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Author: gogreengo Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75826  
Subject: Re: Did my parents get burned? Date: 9/10/2003 11:55 AM
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FYI:

http://www.tiaa-cref.org/ras/incopt/tpa.html

"Group Retirement Annuities
GRA participants can withdraw TIAA Traditional funds using the ten-year TPA method. They can also take their accumulations over a fixed period ranging from five to thirty years, or as a single-sum withdrawal subject to a 2.5 percent fee (provided the withdrawal is within 120 days of termination of employment). "

This 2.5% fee is called a "surrender charge" in my paperwork. (Okay, now do you believe me?)


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