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Liss

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  1. Liss

    Tiaa fixed annuity

    Thanks, so if I guessed this correctly, the down side of the fixed lifetime annuity is that you cannot pass it on to heirs? A spouse? you mean they get to keep your bread in exchange for them doling out a guaranteed pension before you croak. I heard something like this. What is so great about it then? Isn’t the average rate of return on principal about 3 to 3.5 .
  2. Liss

    Tiaa fixed annuity

    Thank you. I am not sure what is going on with this offer. It sounds bizarre. It could be that the rep cooked it up with some strange actuarial table. I am going to check this. Out with my retirement planner,, it is just so bizarre. How could they give 10 per cent that’s nuts.TRS people have a guarantee between 7 and 8 per cent. Suffice, to say I just retired and divested from TIAA for many reasons, for one their stupid paternalistic attitude toward us educators, another is Their moronic advertising. If they spent the millions of dollars they do on ad for reinvestment, maybe the returns/yields would be more competitive.. And I found a much better institution than TIAA for my retirement savings.
  3. Liss

    Tiaa fixed annuity

    My colleague who is retiring said that TIAA offerered him a fixed lifetime annuity with a guarantee return at 10 per cent . Does this sound right. It seems out of whack.
  4. Liss

    Tiaa fixed annuity

    My colleague who is retiring said that TIAA offerered him a fixed lifetime annuity with a guarantee return at 10 per cent . Does this sound right. It seems out of whack.
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