“In all my 55 years on Wall Street, before I retired to do something vastly more important, I was never able to say when the market would go up or down. Nor was I able to find anybody on Earth whose opinion I would value on the subject of when it would go up and down.” Sir John Templeton Protect your retirement years from the predictable and the unpredictable. In 1918, Andrew Carnegie created the Teachers Insurance and Annuity Association of America (TIAA), a fully funded system of pensions. The financial services company was founded with a $1 million endowment from the Carnegie Foundation. It is a for-profit financial institution that provides pension and investment services mainly for teachers and their families. According to its website today it has 1.3 Trillion in assets and 5,000,000 customers. If it is good enough for the Educators of America then maybe we should re-educate ourselves to change the perception of a grossly misunderstood product in the financial services industry: Annuity "Never depend on a single income. Make investment to create a second source" Warren Buffett educate Name Email Address Phone Question Thank you! Oops! Fixed Indexed Annuities (FIA) are not suitable for all investors. FIAs permit investors to participate in only a stated percentage of an increase in an index (participation rate) and may impose a maximum annual account value percentage increase. FIAs typically do not allow for participation in dividends accumulated on the securities represented by the index. Annuities are long-term, tax-deferred investment vehicles designed for retirement purposes. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Withdrawals prior to 59 ½ may result in an IRS penalty, and surrender charges may apply. Guarantees are based on the claims-paying ability of the issuing insurance company.