Given: It is probably typical that we have more than one account with TIAA-CREF and eventually one or more become empty.
Find: Is it your experience that when one account runs out, funds are automatically withdrawn from other accounts? Or do we need to be proactive in suggesting or approving how a withdrawal pattern is changed.
Comment: I realize that my TIAA-CREF advisor could answer this quickly, but I hate to bother him which such a small question with a high probability of an obvious answer. It would sufficient for me to discover that, in your experience, TIAA-CREF has had a system in place for accounts which become empty, and that they have contacted you if and when they needed your input.
Thanks in advance.
Hi Dwight Beecher, thanks for starting a discussion thread! I moved your thread to the My Money topic, where it is more likely to get an answer. I look forward to seeing how others can assist you.
I was eligible to Invest in TIAA-CREF for a period of years, probably not quite a decade, until my last day of paid employment the middle of 2009.
What you call an account I personally would refer to as a "Fund" and while I was investing, yes I had many many of them.
However, the retirement side ("taking" income) seems a lot more complicated (and mysterious) to me.
All that I have now is in One - actually two - one is tiny and is TIAA-CREF and is ONLY the "annuity" part. All of my Mutual Funds "funds" are in a single place - elsewhere. In fact, my annuity portion is sufficiently modest that I just have all of it socked away as Federal Income Tax withholding. The annuity (elected) is ten total payments - over a span of nine years.
Any luck in getting an answer?
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