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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 121061  
Subject: Re: TIAA-CREF "annuity" Date: 10/19/2005 5:11 PM
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She probably has a "TIAA Traditional Annuity" investment as one of her options. This is a ROYAL PAIN because you can only transfer out it over a ten-year period! I am currently in year three. Each year, they will transfer a portion of the balance in the traditional annuity into the rollover account.

There is lots of paperwork and your friend will need to keep an eye on the TIAA-CREF service people because they can very easily mess it up. I think my paperwork went back to three different locations in three different states.

She will also need to keep track of the anniversary date and make sure they make the transfer and that they do it correctly!!

Good Luck. In 10 years she will be free of the annuity and can transfer her IRA to another company that's not as complicated.

Barbara
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