A nonprofit organization that provides investment and insurance services for those working in education, medicine, culture and research. TIAA-CREF, short for Teachers Insurance and Annuity Association - College Retirement Equities Fund, has a history that dates back to the late Andrew Carnegie, whose Carnegie Foundation for the Advancement of Teaching created the initial organization in order to service the pension needs of professors.


As of late 2005, the TIAA-CREF had more than 15,000 clients, amounting to more than $360 billion in assets under management. Its clients are predominantly institutional and come from the nonprofit and educational sectors. The firm started as a pension administration business, and the core operations of the TIAA-CREF remain geared toward retirement plan administration and a line of annuity products.

  1. Annuity

    A financial product that pays out a fixed stream of payments ...
  2. Accountants for the Public Interest ...

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  3. Qualified Retirement Plan

    A plan that meets requirements of the Internal Revenue Code and ...
  4. 401(k) Plan

    A qualified plan established by employers to which eligible employees ...
  5. Pension Plan

    A type of retirement plan, usually tax exempt, wherein an employer ...
  6. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt ...
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  1. How liquid are variable annuities?

    Variable deferred annuities and variable immediate annuities are not considered liquid. Variable deferred annuities carry ... Read Full Answer >>
  2. Do variable annuities have RMDs?

    Variable annuities are not subject to required minimum distributions (RMDs) unless they are held in qualified plans, such ... Read Full Answer >>
  3. Can variable annuities be rolled into an IRA?

    Variable annuities are often found in government or nonprofit employer retirement plans such as 403(b) or 457(b) plans. With ... Read Full Answer >>
  4. How do I calculate the future value of an annuity?

    When planning for retirement, it is important to have a good idea of how much income you can rely on each year. There are ... Read Full Answer >>
  5. Are variable annuities protected from creditors?

    Whether your variable annuity is protected from creditors depends on the state in which you live. About three-quarters of ... Read Full Answer >>
  6. Are variable annuities tax deferred?

    Variable annuities are tax-deferred. This means an investor does not pay taxes on the interest income from his annuity until ... Read Full Answer >>

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