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Firecalc and Tiaa-Cref
Old 01-14-2012, 08:07 PM   #1
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Firecalc and Tiaa-Cref

I am required when I retire to annuitize at least half of my TIAA-CREF account, which is about 25% of net worth not including real estate. It will vary according to how the market (i.E., the subsections we have chosen) does. Is that roughly equivalent to a COLA? Or only partially? Or should I put it in as non-COLA? Thanks.
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Old 01-15-2012, 03:31 PM   #2
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If TIAA Cref offers COLA annuities you can certainly make it an a COLA annuity.

I could argue that you simple treat the money as you would regular portfolio with a normal asset allocation. It is a very interesting question since in effect what you are getting is a variable pension, which depends on your investment performance and the interest rates when you retire.
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Old 01-15-2012, 07:27 PM   #3
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Quote:
Originally Posted by clifp View Post

It is a very interesting question since in effect what you are getting is a variable pension,
Precisely! They don't CALL it a COLA.
Thanks for your thoughts.
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Old 01-15-2012, 08:08 PM   #4
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I once participated in a consulting project at TIAA. They were so unbelievably f-ed up it's amazing. My advice: reconcile your statements.
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