The Asset-Salary Ratio (ASR) is a simple yet sophisticated metric that provides feedback on the likelihood a participant in a defined contribution plan system will have sufficient assets to generate adequate retirement income. Similar to the full-funding ratio of a defined benefit plan, the ASR...

This paper documents trends over the last two decades in retirement behavior and retirement income choices by participants in TIAA, a large and mature defined contribution plan with a wide range of withdrawal options. Between 2000 and 2018, the average retirement age rose by approximately 1.3...

A new study by the AgingWell Hub at Georgetown University and the TIAA Institute finds many young people struggling financially: many live paycheck-to-paycheck, feel finances control their lives, and doubt they will do as well economically as their parents. This report examines attitudes and...

This paper examines how workers allocated their contributions and assets in their employer-sponsored retirement savings plans within the TIAA system over the 2012 to 2018 period. Consistent with previous research, we find that Lifecycle funds, an auto-diversified target-date fund with an...