TIAA-CREF LIFE GOALS SERIES

ACHIEVING YOURFINANCIAL GOALSWE CAN HELP YOU SUCCEED

TIAA-CREF:FINANCIAL SERVICES FOR THE GREATER GOOD

OUR HISTORYFor more than 90 years, TIAA-CREF has been dedicated to the needsof our participants – those, like you, who serve the greater goodthrough their work in the academic, medical, cultural and researchfields. And, because you do what you do, we want to make sure youhave everything you need to plan for and live through the successfulretirement you deserve.

OUR GUIDING PRINCIPLESWith our strong nonprofit heritage, we have long subscribed to adifferent set of guiding principles: We are committed to seekingconsistent, long-term performance and solid returns. We strive to keepour fees low to help ensure more of your money is working hard foryou. We offer personalized, objective advice by noncommissionedconsultants* and, perhaps most important, we leverage our knowledgeand expertise to provide retirement income solutions that guaranteeyou won’t outlive your income.**

OUR MISSIONThe mission we embarked on in 1918 still rings true today. TIAA-CREFis dedicated to serving the financial needs of those who serve thegreater good. We were there when you began your careers helpingothers. And we intend to be there to help you plan for — and live well in — retirement.

.* TIAA-CREF compensates the consultants through a salary-plus-incentive program based onclient service excellence and financial results. Consultants will only recommend productsthat help achieve our clients’ goals.

** Guarantees are subject to the claims-paying ability of the issuer.

HOW YOU CAN REACH YOUR GOALS

2 SAVING FOR RETIREMENTInvesting at work and on your own

4 SAVING FOR EDUCATIONFinding the right way to pay for college

6 INVESTING FOR LIFE’S GOALSSaving for major purchases and objectives

8 PROTECTING AGAINST THE UNEXPECTEDInsuring and safeguarding your loved ones

10 BUILDING YOUR LEGACYDeveloping an estate plan

12 LIVING WELL IN RETIREMENTManaging your income and expenses

14 WHAT MAKES TIAA-CREF DIFFERENTWe put your interests first

16 SUMMARY: FINANCIAL SOLUTIONS FROM TIAA-CREFA quick review of the ways we can help

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SAVING FOR RETIREMENTINVESTING AT WORK AND ON YOUR OWNMaking the most of your workplace retirement plan is a solid starttoward a secure retirement. But will it be enough? People are living longer, facing higher medical bills and coping with uncertaintiesabout Social Security and Medicare. To be fully prepared for retirement, you need a plan that takes into account your employer’splan and other investments.

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MAXIMIZE SAVINGS AT WORKBe sure to participate in your employer’s retirement plan, whichoffers investments from TIAA-CREF,including variable annuity accounts.Under your employer’s plan, youchoose your investments, and when thetime comes, decide how to take yourbenefits as income during retirement.

If your employer’s plan allows you tomake extra contributions, TIAA-CREFoffers a supplemental retirementplan. Contributions are automaticallydeducted from your paycheck and your employer may even offer matchingcontributions. With this plan, you allocate contributions to a wide array ofinvestment choices, including variableannuity accounts and mutual funds.

SAVE BEYOND YOUR WORKPLACETo lower this year’s taxes while savingmore for retirement, consider a no-feeTIAA-CREF Traditional IRA.1 You’llget a tax deduction in the current year(subject to certain qualifications) andtax-deferred growth until you makewithdrawals. Your spouse or partnercan also open a no-fee TIAA-CREF IRA.

You can also consolidate IRAs you have with other providers and retirementplans from former employers by rollingthem over to a TIAA-CREF IRA.2

TIAA-CREF also offers a no-fee RothIRA.1 It doesn’t provide a current tax

deduction, but your money grows taxfree, and the withdrawals are tax free(subject to certain qualifications).

To save for retirement and have theoption of providing lifetime income for you and a loved one, think about a TIAA-CREF after-tax annuity. It lets you invest a virtually unlimitedamount of money every year.3 Your contributions and earnings grow taxfree until you make withdrawals.

