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What the TIAA TV commercial - Retire Inequality: Half of Black Americans Dont Have Enough Savings to Retire is about.

The TIAA TV Spot titled 'Retire Inequality: Half of Black Americans Don't Have Enough Savings to Retire' is a powerful and thought-provoking ad that highlights a significant issue in our society today. The ad opens up with a powerful message that half of the black Americans population don't have enough savings to retire, and this is something that requires immediate attention. The ad highlights how society tends to overlook the challenges faced by Black Americans when it comes to retirement savings.

The ad uses simple, real-life scenarios to demonstrate how severe the issue of retirement savings inequality is among Black Americans. It shows people of different ages and backgrounds working hard to put away funds for their retirement but are still unable to accumulate enough to live comfortably in their golden years. The ad's message is clear: there is a dire need for urgent action to bridge the retirement savings gap among Black Americans.

TIAA is a financial company that aims to help people, specifically in the education sector, achieve financial security and realize their retirement goals. The ad showcases how the company is working towards addressing the problem of inequality in retirement savings and empowering Black Americans to take control of their financial futures.

This TV spot is a call to action for all Americans to recognize the retirement savings inequality issue for Black Americans and take action to address it - from government policies and employer-sponsored programs to individual financial planning. Indeed, it is a powerful reminder of the significant disparities that exist in our society and a vital step towards achieving a more equitable future.

TIAA TV commercial - Retire Inequality: Half of Black Americans Dont Have Enough Savings to Retire produced for TIAA was first shown on television on March 2, 2023.

Frequently Asked Questions about tiaa tv spot, 'retire inequality: half of black americans don't have enough savings to retire'

retirement institution, we're on a mission to #RetireInequality. So in addition to closing the 30% gender retirement gap, we're also focused on the 54% of Black Americans who, due. to a system of inequities, don't have enough savings to. retire.

The 4% rule is a popular retirement withdrawal strategy that suggests retirees can safely withdraw the amount equal to 4 percent of their savings during the year they retire and then adjust for inflation each subsequent year for 30 years.

Use the 3% rule if you're looking at a more average retirement. Maybe you're not retiring early but on time. If that's the case, you might fare well by following the 3% rule, where you remove 3% of your savings balance the first year you're no longer working and take it from there.

Here are some ideas to consider:

  1. Go through your expenses and look for ways to cut back.
  2. Take advantage of tax-sheltered retirement accounts.
  3. Try to pay off your debts by the time you retire.
  4. See how much you qualify for in Social Security benefits.
  5. Earn additional income.
  6. Tap into home equity.

The Bottom Line With $5 million you can plan on retiring early almost anywhere. While you should be more careful with your money in extremely high-cost areas, this size nest egg can generate more than $100,000 per year of income. That should be more than enough to live comfortably on starting at age 55.

In fact, $5 million might be the magic number needed to gift yourself an early exit from the workforce. Depending on your location, this sum could allow you to live on $100,000 annually for all of your post-retirement endeavors.

If you want to leave money to your family or heirs, you may need more money or more time to earn it. With $5 million you can plan on retiring early almost anywhere. While you should be more careful with your money in extremely high-cost areas, this size nest egg can generate more than $100,000 per year of income.

A $1 million retirement account gives you around $40,000 per year for the first few years of your retirement. Once Social Security kicks in, this will give you on average anywhere from $65,000 to $95,000 per year depending on your lifetime earnings and when you began collecting benefits.

A 3% withdrawal rate on $3 million comes to $90,000 in the first year. When adjusted for inflation afterward, that amount can fund a comfortable if not lavish retirement lifestyle in most communities.

A $1 million retirement account gives you around $40,000 per year for the first few years of your retirement. Once Social Security kicks in, this will give you on average anywhere from $65,000 to $95,000 per year depending on your lifetime earnings and when you began collecting benefits.

With $8 million in savings, even a modestly invested portfolio can generate enough money to live a very comfortable life indefinitely. Of course, that's all relative as the amount of money you need in retirement is going to vary based on an individual's life choices and desires.

How Far Will $5 Million Go? The good news is even if you don't invest your money and generate returns, $5 million is still enough that you could live on $100,000 a year for 50 years. That'll last you until the age of 95, far beyond the average lifespan.

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Advertisers of the TIAA TV Spot, 'Retire Inequality: Half of Black Americans Don't Have Enough Savings to Retire'

TIAA TV commercial - Retire Inequality: Half of Black Americans Dont Have Enough Savings to Retire
TIAA

TIAA, also known as TIAA-CREF (Teachers Insurance and Annuity Association-College Retirement Equities Fund), is a financial services organization that specializes in retirement plans for people who wo...

Agenices

Agenices of the TIAA TV Spot, 'Retire Inequality: Half of Black Americans Don't Have Enough Savings to Retire'

TIAA TV commercial - Retire Inequality: Half of Black Americans Dont Have Enough Savings to Retire
Cronin

After conducting a search on Cronin, it appears that there are several companies and individuals with that name. The most prominent seems to be a full-service advertising agency called Cronin in Conne...

TIAA TV commercial - Retire Inequality: Half of Black Americans Dont Have Enough Savings to Retire
TargetCast tcm

TargetCast tcm is a marketing and advertising agency that specializes in media planning and buying. The company was founded in 2006 and has been providing innovative advertising solutions to clients a...

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