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Subject:  Tiaa withdrawal and ownership change Date:  1/5/2001  8:54 PM
Author:  broddus Number:  5990 of 19741

I am wondering should I try and take these funds from my retirement annuities, where I can not change the ownership of the annuity to my children, and buy annuities where I can change the ownership if I desire to do so. I am not talking about the beneficiary, but ownership of the policy.

I have a Tiaa 403(b) retirement plan which I haven't started to take distributions on yet. It amounts to roughly $650,000. 1/3 of this is in Tiaa Guaranteed Income account having 10 years ( 10 equal payments) as the shortest period of withdrawl. The remaining portion ( in Cref equities) is available to me immediately. This is all the retirement income I will have.

I am 65years old ,retired for 3 years, and married. My wife ( a year younger also retired for 3years) and I are living on our social security and her pension. We seem to manage and if need

During the past 3 years I have become keenly aware of