To save even more, you can investafter-tax money in TIAA-CREF mutual funds, and a TIAA-CREFBrokerage Services account, whichprovides for online trading of stocks,bonds, ETFs, CDs, money marketfunds as well as thousands of mutualfunds.4 You may be able to utilize ourPortfolio Advisor5 or Private AssetManagement6 as managed account solutions to help refine your investment objectives.

TAKE ADVANTAGE OF OPTIONS FORSELF-EMPLOYMENT INCOMEIf you or your spouse or partner have self-employment income, considerTIAA-CREF SEP IRA and KeoghPlans. These both allow tax-deductiblecontributions with high limits, and stilloffer tax-deferred growth. SEP IRAshave the added benefit of requiring lesspaperwork than Keoghs.

How TIAA-CREF Can Help

HERE’S HOW TO DO IT

Participate fully in your employer’s plan

Capitalize on tax-advantaged savings plansoutside of work such asTraditional IRAs, Roth IRAsand after-tax annuities

Consider consolidating IRAsand retirement plans fromformer employers

Explore additional savings in a SEP IRA or Keogh ifyou have self-employmentincome

Invest additional after-taxassets in a brokerageaccount, mutual fund or annuity

TAKE THE NEXT STEPS

Contact us for objectiveadvice, a detailed guidebookon Saving for Retirement orhelp opening any of theseaccounts with TIAA-CREF.

GET STARTEDCALL 800 842-2252VISIT TIAA-CREF.ORG

1 There is no account fee to own a TIAA-CREF IRA; however, brokerage transaction fees may apply. In addition, investors are subject to the underlying funds’ portfolio management fees and expenses.

2 Be sure to carefully consider differences in features, costs, charges and expenses, services, companystrength and other important aspects. There may also be surrender charges and tax consequencesassociated with the transfer. Indirect transfers may be subject to taxation and penalties. Consult withyour own advisors regarding your particular situation.

3 As with all securities, your accumulations can increase or decrease, depending on how well theunderlying investments perform over time. TIAA-CREF does not guarantee the performance of the underlying investments.

4 Brokerage fees may apply. 5 Minimum investment $50,000. 6 Minimum investment $750,000.

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SAVING FOR EDUCATIONFINDING THE RIGHT WAY TO PAY FOR COLLEGEThe cost of education rises relentlessly. Even with scholarships andlow-interest loans, an enormous burden usually falls on the studentand his or her family. College savings serve two functions: offering achild the widest range of college choices, and lessening the debtthat you and the student will incur. The earlier you start saving, thegreater your chances of success.

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SELECT THE RIGHT TAX-ADVANTAGEDSAVINGS PROGRAMTIAA-CREF offers several ways tosave for college expenses, with a rangeof tax and investment benefits. For tax-deferred growth of your collegesavings, state-sponsored 529 CollegeSavings Plans offer a simple way toachieve it. Withdrawals for qualifiedcollege expenses are free of federal and(usually) state income tax. There areno income restrictions.1

To save for K–12 as well as collegecosts, a Coverdell Education SavingsAccount (CESA) enables you to doboth. Like a 529 Plan, a CESA offerstax-deferred growth of your savings.But unlike a 529 Plan, a CESA can beused for K–12 private school tuition andexpenses, as well as for college. Youcan contribute up to $2,000 a year in aCESA, and qualified withdrawals arefree of federal tax.

If you want to save for college whilemaximizing your immediate taxsavings, consider opening a mutualfund in your child’s name through aUniform Gift or Transfer to Minors Act(UGMA or UTMA) custodial account.These accounts can be opened in achild’s name by parents, grandparentsor others. They offer unique taxbenefits: The first $950 in annualearnings in the account is tax free, andthe next $950 is taxed at the child’s

rate (for tax year 2010).UGMAs/UTMAs have no annualcontribution limits.

