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Retirement
The retirement landscape is changing, making it more important than ever to understand retirement income options available today. Nearly 85% of plan participants are looking for retirement income generation,1 which is why we offer solutions designed to provide a reliable stream of lifetime income.
This next generation QDIA combines a simple and familiar target date structure with the opportunity for guaranteed lifetime income.
Add a guaranteed savings and lifetime income solution to a QDIA-eligible managed account or custom model portfolio.
1 PLANADVISER, “Retirement Income Evolution,” July 13, 2022.
2 Morningstar Direct “2023 Target Date Strategy Landscape” Report.
3 Pensions & Investments, 20 June 2024. Rankings based on institutional tax-exempt assets under management as of 31 Dec 2023 reported by each responding asset manager.
4 Financial Strength: The TIAA General Account, September 30, 2024. Total assets $350.4 billion. Total TIAA assets include, in addition to the General Account, separately managed accounts such as the Real Estate Account and TIAA Stable Value. Total statutory capital is composed of capital and surplus, and asset valuation reserve for TIAA.
5 2023 NAIC annual statement page 27, annuities, sum of individual and group income payable.
6 Nuveen traces its history to 1898 when the company began underwriting municipal bonds, and investment management activities date back to 1918 when TIAA was founded. TIAA acquired Nuveen in 2014, and shortly thereafter TIAA’s asset management business was combined with Nuveen. Statements regarding Nuveen’s history include TIAA’s history.
Any guarantees are backed by the claims-paying ability of the issuing company. Past performance is no guarantee of future results.
Guarantees of fixed monthly payments are only associated with fixed annuities.
Retirement plans shouldn’t need a backup plan is a general statement about the importance of retirement plans in retirement and is not intended to imply that including or not including any particular product or service in the plan is the only way to avoid the need for a backup plan.
Pension-like Income refers to the income received from guaranteed-interest annuity contracts, not income provided by a defined benefit pension plan.
Retirement check refers to the annuity income received in retirement.
The information contained is about the Nuveen target date strategies overall and also contains information about the Nuveen Lifecycle Income Collective Investment Trust Series described on this material (Lifecycle CIT Series). Please note that the Lifecycle CIT Series is not a series of mutual funds and differs in many ways from the mutual funds using a similar strategy. Information about the mutual funds or management of the mutual funds should not be automatically applied to the CIT. The Lifecycle CIT series may be referred to as “Funds” in the following disclosures.
Risk considerations
Investing involves risk; principal loss is possible. There is no guarantee the Lifecycle CIT Series’ investment objectives will be achieved. The Lifecycle CIT Series are funds of funds subject to the risks of its underlying funds in proportion to each Fund’s allocation. Underlying Funds invest primarily in stocks and bonds. Large cap stocks may grow more slowly than the overall market. Growth stocks and stocks issued by smaller companies are more volatile than other stocks. Bonds lose value when the issuer is unable to make interest and principal payments when due or otherwise faces a decline in its credit quality. They experience volatility when interest rates fluctuate. Rising interest rates can cause bond prices to fall. Declining interest rates can cause bond income to fall. Non-U.S. investments involve risks including currency fluctuation, political and economic instability, and lack of liquidity and differing legal and accounting standards. These risks are magnified in emerging markets. The target date is the approximate date when investors plan to start withdrawing their money. The principal value of the Fund(s) are not guaranteed at any time, including at the target date. After 30 years past when the target date has been reached, the Funds may be merged into another target date Fund with the same asset allocation. The unit value of the Funds will fluctuate, and investors may lose money. The Fund may not achieve its target allocations and even if they do, the asset allocations may not achieve the desired risk-return characteristics and may result in the Fund underperforming other similar funds. Allocations are subject to change.
Annuity contracts may contain terms for keeping them in force. We can provide you with costs and complete details.
* TIAA Secure Income Account is a fixed annuity product issued through this contract by Teachers Insurance and Annuity Association of America (TIAA), New York, NY, 10017: Form series including but not limited to: TIAA-UQDIA-002-K and related state specific versions. Not all contracts are available in all states or currently issued.
The TIAA Secure Income Account is a guaranteed insurance contract and not an investment for federal securities law purpose.
As a complex bank product, CITs are exposed to operational, regulatory and reputational risks. CITs may not be suitable for all plan investors or all plan needs and may outperform certain sector products during times of market volatility but also may underperform certain sector products over periods of time. Diversification does not assure a profit or protect against loss.
SEI Trust Company (the “Trustee”) serves as the Trustee of the Nuveen/SEI Trust Company Investment Trust III (the “Trust”) and maintains ultimate fiduciary authority over the management of, and the investments made, in the Lifecycle CIT Series. Each Fund is part of the Trust operated by the Trustee. The Trustee is a trust company organized under the laws of the Commonwealth of Pennsylvania and wholly owned subsidiary of SEI Investments Company (SEI). The Lifecycle CIT Series is managed by the Trustee, based on the investment advice of Nuveen Fund Advisors, LLC, the investment adviser to the Trust, and Nuveen Asset Management, LLC as investment sub- adviser to the Lifecycle CIT Series.
The Lifecycle CIT Series are trusts for the collective investment of assets of participating tax qualified pension and profit sharing plans and related trusts, governmental plans and other eligible plans. As bank collective investment trusts, the Trust is exempt from registration as an investment company.
A plan fiduciary should consider the Funds' objectives, risks, and expenses before investing. This and other information can be found in the Declaration of Trust and the Funds’ Disclosure Memoranda. The Fund is not a mutual fund, and its units are not registered under the Securities Act of 1933, as amended, or the applicable securities laws of any state or other jurisdiction.
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