In praise of TIAA Traditional deferred annuity.
I was just going over some old, old accounts and saw that between 1987 and 1990 I contributed $2.2k and my employer contributed $6.4k to TIAA-Traditional deferred annuity. This was the default place to put retirement funds and I didn't think much about it. Over the years I've learned a bit more and realized that TIAA-Traditional is a great fixed income option. It's current balance is $45k which implies an annual return of 6% and given a minimum guaranteed return of 3% and the very low risk I think my ignorance worked out ok.
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“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
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