Tips for Retirement Saving From TIAA-CREF’s Roger Ferguson
Here’s why a low-cost annuity is better than a 401(k).
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Ferguson, chief executive officer of TIAA-CREF, which provides retirement services to 5 million people at more than 16,000 academic, research, and other nonprofit organizations, says that even if Americans increase their savings, when they stop working they’ll need a guaranteed income, like traditional pensions used to provide.
How is TIAA-CREF different from most 401(k) plans offered by for-profit companies?