Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: numbrel 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 121599  
Subject: Re: TIAA-CREF "annuity" Date: 10/20/2005 10:09 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
I know it might not be possible to fully answer the question without a lot more detail, but in what respect is a TIAA-CREF retirement plan an "annuity"?

Sorry, I just realized I didn't answer your question. The qualified retirement plans at TIAA-CREF are annuities. How it all works, I'm not sure and the TIAA-CREF website gives very little info. There are different investment choices that look like mutual funds, but the TIAA-CREF mutual funds are a separate entity that are available through IRAs (is your friend rolling over to TIAA-CREF IRA or does she want to move the money completely?).

Any money in the look-like-mutual-fund accounts (CREF Stock, CREF Global Equities, CREF Social Choice, TIAA-Real Estate, etc.) can be moved to a rollover IRA as soon as all the paperwork is done. Any money in the TIAA Traditional Annuity is moved over a ten year period.

Barbara
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
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

Looking at Currency Ratios
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