Retirement fluency
Build your retirement confidence with a mid-year account check in.
Key takeaways
- Learn about the value of a mid-year check-in.
- Discover the importance of retirement fluency.
First off, we’re here to help
July 1st was the exact midpoint of the year – day 183 of 366 in 2024 (thanks to Leap Year). While that might be a welcome or unwelcome fact depending on how you are trending with your New Year resolutions, the key thing to keep in mind is that there is still time. Time to tackle any projects you wanted to do this year, time to make 2024 the year you focus on your health, your career or your finances. And, if you are still hoping to make 2024 the year you prioritize saving for retirement, you still have time for that too. And, thankfully, TIAA is here to help you feel more confident with complimentary advice included in your plan.
The current state of retirement
TIAA Institute’s State of Financial Preparedness in a Diverse America study dives deep into the opportunities & challenges facing Americans.
Less than half of Americans (47%) who are not yet retired feel “very” or “somewhat” confident they will be able to retire when they want to, with 15% not planning on being able to retire at all.
Did you know you have access to advice as a TIAA customer at no additional cost?
When you are ready to make the most of the second half of the year, you can connect with TIAA to check-in on your account, review your strategy and make any investing, allocation or contribution changes that make sense for your retirement journey.
There are two ways you can work with TIAA to make this happen. You can get help the way you want it.
Discover the connection between retirement fluency & retirement confidence
Published annually in conjunction with the Global Financial Literacy Excellence Center (GFLEC), our 2024 TIAA Institute-GFLEC Personal Financial (P-Fin) Index study highlights thought-provoking insights how retirement fluency can help you feel confident and more prepared for retirement.
What is retirement fluency? It is knowledge that promotes financial well-being in retirement. Part of this fluency is familiarity with retirement terminology and concepts, while another part is being aware of key retirement dates and details.
Retirement fluency study
As part of TIAA Institutes study on retirement fluency, respondents were asked five questions.
On average, U.S. adults answered 40% of the retirement-related questions correctly. Here is how they did; see demographic infographic breakdown.
80% of respondents who answered all questions correctly felt confident about having enough for retirement vs. only 41% of respondents who answered incorrectly.
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Connect with us
Schedule a meeting with a Financial Consultant in person or over zoom for advice on how to optimize your retirement plans.
This material is for informational or educational purposes only and is not fiduciary investment advice, or a securities, investment strategy, or insurance product recommendation. This material does not consider an individual’s own objectives or circumstances which should be the basis of any investment decision.