SAVE MORE ON YOUR OWNTo save for college while keeping fullcontrol of your money, consider openinga TIAA-CREF Brokerage Servicesaccount2. This account offers onlinetrading of stocks, bonds, ETFs, CDs,money market funds and thousands of mutual funds from the nation’s best-known mutual fund families, as well as a cash management account.

These accounts have no contributionlimits, no income limits and virtuallylimitless investment choices. You caneven change your mind and spend the money on something other thanhigher education. Remember that youreceive no tax advantages for money you put aside in a brokerage accountand other fees may apply.

How TIAA-CREF Can Help

HERE’S HOW TO DO IT

Save on a tax-deferredbasis with a 529 CollegeSavings Plan (For more information, visit tiaa-cref.org/educationsavings)

Set money aside for K–12 and college with a Coverdell Education Savings Account (CESA)

Open a mutual fundaccount in your child’sname through a custodial(UGMA/UTMA) account

Invest for maximum control and flexibility usingafter-tax investments inmutual funds or a TIAA-CREF brokerageaccount

TAKE THE NEXT STEPS

Ask for a copy of our detailedguidebook on Saving forEducation. A TIAA-CREFnoncommissioned consultantcan answer questions andhelp you open any of theseaccounts with TIAA-CREF.

GET STARTEDCALL 800 842-2252VISIT TIAA-CREF.ORG

1 Before investing in a 529 Plan, you should consider whether the state you or your designated beneficiary reside in or have taxable income in has a 529 Plan that offers favorable state income tax or other benefits that are only available if you invest in that state’s 529 Plan.

2 Brokerage fees may apply

INVESTING FOR LIFE’S GOALSSAVING FOR MAJOR PURCHASES AND OBJECTIVESWe all have goals — some essential, some simply desirable — and almost all of them require money. Whether it’s a down paymenton a home, a wedding or a big vacation, the first step toward achieving it is establishing priorities and time frames. Next, youneed to estimate how much each goal is likely to cost, and fit eachone into your short-, medium- or long-term investment plans.

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GET HELP PLANNING TIAA-CREF offers many ways to helpyou achieve your various financialgoals. Our consultants can provideprofessional guidance on prioritizinggoals, budgeting and makinginvestment decisions.

MATCH YOUR TIME FRAME TO THE RIGHT INVESTMENTSTIAA-CREF offers a full range ofmutual funds, as well as access tovirtually any investment through ourBrokerage Services.

SHORT-TERM GOALS

For money that you’ll need in less thanthree years, safety and stability are mostimportant. Consider:

■ TIAA-CREF money market funds,which earn interest while normallymaintaining a stable share value.The TIAA-CREF Money MarketFund is not insured or guaranteedby the Federal Deposit InsuranceCorporation or any other govern-ment agency. Although the fundseeks to preserve the value of yourinvestment at $1 per share, it ispossible to lose money by investingin the fund.

■ TIAA-CREF’s cash managementaccount, which offers a competitiveyield, check writing, a MasterCard®debit card and more.

■ Certificates of deposit, FDIC- insuredofferings from banks, are convenientlyavailable in a TIAA-CREF BrokerageServices account.

MEDIUM-TERM GOALS

When your time frame is three to nineyears, you can balance the need forstability with the quest for somewhathigher returns. Here’s how:

■ TIAA-CREF fixed-income (bond)funds are considered moderate interms of volatility and potential forinvestment returns.

■ Individual bonds (including tax-freemunicipal bonds) and bond fundsfrom many leading mutual fundfamilies, can be held in a BrokerageServices account.

■ Balanced mutual funds or mixedportfolios of individual stocks and bonds are available through aBrokerage Services account.

LONG-TERM GOALS

With a time frame of 10 years or more,you can look for investments that havethe potential for higher returns. That’sbecause you have time to ride outdownturns in the market. For example:

■ TIAA-CREF’s equity (stock) fundstend to offer greater returns — andbe more volatile — than bond funds.

■ Individual stocks and ETFs can bepurchased and held in a TIAA-CREFBrokerage Services account.

