While every situation is unique, TIAA's rule of thumb is to start by dividing your income sources into roughly one-third from annuity payments, one-third from Social Security and any pension payments, and the rest from withdrawals from investments and savings.

TIAA Traditional is a guaranteed annuity issued by Teachers Insurance and Annuity Association of America (TIAA) that is designed to be a core component of a diversified retirement savings portfolio. It has helped prepare millions of people like you with a solid foundation for retirement.

The emphasis in the design of plans funded with TIAA-CREF annuities since its inception in 1918 is to function as a pension plan, i.e. to generate and provide an adequate and secure retirement income for plan participants, within a defined contribution structure.

The Bottom Line. TIAA serves over five million active and retired employees participating at more than 15,000 institutions. Today, TIAA's reach extends well beyond education, being the leading provider of financial services also in the research, medical, cultural, and governmental fields.

Helping those who help others find confidence in retirement is our mission. Founded 100+ years ago to help teachers retire with dignity, our reach now extends well beyond education. We stand hand-in-hand with 5M+ clients to help fortify their money and ignite their dreams.

TIAA has an overall rating of 3.9 out of 5, based on over 3,450 reviews left anonymously by employees. 75% of employees would recommend working at TIAA to a friend and 63% have a positive outlook for the business. This rating has decreased by -1% over the last 12 months. Does TIAA pay their employees well?

If you have other sources of liquid retirement savings invested in stocks and bonds (like a 401(k), Roth IRA, or traditional IRA) and the fixed income that the TIAA annuity can help fill a need for regular spending, it can be a great option. Likewise, the TIAA annuity does have some downsides.

In late 2023, TIAA Bank assumed new ownership and is now doing business as EverBank. The banking products TIAA Bank was known for are still offered by EverBank and remain largely unchanged. EverBank is an online bank with a few physical locations in Florida.

TIAA ranked No. 8 on the Fair360 2023 Top 50 Companies for Diversity list. TIAA has been recognized among the 2023 Best Companies for representation by Black Enterprise Magazine, a business, investing and wealth-building resource for African Americans.

TIAA Bank also benefits from being a privately held subsidiary of TIAA, one of only three insurance groups in the U.S. that hold the highest-possible rating from three of the four leading insurance company rating agencies for its stability, claims- paying ability and overall financial strength.

TIAA Bank is an American diversified financial services organization under the auspices of New York–based TIAA. Based in Jacksonville, Florida, it provides banking, mortgages, and investing services throughout the United States.