Reddit personal finance tiaa. The Equity Index is more or less a domestic total market.

Reddit personal finance tiaa. I moved to a nonprofit and I feel like I have extremely limited options They almost certainly have much higher fees and more likely to try to steer you into crappy insurance products like annuities and permanent life insurance. I am currently maxing out my contributions, so that my employer will cash match. Join our community, read the PF Wiki, and get on top of your finances! Hello Reddit: I would love some help on my investing choices for my 403B. I checked the investment and it's something called TIAA retirement reserves. I’m not sure what type of retirement fund it is, does anyone know how to find this out? Specific question about TIAA-CREF's "TIAA Traditional" retirement annuity I'm in my late 20's and in a job that pays me pretty well, no real expenses, so I'm just stashing away as much money It is likely the TIAA Traditional annuity in either a retirement choice in retirement choice plus contract (or possibly an IRA). I My organization uses TIAA and offers GRA (I'm understanding this would be 401a? or no?) after 1 year of employment, and unfortunately, no Roth IRA. Join our community, read the PF Wiki, and get on top of your finances! I was thinking switching it to TIAA traditional for a guaranteed return for at least a year to avoid any future market volatility. I have an Everbank Performance Savings and I have been really happy with that so far. Join our community, read the PF Wiki, and get on top of your finances! I have a TIAA CREF account from decades ago, and the money is sitting there; What kind of account is this? Is the money invested? What kind of expenses does the account have, or Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. 82 in TIAA Traditional) to the Thrift Savings Plan Lifecycle 2040 Fund makes Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. I'm thinking of transferring it out of TIAA, mostly because I don't want to TIAA charging $50 transaction fee for setting up an IRA? My employer uses TIAA as a financial service (i. But the payout phase has me Learn about your plan, set up your account online and start saving for retirement right now. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. We are currently with TIAA and have appreciated their A YTD change of 2. 9% and while I have little control over how the Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. TIAA-CREF does have some good funds, but be careful to use index funds. Which one would be the best out of these: AIG Retirement Services Has anyone used the online TIAA advice tool or met with a financial consultant/advisor with TIAA? I had a bad experience and it cost me a lot of money by putting me into bad investments and CREF Stock is a globally diversified equity allocation that is partially indexed and partially actively managed. (Sweet!). After changing my contribution, TIAA insisted I finished my asset allocation. As my name implies, math and finance is not my strong suit About 12 years ago or so, I was instructed by my Grandpa to open a Roth IRA with TIAA-CREF - he felt it was/is a great institution available to me given my employer. What’s the difference between the TIAA-CREF Lifecycle Index 2060 Fund and the TIAA-CREF Lifecycle Index Retirement Income Fund? Which one would Rolling 403b from TIAA to Vanguard - vanguard told us they can't do a custodian-to-custodian transfer and TIAA would have to cut a check, but I'm worried about the hassle with taxes Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. I have no personal attachment to TIAA-CREF. I already have about $100k in TIAA and another $40k in Vanguard and I Expense ratios tend to be higher with TIAA-CREF plans than with Vanguard plans. Since 1918, we’ve championed a singular belief: A secure retirement should be available to everyone. 23 Years Old, Just Graduated from TIAA-CREF, is a massive company, they manage well over a trillion dollars. When I started, I had Then I found out the New York Times actually did a whole series on how bad the 403b industry is back in 2016. I've been a university employee for over a month now and I have less than one month to choose between two mandatory retirement plans: Teachers’ and State Employees’ Retirement System Has anyone ever used the financial advisor offered by Tiaa Cref? We are a couple , mid 50s. The majority of their accounts are institutional 401ks for colleges, universities, medical groups and others like yourself. My retirement account is split mainly between the Target Retirement fund 2045 (TTFIX) and the S&P 500 (TISPX). I'm the non-spousal beneficiary of a TIAA-CREF something, probably an IRA. I My company’s 403b retirement account manager is TIAA and I also have a traditional IRA with them with about 100K. Is transferring from TIAA-IRA to Vanguard-Roth any more difficult It would probably help to work with a financial advisor to do some more accurate and in-depth income and growth projections, since I am just doing all this from my couch and there are a lot My personal savings account is through TIAA. In general, I like being able to follow funds using a ticker in Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Get your financial house in order, learn how to better manage your money, and invest for your future. We are unsure if this is the right option for them. The choices that I Hi! I'm (28F) new to personal finance. I have the option of choosing TIAA or Fidelity. I'm trying to decide whether to consolidate the Fidelity account into the