UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: DoktorDi Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76882  
Subject: Re: Annuities Date: 1/28/2000 3:13 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
<< So you may look into TIAA CREF as a possible sponsor for your plan. Your choices in the 403b are probably restricted. >>

I've been in TIAA CREF for 30 yrs. The average interest on the annuity portion for me will be 7%. But there are some issues that aren't very clear until you retire.
Both TIAA and the employers place restriction on your ability to rollover the annuity into a self-directed IRA. In my case, two institutions contributed to my pension. The first one (only 1/3 of my accumulation) will allow me to rollover the entire amount. The second one will only allow me to rollover the amount I contributed but not the institution's contribution. In both cases, TIAA further limits it by requiring that the rollover occur over 10 years.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next


The Retire Early Home Page
Discussion on accelerating retirement day.
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:
Berkshire Hathaway

Buffett's Biggest Mistake
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 Glassdoor #1 Company to Work For 2015! 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.