Image Credit: © Cammeraydave | Dreamstime.com Assets for TIAA and Nuveen’s lifetime income target-date solutions reached $35 billion, the two companies announced today in a release .
The suite of lifetime income-embedded target-date offerings include the TIAA RetirePlus solution, the TIAA Secure Income Account (SIA), and the new Nuveen Lifecycle Income CIT series (NLI).
The TIAA RetirePlus platform is a qualified default investment alternative (QDIA) for the 403(b) and nonprofit market, while the TIAA Secure Income Amount works as a fixed annuity like its traditional counterpart but is specifically designed to be used as an allocation within managed accounts or custom […]
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