TIAA-CREF invented the first variable annuity with the CREF Stock Account in 1952. They subsequently offered nine additional variable annuities along with TIAA Traditional to form ten core investment options available at almost every university across the United States. Although these accounts act and perform very much like mutual funds,
TIAA-CREF recently announced a change to the expense structure of the CREF variable annuities. Since the inception of CREF Stock in 1952, TIAA-CREF has had a single class low-cost structure for all CREF variable annuities. Beginning April 24, TIAA-CREF is expanding each variable annuity from one class to three classes
Financial Planning for employees who work at a university (or hospitals associated with a university) can be complex not only to the employees, but also to financial advisors not used to working with clients in this arena. Navigating through the complexities of this niche market requires the experience of working
University Contributions I have traveled to universities across the United States each with different contribution amounts. I have found college and university contributions can vary widely. The information below provides the contributions of several randomly selected public and private colleges and universities. You will see the organization, followed by the