Secure Max
This investment option already found in the TIAA IRA is most like Secure Max
What is TIAA Traditional?
The year and month when Universal Eligibility was added to the TIAA IRA
What is January 2023?
The current TIAA IRA Promotional Rate which went into effect May 1, 2023
What is 5.20%?
Similar to Pension Flex, these are the primary advantage(s) of Flex IRA for clients
What are Preserving vintages and loyalty bonuses?
The names of two new fixed annuities being developed for third-party distribution
What are RetireSecure Max and RetireSecure Flex?
Having money invested in this institutional contract is the only way to be eligible for the ATRA
What is Retirement Annuity (RA)?
Commonly referred to as ____________, Secure Max will have a "bucketed" approach to crediting interest on old/new money based on the time period a contribution or transfers in is made.
What are Vintages?
This many working Americans are now eligible for lifetime income in the TIAA IRA
What is 270 million?!
Three channels through which IRA new accounts are opened
What are Digital, IAC/Wealth, and 3rd Party RIAs?
New contributions to Flex IRA will be allowed, but the money will be treated this way
What is credited at new money rates?
The market size ($) for IRAs is ____________, larger than the 403B and 401K markets combined
What is $14 Trillion?
This annuity is also required to be liquidated if you are starting an income stream from TIAA Traditional
What is TIAA Real Estate?
The minimum guaranteed crediting rate offered on Secure Max
What is 1-3%?
This % of the digital Account Opening drop-off rate was reduced when eligibility questions were removed
What is approximately 13%?
DAILY DOUBLE!!!!!!!
Portfolio Advisor (PA), Private Asset Management (PAM) and Brokerage don't offer these investment options
What are annuities?
Flex IRA gets most often confused with this other product under development
What is RetireSecure Flex?
The minimum needed to use the portability feature
What is None?
There is no minimum or maximum required
At age 90, this annuity option continues to be available to the ATRA owner
What i Fixed Period Annuity?s
The term for the discretionary reward long-term investors in Secure Max have the ability to receive on annuitization at TIAA's discretion.
What is the Loyalty Bonus?!
Universal Eligibility benefits these two groups
What are both Clients and TIAA!?
Clients with access to lifetime income – TIAA with increased access to our most profitable investments.
Last year, we saw more IRA accounts opened through this channel
What is self directed?
In 2019: 50/50 Direct/Agent
In 2020: 60/40 Direct/Agent
In 2021: 70/30 Direct/Agent
This group of people is eligible to enroll in a Flex IRA
Who is everybody?
DAILY DOUBLE !!!
This term describes the critical integration function between TIAA and a third-party recordkeeper
What is middleware?
This variable annuity from CREF is not available in the ATRA
What is CREF Inflation-Linked Bond?
These two items differentiate the new Secure Max fixed annuity from the existing TIAA Traditional fixed annuity currently offered in the TIAA IRA
What are Enhanced Rate and Surrender Charge?
These external advisors are most excited for Universal Eligibility
Who are Registered Investment Advisors (RIAs)?
This account opening method results in MORE $$ being brought in
What are Advised account openings?
They average 4x larger, meaning they bring more $$ over
Once approved, Flex IRAs will serve as this option type for new clients
What is the default for all new IRA accounts?
SecureFlex will unlock portability from this other third-party product
What is Secure Income Account?
In addition to ATRA, these are two other non-qualified annuity offers from TIAA
What are Intelligent Variable Annuity (IVA) and Investment Horizons Annuity (IHA)?