Teachers, Insurance, and Annuity Association (TIAA)

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Definition of 'Teachers, Insurance, and Annuity Association (TIAA)'

The Teachers Insurance and Annuity Association of America (TIAA) is a financial services organization that provides retirement, investment, and insurance products to its members. TIAA was founded in 1918 by a group of teachers who wanted to create a retirement plan that would provide them with a secure financial future. Today, TIAA is one of the largest retirement providers in the world, with over $1.4 trillion in assets under management.

TIAA offers a variety of retirement plans, including 401(k) plans, 403(b) plans, and defined benefit plans. TIAA also offers a variety of investment products, including mutual funds, annuities, and life insurance. TIAA's products are designed to help its members save for retirement, invest their money, and protect their families.

TIAA is a non-profit organization, which means that its profits are used to support its members. TIAA is also a member of the Financial Stability Oversight Council (FSOC), which is a federal agency that oversees the financial system.

TIAA is a well-respected financial services organization that has a long history of providing its members with a secure financial future. If you are a teacher or other professional who is looking for a retirement plan, TIAA is a great option to consider.

Here are some additional details about TIAA:

* TIAA is headquartered in New York City.
* TIAA has over 10 million members.
* TIAA has over $1.4 trillion in assets under management.
* TIAA is a non-profit organization.
* TIAA is a member of the Financial Stability Oversight Council (FSOC).

If you would like to learn more about TIAA, you can visit their website at www.tiaa.org.

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