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Income target date strategy

The strategy is a next generation QDIA that combines a familiar target date structure with the opportunity for guaranteed lifetime income through a deferred fixed annuity (DFA). In fact, this strategy may help participants save for their working years to help meet income needs during retirement.

Key differentiators
  1. Available in three strategies
    Available in Active Income Target Date, Blend Income Target Date and Index Income Target Date
  2. Full diversified portfolio
    Offers a fully diversified portfolio in a single target date investment strategy
  3. Option for lifetime income
    Provides the option to generate guaranteed lifetime income in retirement through an allocation to a DFA
  4. Ability for additional amounts
    Generally speaking, the longer a participant invests in the strategy, the more lifetime income they can typically receive in retirement
  5. Strength & experience 
    Nuveen’s parent company, TIAA, is among the highest-rated insurance companiesin the U.S. This has allowed it to pay out more than $585B2 in retirement income and other benefits since 1918.
Latest insights
Building the target date of tomorrow
A Q&A about how target date funds are evolving to address longevity risks, integrate lifetime income solutions, and simplify retirement investment options for the future.
Retirement across generations
Learn about the diverse retirement goals and challenges faced by different generations.
Building a better retirement with guaranteed income
Research insights from defined contribution plan sponsors in incorporating guaranteed income solutions to help enhance retirement outcomes for employees.
Contact us
Brendan McCarthy
Brendan McCarthy
Head of Retirement Investing, Nuveen

1For its stability, claims-paying ability and overall financial strength, Teachers Insurance and Annuity Association of America (TIAA) is a member of one of only three insurance groups in the United States to currently hold the highest rating available to U.S. insurers from three of the four leading insurance company rating agencies: A.M. Best (A++ as of 7/23), Fitch (AAA as of 8/23) and Standard & Poor’s (AA+ as of 10/23), and the second highest possible rating from Moody’s Investors Service (Aa1 as of 9/23). There is no guarantee that current ratings will be maintained. The financial strength ratings represent a company’s ability to meet policyholders’ obligations and do not apply to variable annuities or any other product or service not fully backed by TIAA’s claims-paying ability. The ratings also do not apply to the safety or the performance of the variable accounts, which will fluctuate in value.

2As of 31 Dec 2022. Other benefits from TIAA include: surrender benefits and other withdrawals, death benefits, health insurance and disability insurance benefits, and all other policy proceeds paid.

Any guarantees under annuities issued by TIAA are subject to TIAA's claims-paying ability.

Retirement paycheck refers to the annuity income received in retirement.  Guarantees of fixed monthly payments are only associated with TIAA's fixed annuities.

Important information on risk

Past performance is no guarantee of future results. All investments carry a certain degree of risk, including the possible loss of principal, and there is no assurance that an investment will provide positive performance over any period of time. Certain products and services may not be available to all entities or persons. There is no guarantee that investment objectives will be achieved.

As with all mutual funds, the principal value of a target date fund isn’t guaranteed at any time, including at the target date, and will fluctuate with market changes. The target date approximates when investors may plan to start making withdrawals. However, you are not required to withdraw the funds at that target date. After the target date has been reached, some of your money may be merged into a fund with a more stable asset allocation.

Diversification is a technique to help reduce risk. It is not guaranteed to protect against loss.

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