TIAA-CREF also offers managedaccount solutions to help refine yourinvestment objectives: PortfolioAdvisor1 or Private AssetManagement.2

How TIAA-CREF Can Help

HERE’S HOW TO DO IT

Get help defining your goals and investing your assets

Develop a time frame for each goal

For short-term goals, consider money marketfunds, a cash managementaccount and CDs

For medium-term goals,consider bond funds, individual bonds, or balanced mutual funds

For long-term goals, invest in stock funds, individual stocks and ETFs

TAKE THE NEXT STEPS

A TIAA-CREF noncom -missioned consultant canhelp you define goals andmake informed decisions. Call us for a detailedguidebook on Investing forLife’s Goals or help opening a mutual fund or BrokerageServices account with TIAA-CREF.

GET STARTEDCALL 800 842-2252VISIT TIAA-CREF.ORG

1 Minimum investment $50,000.2 Minimum investment $750,000.

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PROTECTING AGAINST THE UNEXPECTEDINSURING AND SAFEGUARDING YOUR LOVED ONESPeople tend to insure valuable items like houses and cars againstloss. But the greatest potential loss to your family is the loss of youand your earning power. That’s why financial plans generally includelife insurance to provide for survivors and an emergency fund for three to six months of expenses.

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MAKE SURE YOU HAVE ENOUGH LIFE INSURANCEWhether you’re single, married with children, own a home, rent anapartment, are sending a child tocollege or are retired — you buyinsurance for peace of mind. Safety for you and your loved ones is what’smost important.

The simplest type is term life. Itprovides coverage for a specific periodof time (the term), which can be oneyear or more. TIAA-CREF offers twotypes. For the lowest initial cost,consider annual renewable term lifeinsurance. Premiums are particularlylow for young people, but they increaseeach year as you grow older. Our level-term life insurance policy offerspremiums that are guaranteed not toincrease for a set period of time, suchas 10, 15, 20 or 30 years.

CONSIDER LIFE INSURANCE THATALSO HELPS YOU SAVEPermanent life insurance is intendedto remain in force for your entire life,and policies offer insurance coverage aswell as the potential to accumulate cashvalue. TIAA-CREF offers permanent lifeinsurance in several varieties.

For maximum payment flexibility,TIAA-CREF’s Universal Life (UL)provides life insurance protection witha cash value that typically earns a rateof interest comparable to that of amoney market account. For a policythat covers two people, considerSurvivorship Universal Life (SUL).

TIAA-CREF’s Variable Universal Life(VUL) and Survivorship VariableUniversal Life (SVUL) combine lifeinsurance protection with the potentialto accumulate cash value based on theperformance of investmentsubaccounts selected by thepolicyowner.

BUILD AND MAINTAIN A THREE- TOSIX-MONTH EMERGENCY FUNDTIAA-CREF offers an attractive array of choices that are accessible and stable.

Our money market funds* offermaximum stability, by investing in high-quality, very short-termsecurities. They provide you withliquidity (easy access), pay interestand seek to maintain a stable value of $1 per share. Our short-term fixed-income (bond) funds generallypay higher interest than money marketfunds if you’re willing to take a littlemore risk. Remember too that the cashvalue in a permanent life insurancepolicy can act as a source ofemergency funds.**

Or, for the broadest range of investmentchoices for your emergency fund, consider a TIAA-CREF BrokerageServices account. In a single account,you can purchase and hold CDs andU.S. Treasury securities, as well asthousands of mutual funds from leading companies. Also, our cashmanagement account features a competitive yield, convenient checkwriting and a MasterCard® debit card.

How TIAA-CREF Can Help

HERE’S HOW TO DO IT

Compare your insuranceoptions: term, permanentand universal life

Purchase the life insurancethat’s right for you and yourloved ones

Build up a three- to six-month emergency fund

Keep your emergency fund money accessible by investing it in moneymarket funds, short-termbonds or CDs through aTIAA-CREF brokerageaccount

TAKE THE NEXT STEPS

Contact us for objectiveadvice, a detailed guidebookon Protecting Against theUnexpected or help applyingfor a life insurance policy, orhelp opening a mutual fund orBrokerage Services accountwith TIAA-CREF.

