Vanguard announced a collaboration with TIAA to deliver a retirement income solution designed to provide retirees access to a guaranteed income stream for life.
The new target-date collective investment trust (CIT) series, Target Retirement Lifetime Income Trusts, that incorporates the TIAA Secure Income Account as the lifetime income annuity option. This solution adds to Vanguard’s Target Retirement lineup to support the evolving needs of Americans as they prepare for and live in retirement.
The new solution will expand access to guaranteed retirement income through employer-sponsored plans by combining Vanguard’s five-decade legacy of delivering high-performing investment strategies with TIAA’s century-long track record as a trusted annuity provider backed by the highest insurance ratings.1 Updates on product design and availability will be announced throughout 2026.
Vanguard and TIAA have a shared belief that a secure retirement should be available to everyone. Together, the companies have the scale and expertise to help Americans achieve retirement success.