Just joined the company... how can i learn exactly what TIAA does? What exactly is TIAA Traditional?
10 replies (most recent on top)
Yeah it's a troll but the "Meet with a financial consultant, it's free" comment was comedy club level satire. lol
@qf maybe so. Maybe again it’ll help someone who doesn’t know. Whatever. This board use to be great; now it just underwhelms similar to TIAA
@pf you got trolled. The post should have been deleted by the mods here long ago but you kept it going. and I guess am I. Shameful.
OP raising a question that all employees should know within a few days or weeks at the company on a layoff board is the epitome of laziness, idiocy, straight up troll bait or all of the above. Has zero to do with what the point of this site is.
In case you were being genuinely curious, TIAA Traditional is a fixed annuity product. You put money in now and after a period of time, you get a guaranteed return (fixed income payment) for life. You’ll hear the term “guaranteed income” used to differentiate TIAA’s product from say a 401k where you can contribute AND withdraw funds. Your return is not guaranteed BUT you have control of your assets and it is typically a cheaper product offering with a higher rate of return. Allocating to traditional gives you a known quantity of $$$ sometime in the future while giving up more potential return upside and liquidity.
That’s a very simple way of describing traditional. There are a lot of nuances surrounding how it does what it does and differing opinions of whether it’s a good product or not, but that’s a different discussion altogether.
Meet with a Financial Consultant..its free!
Is it just me or does the OPs post give all the “ How Do You Do, Fellow Kids?” vibes.
Like, there’s plenty of training available or associates you can ask face to face versus this forum.
https://amp.knowyourmeme.com/memes/how-do-you-do-fellow-kids
Hahaha
This has to be a troll post.
DEI hire?
@OP first, learn how to spell TRADITIONAL you clown !