GET STARTEDCALL 800 842-2252VISIT TIAA-CREF.ORG

*Money market funds are neither insured nor guaranteed by the Federal Deposit InsuranceCorporation or any other government agency. Although the fund seeks to preserve the value of yourinvestment at $1.00 per share, it is possible to lose money by investing in the fund.

** Please note, however, that policy loans will reduce the cash value and death benefit by the amountof the loan outstanding, and interest and withdrawals will have a permanent effect on the cash valueand death benefit.

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BUILDING YOUR LEGACYDEVELOPING AN ESTATE PLANIf you’ve accumulated assets and want to pass them on to your children or grandchildren, charitable organizations or other beneficiaries, you’ll need an estate plan. A good plan will ensurethat your assets are distributed according to your wishes, minimizetaxes and other estate expenses, preserve your family’s privacy and avoid potential conflict among family members.

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DRAW UP A WILL ANDKEEP IT CURRENTEveryone needs a will. It’s an effectiveway to ensure that your estate —whatever its size or content — will besettled according to your wishes. A willmakes things easier for your heirswhen your estate is distributed. It canalso designate a guardian for yourminor children, if their other parentdoesn’t survive you. If you don’t have awill, or if your will may not be up todate, it’s time to draw up a new one.

CONSIDER A TRUSTA trust is a legal way to hold andtransfer assets for the benefit of your beneficiaries. (It serves as asupplement, not a replacement, to awill.) Trusts can help you achieve many of your estate planning goals.

To minimize taxes and other estatecosts, a trust can help by creating tax deductions, credits and strategiesto reduce probate costs. Trusts areparticularly useful for making sure thatmarried couples take full advantage of the marital deduction to reduce oreven eliminate estate taxes.

A trust can provide ongoing financialsupport and professional managementto take care of your loved ones afteryou’re gone. This way, you can ensurecare for minor or special needschildren, aging relatives, spouses orother dependents.

If you’re concerned about becomingincapacitated, a living trust can easeyour mind. You can serve as thetrustee while you’re healthy, and namea successor trustee to take over andmanage your assets if you becomeunable to do so.

For participants with significantassets, the TIAA-CREF TrustCompany can help implement yourestate plan. We’ll work with you andyour attorney to administer any trustsyou’ve established according to theterms of the trust — whether yourmain goal is reducing taxes, takingcare of your family or fulfilling yourcharitable intent.

EXPLORE LIFE INSURANCE OPTIONSFOR ESTATE PLANNINGYou can find out about the many uses of life insurance in estate planning from the TIAA-CREF LifeInsurance Company.

For example, if you’re concerned about making sure your estate can pay any required taxes, a survivorshiplife insurance policy is worth considering.* The proceeds are paid at the death of the second spouse,when the heaviest tax liability usuallyoccurs. A variable universal life(VUL) policy can provide an effectivemeans of accumulating wealth andleaving that wealth as a legacy to your heirs.

How TIAA-CREF Can Help

HERE’S HOW TO DO IT

Create (or update) your will

Explore the benefits of trusts

Develop a living trust ifyou’re concerned aboutbecoming incapacitated

Consider a variable universal life (VUL) policy for transferring wealth toyour heirs

TAKE THE NEXT STEPS

Contact us for a detailedguidebook on Building YourLegacy or help with setting up a trust, estate plan or life insurance policy with TIAA-CREF.

Neither TIAA-CREF nor itsaffiliates offer tax or legaladvice. Please consult yourCPA or attorney on suchmatters.

GET STARTEDCALL 800 842-2252VISIT TIAA-CREF.ORG

*The policy offers a choice of investments and an opportunity for the policy value and death benefit to grow based on the investment results of the investment options. The policy value and death benefit maygo up or down on any day depending on the investment results of the investment option you select, thepremiums you pay, the policy fees and charges we deduct, and the effect of any policy transactions (suchas transfers, partial withdrawals, and loans). Keep in mind that the death benefit is a guarantee that issubject to the claims-paying ability of the issuing company.

