TIAA Exposed for Excessive Hidden Annuity Spread Fees — Again

Pulitzer Prize–winning journalist Gretchen Morgenson has once again exposed the hidden risks and fees buried in TIAA’s annuity products. In her August 2024 NBC News investigation, I was quoted estimating that TIAA extracts excessive hidden spread profits of over 120 basis points (1.2%) annually on its flagship annuity, TIAA Traditional Just one year later, in … Continue reading TIAA Exposed for Excessive Hidden Annuity Spread Fees — Again