Tuesday, September 16, 2008
Concerned about my TIAA-CREF Pension
For my 18 years working at universities I have had a TIAA-CREF pension. NJIT pays 8% of my salary while I also donate a portion of my income to the fund which is split into a savings account and a stock portfolio. I am concerned since the stock market has dropped so much recently. I was told not to worry since I don't plan on retiring for at least 9 years. In that time the stock market should recover.
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1 comment:
Bruce,
TIAA-CREF is an enormously sound, AAA rate company. In light of recent market turmoil, your money couldn't be in a safer place.
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