TIAA-CREF Bullet Points

Roger W. Ferguson,CEO of pension fund manager TIAA-CREF,has a number of bullet points on his mind for investors.With regard to financial reforms,there needs to be:
1.More emphasis on risk
2.More emphasis on liquidity
3.Capital,capital,capital
4.Dedication to serving the consumers.
As for retirement,investors should:
1.Start saving earlier,setting aside 10-14% of income for a safe nest egg
2.Have a good,diversified portfolio that reflects their risk appetites,selected from 10-20 options
3.Seek out objective advice from non-commission advisors
4.Realize that with living for 20-30 years in retirement,you will need guaranteed income in the form of an annuity.
TIAA-CREF is regarded as one of the most painstaking money managers active in the market today.CEO Roger W. Ferguson was Vice-Chairman of the Federal Reserve from 1999-2006.

Fed Has Done Well

Roger Ferguson,former Vice Chairman of the Federal Reserve and current CEO of TIAA-Cref,feels that the challenge of the financial crisis is the absence of credit availability and confidence.The financial rescue plan is designed to address that.I do not think there is a magic bullet,Mr.Ferguson said.I give my former colleagues at the Federal Reserve quite high marks.They've been flexible and used a number of tools.We may have several months to go before we can blow the all-clear signal,Mr.Ferguson cautioned.Keep the long view;don't panic;seek objective advice,the chief executive counseled.