The Motley Fool Discussion Boards
Investing/Strategies / TIAA-CREF
|Subject: Re: TIAA-CREF Reports Error||Date: 9/25/2006 2:02 PM|
|Author: Lokicious||Number: 39 of 57|
I'm getting more and more disgusted with TIAA-CREF.
I took out all my mutual funds from them when they changed the fee structure -- against the will of the voting majority, I might add -- and made them among the most expensive funds to own. That was over $300,000 they lost by that move.
I still have my Money Market account with them, but will close that out by the end of this year.
My retirement account is still with them, but only because I have no control over it.
They better get their act together soon... as their reputation is going down the tubes and more and more investors will flee like I did.
There is life on this board (and, here, I thought it was Franco, still dead).
As far as I can see, TIAA-Cref offers nothing, except TIAA—Traditional, not available for less at Vanguard, and Vanguard has lots more fund options. More importantly, Vanguard has a brokerage service that has free auction bids on Treasuries, brokered CDs, etc.
I have never had any interest in TIAA- Cref other than retirement plan. I do intend on sticking with TIAA-Traditional in the regular retirement account after retirement. But all supplemental money is going out into a Traditional IRA (probably spread across a couple of credit unions for CDs and Vanguard for TIPS auctions and Corporates and maybe some remnants of stock funds, though most stock money will be in taxable account).
I'm not convinced I can beat TIAA-Traditional in the regular retirement account with a conservative CD/bond ladder. But it should be pretty easy to do better than TIAA-Traditiona in the supplemental account.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|