Teachers, Insurance, and Annuity Association (TIAA)
Candlefocus EditorTIAA was founded in 1918 to serve the needs of educators and was first established as a nonprofit. In 1997, the company transitioned to a publicly traded company and merged with College Retirement Equities Fund, which allowed it to expand its services. In 2016 the company spun off to create TIAA and the CREF Fund, now known as CREF.
TIAA currently offers an array of services to over 5 million customers, including comprehensive retirement planning, investment management, life insurance, banking, annuities, and equity release products. The organization also works closely with employers and educational institutions to provide retirement programs tailored to the specific needs of their faculty and staff.
TIAA has earned numerous accolades for its customer service, financial strength, and commitment to sustainability. The company has been recognized by multiple ratings agencies including Standard & Poor’s, Moody’s, and Fitch, and was named to the Fortune 500 as one of the largest US companies by revenue in 2019.
TIAA recognizes the unique challenges educators face in saving for retirement. The company has made it a priority to provide comprehensive planning and personalized advice to help these individuals plan for the future. TIAA also works closely with employers and educational institutions to develop custom retirement programs that maximize their potential benefits and retirement savings.
For those looking towards retirement, TIAA offers a variety of products such as IRAs, annuities, and other investment vehicles, as well as a range of life insurance plans. In addition, the company provides banking services, credit cards, and mobile banking, as well as assistance in selecting and managing investments.
Throughout its history, TIAA has prided itself on being a socially conscious company, promoting sustainability, creating opportunities for employees and adding value for clients. As part of this commitment, TIAA has partnered with several organizations and initiatives to reduce its environmental impact, empower those in underserved communities, and build healthier futures for its employees and customers.
In summary, TIAA is a leading financial services company that provides retirement, insurance, and banking services to educators, academics, and those in the not-for-profit sector. The company is recognized for its customer service, financial strength, and commitment to sustainability and offers personalized advice to help educators and others plan for the future. By providing comprehensive retirement planning, investment management, banking, life insurance products, and equity release products, TIAA is dedicated to helping individuals achieve financial security and peace of mind.