Vanguard & TIAA's New Retirement Income Solution
Update: 2025-12-18
Description
Vanguard and TIAA introduce a new retirement savings option, a Target Retirement Lifetime Income Trust, to simplify income generation from target-date funds in retirement. This product automatically shifts a portion of fixed-income savings into a TIAA secure income account at age fifty-five, providing a guaranteed income stream for life. It aims to ease financial anxiety and reduce the risk of running out of money in retirement.
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