(Formally HigherEd Retire Podcast)

In this episode, Greg Shepard, who specializes in helping those in higher education get the most out of their retirement plan, shares with you the 3 most recent popular questions / topics asked to him from those viewing is YouTube channel.

In this episode, Greg shares with you what one can do if their TPA (Transfer Payout Annuity) from TIAA Traditional exceeds that of the RMD (Required Minimum Distribution). Question posed to Greg regarding this issue is can one take the difference (the TPA dollar amount greater than RMD) and direct that towards IRA rather than taking the income?

The answer is Yes, but the logistics of accomplishing this is a little trickier than one may think.

Also, piggybacking off the first topic, higher ed employees wanted to know if they could transfer TIAA Traditional balance NOT converted to a Lifetime Income Annuity?

Again, the answer is a resounding Yes, but listen to Greg as he shares with you how to accomplish this.

Lastly, Greg shares with you something he’s discussed in prior podcasts. With TIAA Traditional realizing such high interest rates, does it make sense to use this fixed investment as a bond alternative?

The answer is Maybe, depending on your contract and how you feel about the liquidity issues around TIAA Traditional. Again, listen to this episode and Greg will talk you through the nuances.

YouTube Video Channel

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email: greg@shepardfinancial.com

913-521-2381

Disclosure S&A Financial Services, Inc. is a registered investment advisor. Content presented is for informational purposes only and should not be considered as investment advice or as an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Always consult with your tax advisor or attorney regarding your specific situation….(read more)

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TIAA Traditional is a popular retirement savings option offered by TIAA, a leading financial services company. This fixed annuity option provides individuals with a guaranteed interest rate and a steady stream of income during retirement. If you are considering investing in TIAA Traditional, you may have some questions about how it works and its benefits. Here are three popular questions about TIAA Traditional, answered:

1. What is TIAA Traditional and how does it work?
TIAA Traditional is a fixed annuity option that guarantees a minimum interest rate and provides a steady stream of income during retirement. When you invest in TIAA Traditional, your money is placed in a general account that is managed by TIAA. The company then uses the funds to invest in low-risk assets, such as bonds and other fixed-income securities. In return, you receive a guaranteed interest rate on your investment, as well as regular payments during retirement.

2. What are the benefits of investing in TIAA Traditional?
One of the main benefits of investing in TIAA Traditional is the guaranteed interest rate, which provides a stable and predictable income stream during retirement. This can help individuals plan for their financial future with confidence, knowing that they will receive a consistent payout over time. Additionally, TIAA Traditional offers tax-deferred growth, meaning that you do not have to pay taxes on your earnings until you start withdrawing funds in retirement. This can help your investment grow faster over time.

3. Are there any drawbacks to investing in TIAA Traditional?
While TIAA Traditional offers many benefits, there are also some drawbacks to consider. One potential downside is that your investment may not keep pace with inflation, as the interest rate is fixed and may not adjust for changes in the economy. Additionally, there are restrictions on how and when you can access your funds, as TIAA Traditional is designed for long-term retirement savings. Finally, if you withdraw funds before retirement age, you may incur penalties or fees.

In conclusion, TIAA Traditional is a popular retirement savings option that offers a guaranteed interest rate and a steady stream of income during retirement. While there are benefits to investing in TIAA Traditional, such as tax-deferred growth and financial stability, there are also drawbacks to consider, such as potential inflation risk and limited access to funds. It is important to carefully evaluate your financial goals and risk tolerance before investing in TIAA Traditional or any other retirement savings option.