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?
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