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Get a head start on your future.
A step-by-step overview of the Roanoke College Retirement Program updates
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Today’s Agenda
• An overview of investment menu changes
• Investment options
• Your next steps
• Learn More – Q & A
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An Overview of Investment Menu Changes
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Plan Changes
Important changes on January 15, 2014
• An updated menu of investment options will be introduced.
• New investment options will be added.
• Several investment choices will be replaced with new options.
• Several investments will be closed to new contributions.
You may change your investment choices among the options on the current menu any time before 4:00 p.m. (ET) on January 14, 2014.
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Plan Changes (continued)
What do you need to do?
• If you are not currently investing in investment options that are closing and/or being replaced: Your current investment choices will remain the same as they are now. As a result, you do not need to take any action.
• If you are currently investing in investment options that are closing: As of January 14, 2014, your current accumulations and future contributions in these investment options will be transferred to replacement investment options unless you choose to transfer them to other investment choices on the current menu.
• If you are currently investing in investment options that are being closed to new contributions: As of January 14, 2014, your current accumulations in these investment options will remain where they are unless you choose to transfer them to other investment choices on the current menu. Any future contributions will be directed to the replacement option.
What do the updates mean to you? The updates are the result of your employer’s review of the retirement program. Retirement plans continue to be subject to increased
scrutiny Increased oversight Increased reporting
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Introducing the New Investment Menu
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Asset classes offer choice and flexibility
GUARANTEED*
FIXED INCOME
MONEY MARKET
MULTI-ASSET
REAL ESTATE
EQUITIES
For your specific investment options go to: www.tiaa-cref.org/roanoke
Lower Risk
Higher Risk
Investing involves risk of loss of principal. *Investment options offered in the “guaranteed” asset class are subject to the claims-paying ability of the issuing company.
*The TIAA Traditional Annuity is a guaranteed insurance contract and not an investment for Federal Securities Law purposes. All guarantees are subject to TIAA's claims paying ability.
Annuity account options are available through annuity contracts issued by TIAA or CREF. These contracts are designed for retirement or other long-term goals, and offer a variety of income options, including lifetime income. Payments from the variable annuity accounts are not guaranteed and will rise or fall based on investment performance.
Guaranteed Money Market
Fixed Income
Real Estate
Multi-Asset Equities
TIAA Traditional Annuity * (Fixed Annuity)
CREF Money Market Account (Variable Annuity)
PIMCO Total Return Fund Admin
Vanguard Total Bond Market Index Signal
CREF Inflation-Linked Bond (Variable Annuity)
TIAA Real Estate Account (Variable Annuity)
TIAA-CREF Lifecycle 2010 Fund – Retirement Class
TIAA-CREF Lifecycle 2015 Fund - Retirement Class
TIAA-CREF Lifecycle 2020 Fund - Retirement Class
TIAA-CREF Lifecycle 2025 Fund - Retirement Class
TIAA-CREF Lifecycle 2030 Fund - Retirement Class
TIAA-CREF Lifecycle 2035 Fund - Retirement Class
TIAA-CREF Lifecycle 2040 Fund – Retirement Class
TIAA-CREF Lifecycle 2045 Fund - Retirement Class
TIAA-CREF Lifecycle 2050 Fund - Retirement Class
TIAA-CREF Lifecycle 2055 Fund - Retirement Class
TIAA-CREF Lifecycle Retirement Income Fund - Retirement Class
CREF Stock Account (Variable Annuity)
CREF Social Choice Account (Variable Annuity)
American Funds EuroPacific Growth Fund R4
Eagle Small Cap Growth R5
Goldman Sachs Small Cap Value IR
John Hancock Disciplined Value Fund Class R4
Prudential Jennison Growth Fund Z
Prudential Jennison Mid-Cap Growth Fund Z
TIAA-CREF Mid-Cap Value Fund Retirement
Vanguard 500 Index Fund Signal
Vanguard Total International Stock Index Fund Signal
Vanguard Extended Market Index Fund Signal
TIAA-CREF Mid-Cap Value Fund – Retirement Class
LOWER RISK MEDIUM RISK HIGHER RISK
New Investment Menu (effective January 15, 2014)
Investment options will be replaced with new options Effective January 15, 2014, the following investment options will be removed and replaced in the investment menu: Old Investment Option (as of 01/15/2014)
Ticker Symbol
Replacement Investment Option (as of 01/15/2014)
Ticker Symbol
TIAA-CREF Bond Fund - Retirement Class TIDRX PIMCO Total Return Fund Admin PTRAX
TIAA-CREF Bond Plus Fund - Retirement Class TCBRX PIMCO Total Return Fund Admin PTRAX
TIAA-CREF Emerging Markets Equity Fund - Retirement Class TEMSX Age Based Lifecycle
Age-Based Lifecycle
Fund
TIAA-CREF Emerging Markets Equity Index Fund - Retirement Class TEQSX Age Based Lifecycle
Age-Based Lifecycle
Fund TIAA-CREF Equity Index Fund - Retirement Class
TIQRX Vanguard 500 Index Fund Signal VIFSX
TIAA-CREF Global Natural Resources Fund - Retirement Class TNRRX Age Based Lifecycle
Age-Based Lifecycle
Fund TIAA-CREF Growth & Income Fund - Retirement Class TRGIX Vanguard 500 Index Fund Signal VIFSX
TIAA-CREF High-Yield Fund - Retirement Class TIHRX PIMCO Total Return Fund Admin PTRAX
TIAA-CREF International Equity Fund - Retirement Class TRERX American Funds EuroPacific Growth Fund R4 REREX
TIAA-CREF International Equity Index Fund - Retirement Class TRIEX Vanguard Total International Stock Index Fund Signal VTSGX
Investment options will be replaced with new options (continued) Effective January 15, 2014, the following investment options will be removed and replaced in the investment menu: Old Investment Option (as of 01/15/2014)
Ticker Symbol
Replacement Investment Option (as of 01/15/2014)
Ticker Symbol
TIAA-CREF Large-Cap Growth Fund - Retirement Class TILRX Prudential Jennison Growth Fund Z PJFZX
TIAA-CREF Large-Cap Growth Index Fund - Retirement Class TRIRX Prudential Jennison Growth
Fund Z PJFZX
TIAA-CREF Large-Cap Value Fund - Retirement Class TRLCX John Hancock Disciplined Value Fund Class R4 JDVFX
TIAA-CREF Large-Cap Value Index Fund - Retirement Class TRCVX John Hancock Disciplined Value Fund Class R4 JDVFX
TIAA-CREF Mid-Cap Growth Fund - Retirement Class TRGMX Prudential Jennison Mid-Cap Growth Fund Z PEGZX
TIAA-CREF Real Estate Securities Fund - Retirement Class TRRSX Age Based Lifecycle
Age-Based Lifecycle
Fund* TIAA-CREF S&P 500 Index Fund - Retirement Class TRSPX Vanguard 500 Index Fund Signal VIFSX
TIAA-CREF Small-Cap Blend Index Fund - Retirement Class TRBIX Vanguard Extended Market Index Fund Signal VEMSX
TIAA-CREF Small-Cap Equity Fund - Retirement Class TRSEX Vanguard Extended Market Index Fund Signal VEMSX
TIAA-CREF Social Choice Equity Fund - Retirement Class TRSCX Vanguard 500 Index Fund Signal VIFSX
Investment options will be closed to new contributions and future contributions will be replaced with new options
Effective January 15, 2014, the following restricted investment options will be closed to new contributions and replaced in the investment menu:
Restricted Investment Option (as of 01/15/2014)
Ticker Symbol
Replacement Investment Option (as of 01/15/2014)
Ticker Symbol
CREF Bond Market Account Variable Annuity PIMCO Total Return Fund Admin PTRAX
CREF Equity Index Account Variable Annuity Vanguard 500 Index Fund Signal VIFSX
CREF Global Equities Account Variable Annuity American Funds EuroPacific Growth Fund R4 REREX
CREF Growth Account Variable Annuity Prudential Jennison Growth Fund Z PJFZX
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Your Next Steps
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Next Steps?
