We’ve added 3 new fee-based annuities from TIAA on the RetireOne platform including the Intelligent Variable Annuity®, Investment Horizon fixed annuity, and TIAA Single Premium Immediate Annuity.
The Intelligent Variable Annuity
With some of the lowest fees in the industry, the Intelligent VA grows the RetireOne accumulation solution set to help RIAs and fee-based advisors efficiently meet their clients’ retirement investing goals. This flexible-premium deferred annuity is a zero-surrender-fee choice for advisors who want to lower their clients’ current annuity costs or for clients who’ve maxed out their 401(k) and IRA contributions, and want to continue to invest in equity markets on a tax advantaged basis for future retirement needs.
Working with TIAA to offer the Intelligent VA was a priority for us. We want our platform to include access to the lowest-cost solutions that offer real client value. Annuities are long-term investment vehicles, and one of the most attractive features of IVA is the decremental pricing structure. In year 11, the expenses drop to 10 basis points—one of the lowest in the industry.
Investment Horizon Fixed and TIAA Single Premium Immediate Annuities
The first fixed annuity offering on the platform, TIAA’s no-load Investment Horizon fixed annuity fills out our principal protection solution set with an easy-to-understand product that offers the flexibility to choose from among one or more of 10 guarantee periods. The TIAA no-load Single Premium Immediate Annuity is also the first immediate annuity offering on the platform, and will buttress our income offerings as advisors stretch to meet growing demand for income solutions.
We want to partner with RIAs and fee-based Advisors to inspire investor confidence by offering a solid, grounded path to and through retirement and these fee-based annuities check all of the boxes: no surrender, low-cost…They are simple, and powerful.