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TIAA and Capitalize: A New Era in Retirement Management

In a significant development for retirement planning, TIAA Wealth Management has teamed up with Capitalize to create a digital rollover solution aimed at those who have left behind 401(k) accounts. Announced on February 18, 2026, this innovative partnership is set to transform how individuals manage their retirement savings, particularly as job changes have resulted in an overwhelming amount of unclaimed 401(k) assets totaling over $2 trillion in the United States.

The Challenge of Left-Behind 401(k)s

According to recent statistics, many workers move between jobs multiple times throughout their careers. This often leads to individuals losing track of their previous employer-sponsored retirement accounts. The hassle involved in locating and consolidating these funds has deterred many from pursuing effective retirement savings strategies. TIAA’s collaboration with Capitalize aims to eliminate the friction associated with this process, ensuring that retirement savings can be easily integrated into a self-directed Individual Retirement Account (IRA).

What Does the New Solution Offer?

The newly launched digital experience provides an enhanced rollover process that leverages Capitalize's Rollover API. This technology simplifies the journey for individuals looking to locate and transfer their former employer-sponsored retirement accounts into a TIAA IRA. With the ability to access industry-leading lifetime income products, participants can effectively consolidate their retirement savings into a single account, enabling better management of their financial future.

Available on both desktop and mobile platforms, this solution streamlines the user experience, making it user-friendly and accessible. Participants can now easily track and manage their retirement savings without the bureaucratic barriers that often accompany existing processes.

Insights from TIAA Leadership

David Nason, the CEO of TIAA Wealth Management, commented on the new effort, emphasizing the importance of simplifying financial management for Americans. “Americans work hard to save for retirement, and their savings shouldn’t be harder to manage after a job change,” he stated. This sentiment underscores the growing need for efficient tools that aid in the seamless consolidation of retirement assets, paving the way for a stress-free path toward secure retirement planning.

The Vision of Capitalize

Gaurav Sharma, Founder and CEO of Capitalize, expressed pride in the partnership's potential to transform retirement management by bringing together innovative technology and trusted financial products. He noted, “Together, we’re helping Americans better save for retirement and maximize their assets on the way to a fulfilling retirement.”

TIAA's Commitment to Retirement Solutions

This collaboration not only represents a technological advancement but also reflects TIAA’s commitment to providing secure retirement solutions to millions. TIAA boasts over $1.5 trillion in assets under management and has paid out $5.9 billion in lifetime income to retired clients in 2024. The focus remains on creating outcome-focused investment solutions that resonate with the needs of today’s workforce.

Conclusion

With over 40% of U.S. workers having left behind retirement accounts, the TIAA and Capitalize partnership presents an essential solution to a pressing issue. By leveraging cutting-edge technology, individuals can now easily consolidate their retirement assets, ensuring their hard-earned savings work effectively toward a well-deserved retirement. As job mobility continues to impact retirement planning, such initiatives mark a significant step forward in empowering individuals to take control of their financial futures.

For more information, visit TIAA's official site and learn how these advancements can help secure your retirement.