Career Tips

Is this a good benefit


I received a job offer from a company that has the TIAA-CREF retirement plan. Anybody have any firsthand knowledge or experience with this plan? Should I view this employer any more or less favorably because of this offering?

 

TIAA-CREF retirement plan is just another type of deferred savings plan, not unlike a 401K retirement plan or any other type of similar plan.  I think you should probably look on the employer favorably for offering any type of retirement/savings plan.

Paul W. Barada

The Negotiation Expert 

Yes, I have a TIAA-CREF plan, into which I only put $1,000 of my own money when I was employed by a university many years ago. It's now worth around $20,000. Their management is competent, and they offer a very wide range of investment products, including a "socially responsible" one that's grown a lot in value. I'm much happier with this plan than I was with my private investment plan with one of the "big" investment firms--which lost tons of money.

I would consider this plan equal to, or better, than most company-provided plans.

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