#RETIREINEQUALITY
MAKE YOUR
LEGACY
Like you, we understand the importance of the future. Welcome to TIAA’s Legacy Hub, your resource center packed with helpful retirement tools and insights to guide you every step of the way.
Start with this introduction from two of our legacy makers, TIAA CEO Thasunda Brown Duckett and Grammy Award winner and philanthropist Wyclef Jean. They know a thing or two about the challenges and opportunities facing us on the road to a secure financial future. Then explore how to plan ahead with our retirement calculator.
WANT TO LEARN SOMETHING NEW TODAY WITH ROSS MAC, CEO OF MACONOMICS?
TIAA proudly collaborates with Ross Mac, the CEO and influencer behind Maconomics, leveraging his impactful advice for a new generation.
Leaving a Legacy:
Intergenerational Wealth
Lifetime Income:
Did You Say Annuities?
Retirement Planning
Simplified
LISTEN UP WITH
LYNNETTE KHALFANI-COX,
THE MONEY COACH
LISTEN UP WITHLYNNETTE KHALFANI-COX,
THE MONEY COACH
With over 25 years of experience with financial advice, Lynnette Khalfani-Cox is helping TIAA retire inequality.
Make Saving a Skill
Plan For Every Life Stage
LEGACY
MAKING TOOLS
Building a legacy can seem daunting on your own. Let’s break down the steps together.
START WITH
A BUDGET
Track your earning and spending to make sure you’re paying yourself first. Once you’ve got those details, make sure you’re budgeted for emergencies and saving at least 10% of your income towards retirement.
LOOK INTO YOUR FINANCIAL FUTURE
There are things we need in life, and things we want. Sometimes you have to plan accordingly, whether that’s paying down debt or paying a down payment. This roadmap will help you prioritize what steps are right for you right now.
MANAGE
ANY DEBT
Keep track of your credit card bills and any other outstanding debt you owe. It’s easier to pay off what you know.
SAVE TODAY, RETIRE DOWN THE ROAD
We help demystify planning for the future by taking into account your current household income, assets and dependents to estimate your monthly retirement costs. You’re more ready to start saving than you might think.
LEAVE YOUR
LEGACY
You have the power to shape your legacy, for yourself and loved ones. Making an estate plan leaves important details up to you, like how your money and healthcare are handled so you’re always ready for what’s to come.
MEET WITH A
FINANCIAL ADVISOR
Craft a plan specific to your needs to make sure you and your family are covered for what the future holds. You can call 800-732-8353 on weekdays from 8 a.m. to 8 p.m. (ET). [a]
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In 2018, The Center for Retirement Research at Boston College found that 54% of Black Americans are at risk of falling short in retirement, as calculated by the National Retirement Risk Index which assesses retirement security of today’s working-age households.
In 2021, an Organization for Economic Cooperation and Development study “Towards Improved Retirement Saving Outcomes for Women” (OECD) estimated a 33.7% pension gap for women in the US – that is women have 33.7% less pension income than men.
The Center for American Progress (CAP) 3/30/22 article “The Economic, Educational and Health-Related Costs of Being a Woman” calculated how the gender wage gap could affect women’s retirement savings. Women earn an estimated 83 cents for every dollar earned by men, adding up to $10,435 in median wages a year. By the end of her career, a full-time working woman loses $417,400 in wages. Assuming a 6% annual rate of return, investing 20% of those earnings could yield an additional $323,000 in retirement savings. Investing the total sum could boost retirement savings by $1.6 million.
#RetireInequality brand ambassadors and Essence Festivals Productions, LLC. received compensation from TIAA for making this endorsem*nt and are not affiliated with TIAA.
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 fiduciary investment advice under ERISA, a securities recommendation under all securities laws, or an insurance product recommendation under state insurance laws or regulations. This material does not take into account any specific objectives or circ*mstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on the investor’s own objectives and circ*mstances.
TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributes securities products. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Each is solely responsible for its own financial condition and contractual obligations.
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