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LIVING WELL IN RETIREMENTMANAGING YOUR INCOME AND EXPENSESIf you’re thinking seriously about retiring or changing to part-timework over the next 5 to 10 years, or even sooner, now is the time to start figuring out how much income you’ll need — and how to provide it. You’ll also need to assess your personal circumstances,such as your health, risk tolerance, tax situation and whether youwill be providing just for yourself, or for others as well.

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CHOOSE THE BEST WAY TO RECEIVE RETIREMENT INCOME TIAA-CREF’s original mission was to help educators live morecomfortably in retirement. Today, we pay out billions of dollars in income to retirees each year, with a special expertise in convertingworkplace retirement accounts into lifetime income annuities.

We also provide an array of otherincome options, including interest-only,systematic, lump-sum and minimumdistribution withdrawals, as well asfixed-period income. You can buildflexibility into your withdrawal planthat will allow you to adjust yourincome as circumstances change. For example, if you continue workingpart time or are in phased retirement,you can set up withdrawals to meetyour current income needs whilekeeping the flexibility to change yourarrangement when you needpermanent income. TIAA-CREFconsultants are here to help you sort through these important choiceswith objective advice.

CONSOLIDATE YOUR SOURCES OF INCOMETo gain more control of your savingsand save time, effort and expense,consider rolling over retirement assetsfrom IRAs and employer plans to asingle no-fee TIAA-CREF IRA.*

For the broadest range of investment choices in one account, the TIAA-CREF IRA is a good choice. You can buy, sell and holdequities (stocks), fixed-income

investments (bonds), annuities,certificates of deposit and thousands of mutual funds from TIAA-CREF andmany of the nation’s most well-knownand respected mutual fund companies.

CAREFULLY MANAGE YOUR SPENDING AND INVESTMENTSWe offer several ways to efficientlymanage your financial life. To keeptrack of spending and investments,look into the cash managementaccount, through TIAA-CREFBrokerage Services. Features mayinclude unlimited check writing, aconsolidated statement, a MasterCard®debit card, expense tracking andinvestment cost-basis tracking.

If you have significant assets and morecomplex financial needs, TIAA-CREFTrust Company can help. The TrustCompany can provide effective ways to consolidate your accounts, optimizeretirement income distributions, guard your family’s financial security,preserve the wealth you’ve accumulatedover the years or create a legacy foryour loved ones.

GET ADVICE FROM RETIREMENT PROFESSIONALSSometimes it’s difficult to make theright choices. If you want advice from a financial professional, TIAA-CREFoffers objective, professionalinvestment advice, based purely onyour needs.

TIAA-CREF also offers Private AssetManagement with the attention of apersonal portfolio manager if youinvest $750,000 or more.

How TIAA-CREF Can Help

HERE’S HOW TO DO IT

Decide how you want to turn your savings into income

Simplify your finances byconsolidating your assets*

Manage your spending with a cash account thatoffers a debit card andcheck writing

Learn how a trust can help you preserve andtransfer wealth if you have significant assets

Be sure to get objectiveadvice on these criticalfinancial decisions

TAKE THE NEXT STEPS

Contact us for objective advice,a detailed guidebook on LivingWell in Retirement or helpsetting up a retirement incomeannuity, IRA rollover, cashmanagement or trust accountwith TIAA-CREF.

GET STARTEDCALL 800 842-2252VISIT TIAA-CREF.ORG

*Be sure to carefully consider differ-ences in features, costs, chargesand expenses, services, companystrength and other importantaspects. There may also be surren-der charges and tax consequencesassociated with the transfer. Indirecttransfers may be subject to taxationand penalties. Consult with your ownadvisors regarding your particular situation.

