TIAA Cref offered me an annuity for the money I have in my TIAA 403B. If I die before 10 years of payments, the remaining payments go to my choice. After 10 years I receive the same amount until I die.
The MONTHLY ANNUITY payment was about the same as my ANNUAL estimated social security total. So my thoughts were I could not possible spend all that money. I will say they are hot on selling the lifetime annuity. Seems they bring it up if I call about something. I have zero intention of going that route, primarily because it benefits them not me. I have enough so they can't tempt me.
Funny too, that they always push it, and apologize at the same time for pushing it. They say it is not a recommendation, just a random thought. Pretty creepy.