• Review the upcoming changes before January 14, 2014
• Determine if your accounts are affected by them
• Make any desired updates and review your retirement strategy
• Consider speaking or meeting with a TIAA-CREF Consultant
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Choosing your retirement strategy
B Active investing
A One-step investing
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Pick the fund closest to your anticipated retirement date TIAA-CREF Lifecycle Funds Age-appropriate allocations
2010 Fund
2040 Fund
2035 Fund 2015 Fund
2045 Fund
2020 Fund
2050 Fund
2025 Fund
2055 Fund
2030 Fund
TIAA-CREF Lifecycle Funds are actively managed, so their asset allocations are subject to change and may vary from those shown.
As with all mutual funds, the principal value of a target date fund isn’t guaranteed. Also, please note that the target date represents an approximate date when investors may plan to begin withdrawing from the fund. After the target date has been reached, some of these funds may be merged into a fund with a more stable asset allocation. However, there is no need to withdraw the funds at that target date.
The charts are only visual representations of the target date or lifecycle fund fixed-income and equity percentages. Please refer to the prospectus for the funds for more details on asset allocation for each of the target date funds.
A: One-step investing
Fixed-income Funds
Equities and Real Estate Securities Funds
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A: One-step investing
Professional managers adjust the fund’s asset allocation
As with all mutual funds, the principal value of a target date fund isn’t guaranteed. Also, please note that the target date represents an approximate date when investors may plan to begin withdrawing from the fund. After the target date has been reached, some of these funds may be merged into a fund with a more stable asset allocation. However, there is no need to withdraw the funds at that target date.
The chart is only a visual representation of the target date or lifecycle fund fixed-income and equity percentages. Please refer to the prospectus for the funds for more details on asset allocation for each of the target date funds.
Fixed-income Funds
Equities and Real Estate Securities Funds
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B: Active investing
Use your own selections from the plan’s new investment options
Use the Asset Allocation Evaluator at www.tiaa-cref.org/calcs
Work with a TIAA-CREF Financial Consultant
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How to update your investment choices
1 1
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Select Manage My Portfolio
Choose new investment choices and corresponding percentages
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2
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Choose Change My Investments or Change Allocation of Future Contributions
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Get answers to key questions with a one-on-one counseling session
Are you saving enough?
How should you invest?
How do you meet your retirement income needs?
Get personalized retirement plan advice from a TIAA-CREF Financial Consultant.
• Available as part of your retirement plan at no additional cost to you
• Personal advice session
• Based on, among other things, your time horizon, investment goals and risk tolerance
Get help
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How to learn more Dedicated retirement plan website:
www.tiaa-cref.org/roanoke
Call TIAA-CREF at 800 842-2252. Consultants are available Monday through Friday, 8 a.m. – 10 p.m. and Saturday, 9 a.m. – 6 p.m. (ET).
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Questions?
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Distributions from 403(b) plans before age 59 ½, severance from employment, death, or disability may be prohibited, limited, and/or subject to substantial tax penalties. Different restrictions may apply to other types of plans.
Investment products may be subject to market and other risk factors. See the applicable product literature or visit www.tiaa-cref.org/roanoke.
Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not bank deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.
You should consider the investment objectives, risks, charges and expenses carefully before investing. Go to www.tiaa-cref.org/acc for current product and fund prospectuses that contain this and other information. Please read the prospectuses carefully before investing.
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 Annuity Association (TIAA) and College Retirement Equities Fund (CREF), New York, NY.
© 2013 Teachers Insurance and Annuity Association-College Retirement Equities Fund (TIAA-CREF), 730 Third Avenue, New York, NY 10017.
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