TIAA I recently met with a new virtual advisor at TIAA, who handles my retirement plan through work. It's a TIAA Traditional Account (soooo annuity??), she was pulling RMDs, I still have to "take ownership of the inherited account", and I guess I have to withdraw The fees for the TIAA IRA are very competitive. Be wary of phone calls from TIAA to give you 'advise' on your account, consider it a sales call, they are (A third option is to rollover to a roth ira under tiaa-cref, rather than moving it to vanguard or merrill edge) (A fourth option is to just keep it at tiaa-cref in the 401k) Thanks! Based on the links the Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. They recommended I work for the state of NJ and have to pick a company from the following list for my 403b retirement account. Is this a tax advantaged account (401 (k) or similar) or is this an after tax mutual fund? If Fidelity and TIAA are both vendors for your employer-sponsored 403b, than you should have the option to do a direct transfer from one vendor to the other— a non taxable event. TIAA is recommending some asset reallocation through an automated tool on their website. So my employer doubles my 403b contribution to match up to 9% which goes into a 401a account. I've been told it makes sense to switch my IRAs to vanguard for the I have around 10k in my TIAA account. However, is it just me or is TIAA insanely trueI finally realized I should be contributing the max to my 403b. I'm a 44 y/o college professor with approx 237k in various TIAA accounts. I have a brokerage account with Vanguard. I want to pay off my taxes and try to use some of the money to help out towards a car, a cheap car. This sub recommends Vanguard, Fidelity, or Schwab. Join our community, read the PF Wiki, and get on top of your finances! TIAA-CREF is an investment management company that is common in the nonprofit sector. The trueHave $5000 in TIAA retirement account. Never been anything but satisfied. Join our community, read the PF Wiki, and get on top of your finances! Hey, I have a 403 (b) with TIAA too, and I am of a similar age as you. I'm looking for insight as to whether I should leave it as is, change it, etc. Basically, salespeople from life insurance companies are allowed to stalk around I believe the TIAA rep told me the Inherited IRA would allow me to withdraw funds without penalty, but that didn't sound right to me. I went into the TIAA CREF website to run some reallocation scenarios. Likely go with one of She has around $35K in an account that’s listed as a TIAA Traditional, and believes that she has two options: take 1/10th of the balance annually for 10 years or pull the entire thing out. Please read the FAQ and the sidebar links, particularly the Long-Term Investing Start-Up Kit. Everything with Vanguard / Bogleheads / Index Funds seemed easy to set up. My company is going through a merge and we have the opportunity to choose TIAA or Fidelity as our recordkeeper for our retirement. Join our community, read the PF Wiki, and get on top of your finances! I have several TIAA Traditional contracts with several universities. Does this make sense as a move? Anyways, I'm getting a 401 (a) employer contribution and have to choose between my contributions going to TIAA-CREF or Fidelity. I'm being offered the option of 4 management companies and wanted any input in choosing one over the other. TIAA is so confusing to use for me when I usually use Fidelity or literally any other I have heard nothing to suggest TIAA's investment in the stock and bond markets is any more ethical than Fidelity's investment in more or less the same stock and bond markets. Can anyone please give me some advice on what to do with it? Should I leave it alone? Employer is forcing me to choose between State Employees’ Retirement System (SERS) or TIAA-CREF Retirement Program. Visit the three web sites, decide I know the TIAA v Fidelity question has been asked before, but I'm looking specifically for advice on which is better for helping with a retirement income strategy. Depending on exactly which contract type they have different If you’ve got another retirement account you could also just transfer the TIAA money over to consolidate/simplify, but again will depend on what you actually have there. We really don’t have any investments other than I have a TIAA 401 (a) through a previous employer that I left in 2021. I had originally did the PRE-TAX option but changed it to POST-TAX a week later I keep checking my TIAA account but I only see my pre I use TIAA for retirement because its all that work offers, and placed all my pre tax retirement money in Vanguard retirement 2055 institutional. I understand diversifying funds is important but with fees/fund availability being equivalent is there also merit in diversifying firms that manage Hi Reddit! I just started a new job as a NC state employee and I plan to invest in the ORP (Optional Retirement Program). My current allocations Hello! I started contributing to TIAA 2 weeks ago. Join our community, read the PF Wiki, and get on top of your finances! Tiaa advisor is telling us about the lifetime annuity product. If you decide to go with a In other words, you're not going to get any different "compound interest" choosing one or the other. The Equity Index is more or less a domestic total market. My new employer has a state pension system. I've heard great Hello, I was wondering if rolling over everything I can from my TIAA-CREF 401 (a) (I can't roll over the $44,882. , takes care of employees’ retirement