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INSTRUCTIONS
Complete the following questions to create a report containing a suggested allocation based on your time horizon and risk tolerance. Information provided by you is used exclusively in the creation of your report. Read our privacy statement at the bottom of this page for more information.

Full Name:
TIAA-CREF Account Balance:
Other IRAs & Retirement Plans:
Roth IRAs:
Other Investable Assets:
Total Investable Assets:

TIME HORIZON SECTION

Do you expect to begin withdrawing money (or borrowing) from your retirement account(s) within the next 10 years? If so, how soon?

No
Yes, within the next two years.
Yes, within the next 3-5 years.
Yes, within the next 6-7 years.
Yes, but not for at least 8-9 years.

If and when you begin withdrawing (or borrowing) from your retirement account, over what period of time will the withdrawals last?

I will withdraw the entire account balance, all at once, for a specific goal.
Over a 1–3 year period, depleting most or all of the account.
Over a 4-7 year period, depleting most or all of the account.
For more than 7 years, depleting most or all of the account.
When I begin withdrawals, I expect to produce a continuous income stream without depleting the account.
I never plan to make withdrawals from this account.

RISK TOLERANCE SECTION

Inflation over time erodes your spending power. Which of the following best describes your attitude about accepting short-term risk relative to long-term growth in excess of inflation?

Long-term maximum growth, in excess of inflation, is my primary objective even though the short-term risk will be very high.
Long-term growth, in excess of inflation, is my primary objective, but I am NOT willing to accept extreme short-term risk.
I desire a moderate balance between growth, in excess of inflation, and short-term risk.
My primary objective is to avoid short-term risk even though it is likely that there will be little or no long-term growth in excess of inflation.

Investments that are typically more likely to produce higher long-term average returns also typically have a greater chance of losing money, as well as how extreme such losses might be. The table below demonstrates this trade-off between average return, the likelihood of losing money in any ONE YEAR, AND how extreme declines may be. Please select the allocation that best balances these trade-offs between risk and return for you.

	Potential Average Return	Odds of Losing Money in Any ONE Year	Worst Return	Percent In Stocks
Allocation A	11.5%	1 in 3.9	-40%	100%
Allocation B	11.1%	1 in 4.1	-37%	90%
Allocation C	10.6%	1 in 4.4	-33%	80%
Allocation D	9.5%	1 in 5.2	-26%	60%
Allocation E	8.6%	1 in 6.3	-20%	45%
Allocation F	7.6%	1 in 7.9	-15%	30%

These statistics are compiled from data based on historic U.S. asset class returns since 1926 and are believed to be reliable but have not been independently verified. These statistics should not be considered a forecast of future returns, just possible ranges of outcomes.

Allocation AAllocation BAllocation CAllocation DAllocation EAllocation F

Based on the information from the previous question, there is obviously a trade-off between risk and return. Which of the following best describes your attitude about this decision in balancing your desire to seek return relative to the risk you can tolerate?

My primary goal is preservation of principal and risk avoidance. I will accept lower returns in an effort to avoid investment risk.
I want to avoid risk, but will accept a relatively small amount to achieve a slightly higher return.
I can tolerate a moderate amount of risk in an effort to achieve a moderate amount of growth.
I want to achieve potentially high returns, and I am willing to accept the high amount of risk associated with this goal.

To achieve your investment objectives, it is important that you continue with your strategy even in periods of severe short-term price swings (volatility) as well as prolonged down markets. If your portfolio fell by 20% over a short period, assuming you still had several years before you needed the money, how do you think you would respond?

I would not make any changes since I anticipated this sort of volatility.
I would want to reconsider my allocation, but if the overall market decline for allocations like mine were similar, I would likely stick to my strategy.
I would want to reconsider my allocation and cautiously adjust my portfolio toward more conservative investments over time.
I would immediately move my investments to very safe and conservative alternatives.

The following graph shows the potential range of results of six allocations in any ONE year. The best hypothetical potential return and worst hypothetical potential return are represented along with the top and bottom 5th %-tiles and the median. Please note that the highest potential portfolio returns also typically have the greatest risk of potential losses. Which of these allocations would you prefer to hold?

	Worst	95th	Median	5th	Best
In Chart
Allocation F	-15.08%	-3.12%	7.55%	19.40%	36.21%
Allocation E	-20.19%	-5.24%	8.58%	24.42%	47.72%
Allocation D	-25.84%	-7.83%	9.51%	30.11%	61.70%
Allocation C	-33.30%	-11.57%	10.59%	38.31%	83.37%
Allocation B	-36.70%	-13.37%	11.09%	42.47%	94.97%
Allocation A	-40.04%	-15.23%	11.55%	46.79%	107.51%

Allocation FAllocation EAllocation DAllocation CAllocation BAllocation A

To achieve your investment objectives, it is important that you continue with your strategy even in periods of severe short-term price swings (volatility) as well as prolonged down markets. If your investments fell by 20% over a short period, assuming you still had several years before you needed the money, how do you think you would respond?

I can accept short-term losses to maximize the potential I will achieve long-term investment goals.
I am equally concerned with avoiding short-term losses and meeting my long-term investment goals.
Avoiding short-term losses is more important to me than achieving my long-term investment goals.

QUESTIONNAIRE RESULTS & MODEL ALLOCATIONS

The questionnaire results and model allocations are designed to help investors choose allocations based on their time horizon and tolerance for risk. These results are not a recommendation and do not factor in personal goals, priorities or other assets. You should consider contacting your financial advisor before making any investment decisions.