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Despite strain of pandemic, Americans spend 4x longer on social media than managing finances, TIAA survey finds
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TIAA and Savi Put Nonprofit Employees on Track Toward $155 Million in Student Debt Forgiveness
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TIAA Supports Bipartisan IGNITE HBCU Excellence Act
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TIAA Annuitants Who Stayed the Course Enjoy Historic CREF Payment Increases
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Secure Act Boosts Interest in Guaranteed Lifetime Income Among Plan Sponsors
Plan sponsors increasingly want their retirement plans to provide guaranteed lifetime income but are still unfamiliar with SECURE Act provisions that create opportunities for solutions, TIAA Retirement Insights Survey shows.
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NEW YORK, May 25, 2021 /PRNewswire/ Nearly half (45 percent) of all plan sponsors, and 55 percent of 403b providers (55 percent), say the passage of the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 increased their interest in offering in-plan guaranteed lifetime income options, but there is an opportunity to educate plan sponsors on the legislation, as just half say they are familiar with the legislation, according to the recent TIAA Retirement Insights Survey.