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WHAT MAKES TIAA-CREF DIFFERENTIT’S IN OUR INTEREST TO SERVE YOUR INTERESTSAt TIAA-CREF, we always stay focused on the best interests of ourparticipants, with:

■ PERSONALIZED, OBJECTIVE ADVICE. TIAA-CREF’snoncommissioned consultants can give you an objective analysis of your portfolio at no additional cost to you.1 This analysis isdesigned to help you plan and invest for a more successfulretirement, based on your career stage and retirement income goals.

■ LOW FEES. We strive to keep operating costs low, charging feesthat are less than half the industry average, as measured by Morningstar Direct.2 TIAA-CREF annuities and mutual fundscome with no sales charges, and you won’t pay a fee to transferbetween investments.

■ A WIDE ARRAY OF INVESTMENTS WITH IMPRESSIVEHISTORICAL TRACK RECORDS. Among them, the TIAA-CREFvariable annuity accounts and mutual funds. Having invented thevariable annuity in 1952, TIAA-CREF has long pioneered its use infunding retirement investing.

■ A COMMITMENT TO CONSISTENT GROWTH OVER THE LONGTERM. At TIAA-CREF, we don’t play to the whims of the market.Instead, we think long term and are committed to consistent performance. And it helps that our investment professionals havean average tenure of more than 19 years of industry experience.

■ LEADERSHIP YOU CAN TRUST — SINCE 1918. TIAA-CREF hasbeen a leader in corporate governance and accounting reform for many years — long before these issues moved into the mainstream. Today, TIAA-CREF is trusted by a host of premierinstitutions across the nation.

These are some of the ways we express our commitment to being thefull-service financial services provider that you can trust.

1 Our consultants receive no commissions. We compensate them through a salary plusincentive program based on client service excellence and financial results. Consultantswill only recommend products that help achieve our clients’ goals.

2 March 2010, based on Morningstar expense comparisons by category.

OUR CONSULTATIVE APPROACHTIAA-CREF takes a disciplined, five-step consultative approach tocreating your investing strategy. We offer something that’s hard to find in the financial world — professional, objective advice andguidance based purely on your needs. We can offer an overall view ofyour financial picture and goals, and a realistic assessment of your current investment strategies.

FIVE STEPS TO HELP YOU REACH YOUR GOALS

With retirement planning, our objective advice takes the form ofspecific asset allocation recommendations* on mutual funds andannuities. We can also help you figure out how much you should besaving for retirement, relative to your age and projected retirement date.

TIAA-CREF also offers Private Asset Management for our participantswith $750,000 or more to invest. With this service, you’ll receive the personal attention of a portfolio manager specifically assigned to youraccount. Your portfolio manager will construct and manage your portfolio around individual securities, mutual funds or an appropriateblending of the two, paying close attention to the tax effects of purchases and sales made on your behalf.

For all of our participants, our advice is free from any conflict ofinterest. This helps to ensure you get answers that are in your bestinterest.

* Provided through Ibbotson Associates

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Assess Your Financial Needs

Analyze Your Goals and Objectives

RecommendSolutions

Help ImplementYour Strategy

ReviewYour Progress

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INVESTING FOR LIFE’S GOALSPrimary■ Brokerage Services■ Mutual Funds

Supplemental■ Portfolio Advisor*■ Private Asset Management**

SAVING FOR RETIREMENTPrimary■ Your Employer’s Retirement Plan

(Workplace and Supplemental Plans)■ IRAs (Traditional, Roth and SEP)■ Keogh Plan■ After-tax Annuities

Supplemental■ Brokerage Services■ Mutual Funds ■ Portfolio Advisor*■ Private Asset Management**

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SUMMARY: FINANCIAL SOLUTIONS FROM TIAA-CREF

Here’s a quick review ofthe many ways that TIAA-CREF can help youachieve your financial goals. When you’re ready, our consultants are available with information and objective advice to help you put your plans into action.

