CREF Variable Annuity

A CREF Variable Annuity is a type of investment product offered by TIAA-CREF, primarily designed for long-term retirement savings. It allows individuals to invest their money in various funds that can grow based on stock and bond market performance. Unlike fixed annuities, the returns can fluctuate, meaning your investment value can increase or decrease. Upon retirement, you can receive a steady stream of income based on your investment performance. It combines features of insurance and investments, providing both growth potential and a means to secure retirement income.