One-Step Investing: Lifecycle/Target Retirement Date Funds are professionally managed investments that offer a diversified portfolio in a single fund. This option may be a good choice if you prefer a hands-off approach to investing.
The target date indicates when you may plan to begin making withdrawals. As with all mutual funds, the principal value of a target retirement date fund is not guaranteed at any time, even at the target date, and will fluctuate.
Note: The lifecycle/target retirement date options in this tier reflect two investment styles—actively managed funds (TIAA) that seek to outperform general markets and indexes, and passively managed funds (Vanguard) that attempt to match the risk/returns of an unmanaged market index.
The actively managed investment style relies on research, market forecasts, and management expertise to select securities to buy and sell, and therefore may have higher operating costs (expense ratio) than the passively managed investment style.
Enroll or Make Changes to Your Retirement Contributions
Current staff and faculty members can log in using single sign-on through my.pitt.edu.
- Log-in with your Pitt username and password
- Click the My Resources tab; then select Human Resources under the drop-down menu
- Click on Retirement Savings Plan Access on the right-side
Retirees and former staff and faculty members will log in at tiaa.org.
Your Updated Investment Menu as of March 16, 2018
You can view all of the One-Step Investing: Lifecycle/Target Retirement Date Funds on page 5 of the Guide to Plan Updates.
Or, learn more about all of the investment options at TIAA.org/pitt. Click on Investment options, then select View all investments to see the individual investment information.
How Current Assets and Future Contributions will be Invested After March 16, 2018
Effective March 16, 2018, existing balances in and future contributions to the current options will be discontinued and transferred to the new investment options in your plan account, as shown in the transfer strategy chart on page 10 of the Guide to Plan Updates. This chart shows discontinued investment options that were moved to similar funds in the new menu. Discontinued options that did not have a similar fund in the core investment funds were directed to age-based lifecycle/target retirement date funds.
Not sure which option is right for you? Let TIAA help. Contact them at TIAA.org/pitt.
Other Investment Strategy Tiers
Are you more comfortable choosing your investments, or already have experience with investing? Check out the other investment strategy tiers to learn more.