You can review your required minimum distributions by logging in to your account from the My Account tab. If your plan allows it, you can withdraw money online. If an online withdrawal is not an option, call us at 800-842-2252.
Subsequently, how do I access my TIAA-CREF account?
Log into your account at tiaa.org. Select the MY ACCOUNT menu, then select Manage investments.
Keeping this in view, what is a TIAA contract number?
Your contract number is either your TIAA number, your CREF number or your TIAA Mutual Fund Account number. These can be found in two places: your enrollment or mutual fund account confirmation documents or your quarterly statements.
Is TIAA-CREF a good retirement plan?
“Yet TIAA–CREF participants fare no better in retirement income than 401(k)-type plan participants with other financial services industry companies such as ING, Vanguard, and Valic. … That in turn means that they fare much worse than employees with traditional defined benefit pension plans.”
What happens to my TIAA-CREF when I die?
If your primary beneficiary is also deceased at your death, the benefits will instead be paid to his or her children. Your contingent beneficiaries would receive benefits only if your primary beneficiary and his or her children have also died.
Is TIAA-CREF an IRA or 401k?
In summary, the TIAA–CREF model is focused as a lifetime retirement income plan not as a simple accumulation vehicle. TIAA–CREF participants have access to account options that 401(k) participants generally do not.
How do I contact TIAA?
Call 800-842-2252 to talk about retirement.
Why is my TIAA account locked?
We lock online access to prevent fraudulent activity and to make sure “robot” password programs aren’t run on your account. … If you can’t unlock your account online, please call us at 866-207-6467, weekdays from 8 a.m. to 10 p.m. and Saturdays from 9 a.m. to 6 p.m. (ET).
Is TIAA-CREF or Vanguard better?
Vanguard is the better company for fund investors, while TIAA is the better choice for investors who are interested in managed accounts. Investors looking for the lowest commissions should take a look at Firstrade.
How safe is TIAA Traditional?
1 Your money is safe. Your contributions are guaranteed, backed by TIAA’s claims- paying ability. … TIAA Traditional pays among the highest rates1 available, including a guaranteed minimum rate, both while you’re saving and during retirement. 3 You can receive guaranteed income for life.
Is TIAA annuity a good deal?
TIAA Traditional can be a great tool. In a period like now where a 10-year US treasury bond pays well under 2%, the return on the TIAA Traditional annuity with a 10-year lockup can sound very attractive, particularly to someone who wants that kind of safety and doesn’t need the liquidity.
What can I do with my TIAA-CREF account?
Generally, you can withdraw any amount (up to your total balance) from your IRA, mutual fund or brokerage account. There might be some restrictions depending on a number of factors. You can log in to your account to view the amount you can withdraw from your employer-sponsored retirement plans.
How does TIAA retirement work?
TIAA has rewarded participants who save in contracts where benefits are paid in installments over time instead of in an immediate lump sum by crediting higher interest rates, typically 0.50% to 0.75% higher. Higher rates may lead to higher account balances and more retirement income for you.
Who is eligible for TIAA-CREF?
Additionally, TIAA Traditional is available through a TIAA IRA to eligible individuals, including those who currently work for organizations in the nonprofit industries we serve; people who previously worked for those organizations, as long as they were employed for 3+ years or while they were age 55 or older; and …