Vanguard, the nation’s leading provider of target date solutions,1 is deepening its commitment to retirement innovation through a collaboration with TIAA, a pioneer and leader in guaranteed lifetime income.
This collaboration brings together two trusted names in the retirement industry to deliver a retirement income solution designed to provide retirees access to a guaranteed income stream for life.
Vanguard is developing a new target-date collective investment trust (CIT) series, Target Retirement Lifetime Income Trusts, that incorporates the TIAA Secure Income Account as the lifetime income annuity option. This solution adds to Vanguard’s Target Retirement lineup to support the evolving needs of Americans as they prepare for and live in retirement.
“Retirement isn’t one-size-fits-all, and for those who want more predictability, guaranteed income can provide added peace of mind alongside their savings,” said Lauren Valente, Managing Director and Head of Vanguard Workplace Solutions. “In working with TIAA, another mission-driven organization, we’re giving participants an option to turn a portion of their savings into income they can count on for life.”
The new solution will expand access to guaranteed retirement income through employer-sponsored plans by combining Vanguard’s five-decade legacy of delivering high-performing investment strategies with TIAA’s century-long track record as a trusted annuity provider backed by the highest insurance ratings.
Updates on product design and availability will be announced throughout 2026.
“Lifetime income is in TIAA’s DNA—the company was founded in 1918 by Andrew Carnegie specifically to provide guaranteed lifetime income to American workers,” said Colbert Narcisse, Chief Product Officer and Head of Insurance Solutions & New Markets at TIAA. “This collaboration reflects our commitment to delivering forward-thinking retirement solutions that meet the evolving needs of today’s workforce. By combining Vanguard’s investment innovation with the strength and stability of TIAA’s annuities that generate lifetime income, we are making it easier for plan sponsors to offer participants a low-cost, more secure path to and through retirement.”
Vanguard and TIAA have a shared belief that a secure retirement should be available to everyone. Together, the companies have the scale and expertise to help Americans achieve retirement success.
Learn more about the Target Retirement Lifetime Income Trusts at Vanguard.
1Based on AUM market share of the TDF industry. Sources: Vanguard and Morningstar, Inc., as of Sept. 30, 2025.
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