TIAA CEO Thasunda Brown Duckett is trying to fix America’s broken retirement system
TIAA CEO Thasunda Brown Duckett is advocating for reforms in America's retirement system to better support individuals as they prepare for retirement. She emphasizes the importance of shifting from traditional saving methods to securing guaranteed income through products like annuities. Duckett is also pushing for legislative changes to enhance retirement plan options and educate the public on effective retirement strategies.
- ▪Duckett's father struggled with retirement savings, highlighting a common issue among U.S. workers.
- ▪The shift from pensions to 401(k) plans has placed more responsibility on individuals for their retirement savings.
- ▪Duckett is advocating for broader access to annuities and guaranteed-income products in retirement plans.
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TIAA CEO Thasunda Brown Duckett knows firsthand the struggle many Americans are facing as they try to figure out how they’ll get by in retirement.Recommended Video Her own father, after three decades of work, had never contributed to his 401(k) plan, even though it was available to him. He had a pension, but it was small, and when combined with social security payments, it still wasn’t going to be enough for the retirement he was hoping for. “That was a hard conversation, and it’s one American families are having every day,” Duckett, No. 7 on the 2026 Fortune Most Powerful Women in Business list and one of only two Black women serving as CEO of Fortune 500 companies, wrote in a 2025 New York Times op-ed. Her father’s situation is a common one among U.S. workers.
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