TIAA Traditional Lifetime Income vs 10yr TPA

🌟 TIAA Traditional Lifetime Income vs. 10-Year TPA 🌟
#tiaatraditional #tiaaa #tiaa

Today, I'm discussing a real-case scenario where the TIAA Traditional Lifetime Income option my be better for the participant than the popular 10-Year TPA.

In this video, I share a recent case of a 70-year-old client with an old employer contract in TIAA Traditional. She was considering a 10-year TPA paid out over nine years. However, after running a retirement income illustration, we found the Lifetime Income option paid only slightly less monthly, but for a much longer period (her life).

Key takeaways:

Advisors might prefer 10-year TPA to an IRA for purposes of deducting thier fee, but always explore alternatives just to see what the dollar amounts are.

Ensure your advisor acts in your best interest and considers all available strategies.
Remember, every situation is unique. If you need personalized help, reach out!

Greg Shepard, S&A Financial Services
✉️ Email: [email protected]
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Disclosure S&A Financial Services, Inc. is a registered investment advisor. Content presented is for informational purposes only and should not be considered as investment advice or as an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Always consult with your tax advisor or attorney regarding your specific situation.