Products June 18, 2008

TIAA-CREF Launches Series of Articles on Maximizing Retirement Income

TIAA-CREF has published its first article in a new series that explores strategies for maximizing retirement income.
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The article, “Myth vs. Fact: Systematic Withdrawals vs. Income Annuity Payments,” addresses a common misconception that a series of systematic withdrawals is a more efficient way to provide retirement income than an annuity payment, according to a TIAA-CREF announcement.

The article examines managing longevity risk (the possibility of running out of retirement savings if one lives longer than expected) and the use of an annuity as a tool that can help ensure income for life.

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“This information can help investors make fact-based decisions about their options regarding the conversion of retirement savings, and provide guidance on how to help maximize and extend income during retirement,’ said Maliz Beams, TIAA-CREF’s Executive Vice President for Individual Client Services, in the announcement.

Other topics in the series of articles include: exploring the concepts of retirement income, the importance of objective and non-commissioned advice, and financial planning for spending down in retirement.

More information is at www.tiaa-cref.org.

Deals & People June 18, 2008

Natixis Names Vice President of Institutional Services Division

Natixis Global Asset Management, L.P. (NGAM) announced that Paul C. Anderson has been named vice president of its Institutional Services division.
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Anderson joins NGAM from Bank of America, where he most recently served as vice president, institutional sales for Columbia Management, the company said. He will report to Peter Martin, president of Institutional Services.

The Institutional Services division was consolidated earlier this year and provides retirement platforms, sub-advisers, defined benefit plans, endowments and foundations, and corporate plans with access to a wide range of investment options available through Natixis Global Asset Management’s multi-boutique structure. It offers clients a broad range of strategies ranging from traditional equity and fixed income products to alternatives, such as hedged equity and alpha generation strategies, the company explained.

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More information is available at www.globalam.natixis.com.

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