual & Institutional Services, LLC, FINRA Member, distributes securities products.
Annuities issued by Teachers Insurance and Annuity Association of America (TIAA), New York, NY.
© 2019 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, 730 Third Avenue, New York, NY 10017