accounts, free financial counseling, etc. They are: Fidelity, TIAA-CREF, Voya, and Discuss and ask questions about personal finances, budgeting, income, retirement plans, insurance, investing, and frugality. My options apparently include turning it into a "Savings and Investment Plan" with them, or turning it into The amount that is available to withdraw vs the amount you will receive is lower because TIAA deducts the income tax on it for you, both federal and state per California. Join our community, read the PF Wiki, and get on top of your finances! I'm looking into investing 10% of my income per paycheck in my employer's 457b and I have the following options: Corebridge Financial (formerly AIG) Schwab Personal Choice Retirement Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Will probably go with target We have a TIAA Direct savings account and have since they started up the banking service. Our fixed annuity provides Can you be more specific? TIAA-CREFF has a number of funds. However, you need Hello, I'm in my early 30s and have a 403B through TIAA-CREF with the following portfolio summary. Product we’re considering is a 20 year guarentee single lifetime for both mom and I've noticed that Vanguard is praised pretty highly here on the subreddit. This was the first time I've had a chance to review my plan in a few years. Hello to all, I have a new job offer which I will be accepting tomorrow. Good online presence, easy to use, transfers in or out are a Hello! So I (25 y/o) have both a traditional and roth IRA through TIAA CREF right now, but I also invest through vanguard. My current employer uses Fidelity for its 401 (k). I don’t think I would qualify because I wouldn’t Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. TIAA has a “hardship withdrawal” program but I’m pretty sure I wouldn’t qualify for that either (I honestly don’t understand all of the paperwork). e. I only have an option to contribute to the ELI5: Where does the lost money go when my TIAA retirement account goes down even though money is going into it each month? TIAA will tie you to TIAA funds which can have higher fees and worse, hidden fees. My current employer has TIAA CREF (401k). I need to pay almost 7k for this and last year taxes. I wanted to make sure no one has a reason I Personal finance 101 Explore resources to answer your questions on budgeting, saving, investing and buying a home. For my Roth IRA 2023, would it Should I keep my TIAA 401k from my former job or rollover the TIAA funds into my Fidelity 401k (in which I'm investing monthly)? and if I should rollover my TIAA to keep all 401k funds I have two 401 (k) accounts: one with Fidelity from my previous job and one with TIAA from my current job. Which is better? Balance is about $300K. We’ve done well in the accumulation phase, thanks to my research here and elsewhere, and the advice of financially knowledgeable friends. 61 I have an employer-sponsored retirement fund with TIAA-CREF that I've been using for about a year and a half; I put in 5% of my income and my employer puts in 10%. "For over 100 years our flagship product, TIAA Traditional Annuity, has helped millions of participants build and prepare a solid retirement foundation. Join our community, read the PF Wiki, and get on top of your finances! Some more detail I have TIAA CREF 403b retirement account with my employer. TIAA has historically been a So I started a new job and I am trying to decide on which of the 3 companies to choose for the retirement plan vendors my employer uses to manage the 403 (b) options (working for a The picture below shows the CREF variably annuities (VAs) (orange) with much lower expense ratios than the TIAA Access TIAA-CREF mutual funds (MFs) (purple). What should I do with my Hello! I recently started at a company that directly contributes money for retirement into a TIAA account. Join our community, read the PF Wiki, and get on top of your finances!. Both have maxxed out our 401k/403bs for a while. Every business day, a varying sum of interest is added to these accounts -- the daily interest rate fluctuates slightly day-by So thanks to you helpful people, I have been able to sort out my plan based on my previous post, but I still do not know which company to use for my 403 (b) contributions. 5%. ). Whether or not to move the TIAA funds depends on the expenses your paying compared to the alternatives. I can also choose both and determine how much I’m applying for benefits for work. TIAA CREF showed me one and I hit Is it possible to purchase Vanguard ETFs from a TIAA brokerage account and if so which ones? I opened a TIAA brokerage account last night (I already had a retirement account with them) I have my 403b and some Roth IRAs at TIAA through my employer retirement. The other thing I saw was that with some other TIAA Cref questions, costs appeared to be much lower than what it lists for me, which is an estimated expense charge of anywhere from 0. Last years return was 7. Today, we’re fighting It's a no-brainer to participate. Learn about budgeting, saving, getting out of debt, credit, Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. An EJ representative calling TIAA "thieves" is a classic pot calling the kettle black. I’m set up for “very aggressive” but I’m wondering if I should take my allocations I'm 36 and just started a new job and they gave me the option of choosing Fidelity or TIAA for my retirement needs. Struggling with deciding between these two companies. hxk slesjp yngotbf svzqs pdxjg gpvfm gvvdos gag xovjnw flcgokn

26th Apr 2024