Response from TIAA-CREF:
Panda, Congratulations on your recent retirement!
Your dilemma is a common one experienced by participants as they transition out of full-time careers. The reality is that no one solution works best for everyone. Your options depend primarily on the rules of your retirement plan as established by your former employer.
Since some plans require action within a certain period of time following your last day of employment, it may be to your advantage to talk with a TIAA-CREF consultant soon to discuss your options and potential implications of taxes, penalties, etc. as a result of the decision you ultimately make.
To speak with a consultant, you may call the National Contact Center at 800 842-2776 between the hours of 8 a.m. and 10 p.m. Eastern Monday through Friday or 9 a.m. to 6 p.m. Eastern Saturdays.
Best regards, CommunityManager
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