CalABLE Quarterly July 2021

From the Director

The old saying "knowledge is power" has never been truer. And when it comes to saving for your future, financial literacy is a powerful key to your success and economic freedom.

Portrait of Dante Allen, CalABLE’s Executive Director. A black man, wearing a grey suit, a blue shirt, and a turquoise tie.
  • Dante Q. Allen
  • Executive Director
  • CalABLE

In This Issue

Investment Options

While CalABLE is designed to serve all eligible people in the disability community, we know everyone’s investment strategy may not be the same. Choose an approach that makes sense for your financial goals.


Special Needs Trusts Overview

Both CalABLE accounts and special needs trusts are a form of protected asset accounts. Which is right for you?


Be Money Smart

Having a CalABLE account is a great start. But knowing more about managing your finances can help you achieve a better life experience.


ABLE Age Adjustment Act

Stay up to date on proposed legislation to raise the age of onset of disability from 26 to 46.


Americans with Disabilities Act

While it’s unimaginable for us today, there was a time when people with disabilities were confined to their homes or institutions because communities did not evolve with them in mind. Can you imagine not being able to get into your office building, your school, your bank, your pharmacy?


A Common Question

Will a CalABLE account affect my government benefits?


Portrait of Dante Allen, CalABLE’s Executive Director. A black man, wearing a grey suit, a blue shirt, and a turquoise tie.
  • Dante Allen
  • Executive Director
  • CalABLE

See Past Issues

1770599

FDIC-Insured Portfolio Description

Account assets in the FDIC-Insured Portfolio are 100% invested in an interest-bearing custodial account at TIAA Bank, a division of TIAA, FSB and an affiliate of the Program Manager. As of September 1, 2021, investments in the FDIC-Insured Portfolio will earn an Annual Percentage Yield (APY) of 0.01%, and because those investments are in a variable-rate, interest-bearing deposit account at TIAA Bank, the APY may change without notice in TIAA Bank’s sole discretion. The APY with respect to the FDIC-Insured Portfolio may be higher or lower than the APY available to individuals or entities making deposits directly with TIAA Bank or other depository institutions in comparable accounts. There is no minimum investment to invest in the FDIC-Insured Portfolio. Fees may reduce earnings. For additional information on the FDIC-Insured Portfolio, including information on compounding and crediting of interest, please see the Program Disclosure Statement (PDF).

Underlying Portfolio Funds for Investment Options

The Underlying Fund table below, from the Program Disclosure Statement (PDF), lists investments in which this Portfolio invests and the percentage of the investment portfolio's assets allocated to each of its investments. Please keep in mind if you invest in this portfolio, you will own interests in the Portfolio; you will not own shares in any of the mutual funds.

Conservative Investment Portfolio

  • TIAA-CREF Equity Index Fund (TIEIX): 14.00%
  • TIAA-CREF International Equity Index Fund (TCIEX): 4.50%
  • TIAA-CREF Emerging Markets Equity Index Fund (TEQLX): .50%
  • TIAA-CREF Bond Index Fund (TBIIX): 44.00%
  • TIAA-CREF Inflation-Linked Bond Fund (TIILX): 11.00%
  • TIAA-CREF Life Funding Agreement: 25.00%

Underlying Portfolio Funds for Investment Options

The Underlying Fund table below, from the Program Disclosure Statement (PDF), lists investments in which this Portfolio invests and the percentage of the investment portfolio's assets allocated to each of its investments. Please keep in mind if you invest in this portfolio, you will own interests in the Portfolio; you will not own shares in any of the mutual funds.

Moderate Investment Portfolio

  • TIAA-CREF Equity Index Fund (TIEIX): 35.00%
  • TIAA-CREF International Equity Index Fund (TCIEX): 11.25%
  • TIAA-CREF Emerging Markets Equity Index Fund (TEQLX): 3.75%
  • TIAA-CREF Bond Index Fund (TBIIX): 36.00%
  • TIAA-CREF Inflation-Linked Bond Fund (TIILX): 9.00%
  • TIAA-CREF Life Funding Agreement: 5.00%

Underlying Portfolio Funds for Investment Options

The Underlying Fund table below, from the Program Disclosure Statement (PDF), lists investments in which this Portfolio invests and the percentage of the investment portfolio's assets allocated to each of its investments. Please keep in mind if you invest in this portfolio, you will own interests in the Portfolio; you will not own shares in any of the mutual funds.

Aggressive Growth Investment Portfolio

  • TIAA-CREF Equity Index Fund (TIEIX): 56.00%
  • TIAA-CREF International Equity Index Fund (TCIEX): 18.00%
  • TIAA-CREF Emerging Markets Equity Index Fund (TEQLX): 6.00%
  • TIAA-CREF Bond Index Fund (TBIIX): 16.00%
  • TIAA-CREF Inflation-Linked Bond Fund (TIILX): 4.00%
  • TIAA-CREF Life Funding Agreement: 0.00%

Underlying Portfolio Funds for Investment Options

Investment Portfolio

TIAA-CREF Equity Index Fund (TIEIX)
  • FDIC-Insured Portfolio
  • Conservative Portfolio 14.00%
  • Moderate Portfolio 35.00%
  • Aggressive Growth Portfolio 56.00%
TIAA-CREF International Equity Index Fund (TCIEX)
  • FDIC-Insured Portfolio
  • Conservative Portfolio 4.50%
  • Moderate Portfolio 11.25%
  • Aggressive Growth Portfolio 18.00%
TIAA-CREF Emerging Markets Equity Index Fund (TEQLX)
  • FDIC-Insured Portfolio
  • Conservative Portfolio .50%
  • Moderate Portfolio 3.75%
  • Aggressive Growth Portfolio 6.00%
TIAA-CREF Bond Index Fund (TBIIX)
  • FDIC-Insured Portfolio
  • Conservative Portfolio  44.00%
  • Moderate Portfolio 36.00%
  • Aggressive Growth Portfolio 16.00%
TIAA-CREF Inflation-Linked Bond Fund (TIILX)
  • FDIC-Insured Portfolio
  • Conservative Portfolio 11.00%
  • Moderate Portfolio 9.00%
  • Aggressive Growth Portfolio 4.00%
TIAA-CREF Life Funding Agreement
  • FDIC-Insured Portfolio
  • Conservative Portfolio 25.00%
  • Moderate Portfolio 5.00%
  • Aggressive Growth Portfolio 0.00%
TIAA Bank Custodial Account
  • FDIC-Insured Portfolio 00%
  • Conservative Portfolio
  • Moderate Portfolio
  • Aggressive Growth Portfolio