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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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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