Converting Assets to Income
The TIAA Institute examines how annuitization may provide a way for individuals to achieve lifetime income, turning their retirement savings into an income stream that can last a lifetime.
Behavioral Finance
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The psychology of decision making
How information is presented, or “framed,” and other personal biases affect decision-making. The TIAA Institute focuses on such issues as how to motivate people to make decisions about when to claim Social Security, whether or not to annuitize, and how to save for retirement.
Events
2016 TIAA Paul A. Samuelson Award Ceremony
The Samuelson Award recognizes economic research that helps advance Americans’ lifelong financial well-being.
Insights
June 2018
Understanding the prevalence, diversity and predictive power of behavioral factors—deviations from classical assumptions about consumer choice—is critical for theory, research and policy.
June 2018
Conventional economic models assume that investors confronted with risky choices maximize expected utility; yet in the real world, people are prone to making predictable errors.
June 2018
As older Americans tap into their retirement funds, they often face a choice between receiving a smaller, immediate payout and a larger, future payout. How does memory affect these “intertemporal” choices?
Research Reports
June 2018
Conventional economic models assume that investors confronted with risky choices maximize expected utility; yet in the real world, people are prone to making predictable errors.
February 2018
Procrastination keeps employees at the default contribution rate, but only in “opt-out” plans.
June 2016
More than 30 million Americans are projected to retire in the next decade – and most have not saved nearly enough for retirement. Moreover, almost half of all Social Security recipients claim benefits at the earliest possible age (62), which can greatly reduce their total lifetime benefits.