*Minimum investment $50,000

**Minimum investment $750,000

TIAA-CREF BROKERAGE SERVICES ALLOWS YOU TO BUY, SELL AND HOLDU.S. STOCKS, TAXABLE AND MUNICIPAL BONDS, AND ETFs. You may trade online,over the phone or with assistance from a consultant. Brokerage Services also offers a convenient cash management account with a competitive yield, check writing, automatic bill payment and a MasterCard® debit card.

SAVING FOR EDUCATIONPrimary■ 529 College Savings Plans■ Coverdell Education Savings Account■ Specialized Custodial Accounts

(UGMA, UTMA)

Supplemental■ Brokerage Services

PROTECTING AGAINST THE UNEXPECTEDPrimary■ Term Life Insurance

- Annual Renewable Term

- Level Term■ Permanent Life Insurance

- Universal Life

- Variable Universal Life

- Survivorship Universal Life

- Survivorship Variable Universal Life

Supplemental■ Brokerage Services■ Mutual Funds

- Money Market Funds

- Short-term Bond Funds

BUILDING YOUR LEGACY■ Trust Services**

- Estate Planning

- Trust Administration

- Trust Asset Management■ Life Insurance

- Variable Universal Life

- Survivorship Variable Universal Life

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LIVING WELL IN RETIREMENTPrimary■ Flexible Income Options

- Lifetime Income

- Cash and Systematic Income

- Minimum Distribution

- Interest Only■ IRA Rollover Services■ After-tax Annuities

Supplemental■ Trust Services**

- Private Asset Management

- Asset Consolidation

- Retirement Income Optimization

- Wealth Preservation■ Brokerage Services■ Mutual Funds

TIAA-CREF CAN HELP

BY PHONECall us at 800 842-2252 to speak with one of ourexperienced consultants. They are available Monday toFriday from 8 a.m. to 10 p.m. and Saturday from 9 a.m. to6 p.m. (ET).

ONLINEVisit us at tiaa-cref.org to explore the many ways that wecan serve your financial needs. To send an e-mail messageto us, just click Contact Us at the top of the home page.

IN PERSONYou can arrange a one-on-one meeting with a TIAA-CREFconsultant at the TIAA-CREF office nearest you. To find alocal office, go to tiaa-cref.org/local.

NOTES:

MAKE A

CHANGE FORTHE GOODSM

The tax information contained herein is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding tax penalties that may be imposed on thetaxpayer. It was written to support the promotion of the products and servicesaddressed herein. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.

You should consider the investment objectives, risks, charges and expenses carefullybefore investing. Please call 877 518-9161, or go to tiaa-cref.org for a currentprospectus that contains this and other information. Please read the prospectus carefully before investing. Annual Renewable Term Life Insurance policy form series TCL-RT1; Level Term Life Insurance policy form series TCL-LPT.1; Intelligent Life Universal Life Insurance policy form series AM-SUL.2 and AM-SUL.3 (2008); Intelligent LifeVariable Universal Life Insurance policy form series AM-SVUL.2 and AM-SVUL.3 (2008); and Intelligent LifeSurvivorship Variable Universal Life Insurance Policy form series AM-JVUL.3 (2008) are issued by TIAA-CREF LifeInsurance Company, 730 Third Avenue, New York, NY 10017.

TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products. Annuity contracts and certificates are issued by Teachers Insurance and AnnuityAssociation (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Insurance products are issued by TIAA-CREF Life Insurance Co., New York, NY. TIAA Trust Company, FSB provides trust services. Brokerage services areoffered through TIAA-CREF Brokerage Services, which is a division of TIAA-CREF Individual & Institutional Services, LLC,member FINRA/SIPC. Investment products are not FDIC insured, may lose value and are not bank guaranteed.

TIAA-CREF® and FINANCIAL SERVICES FOR THE GREATER GOOD® are registered trademarks of Teachers Insurance andAnnuity Association. Advice and Planning Services is a division of TIAA-CREF Individual & Institutional Services LLC.

©2010 Teachers Insurance and Annuity Association-College Retirement Equities Fund (TIAA-CREF), New York, NY 10017

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