TIAA Traditional – Interest Rate Renewals
Many clients have employer sponsored plans with TIAA-CREF which offers various investment options including TIAA Traditional, its flagship fixed annuity product. This type of financial product guarantees a minimum rate of interest while you save, and if you annuitize your retirement plan, it provides a minimum monthly amount of income during retirement like Social Security […]
Advisor-Managed vs Outside-Managed Accounts
Most clients have investment accounts in each of the three major tax buckets: tax-deferred (ex. 401(k)), tax-free (ex. Roth IRA), and after-tax (ex. Brokerage account). Due to the different tax statuses, each account type “behaves” differently. When investors save adequately across these accounts, there are a myriad of benefits. From a tax management standpoint, a […]
