UnThreaded | Threaded | Whole Thread (15) | Ignore Thread Prev | Next
Author: Hawkwin Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75791  
Subject: Re: Is not the time to Sell High? Date: 7/17/2013 4:26 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Befoer you consider adding anything else (including your current contributions) to the fixed portion of TIAA, you should find out if there are any withdrawal restrictions on such. In the past, the TIAA Traditional account had a minimum distribution period of 10 years. That means that when you are ready to start taking money out, you can only get roughly 10% a year for the next ten years.

In those cases, you have no other means to get the money - even by paying surrender fees.

Beyond that, examine your timeline. Will 3-4% on the money be enough to meet your financial goals in retirement? Will you need any of that money to earn more over the next 20-30 years during your retirement?

Might it be better to remain invested and spend down the TIAA account and let the CREF remain invested and growing - and systematically move money from the CREF to a more secure investment over time?
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (15) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Smuggling Rice and Garlic
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement