TIAA Traditional Little Known Strategy

Greg Shepard - S&A Financial Services, Inc.

Welcome to S&A Financial Services with Greg Shepard, your go-to expert for maximizing your higher education retirement plan.

In this video, Greg unveils a little-known TIAA Traditional strategy that you can implement to optimize your university retirement plan. As Greg recounts a recent client scenario, he emphasizes the importance of seeking guidance from knowledgeable professionals beyond TIAA representatives. This strategy is specifically tailored to those with TIAA Traditional accounts within their higher ed retirement plan.

Greg shares an eye-opening story of a long-time TIAA client who, after 30+ years, discovered a significant limitation on her TIAA Traditional account. With nearly $800,000 divided between GRA and RC contracts, she faced unexpected obstacles when considering rolling over her funds to an IRA.

Greg explains the complexities of the 10-year Transfer Payout Annuity (TPA) requirement and the 7-year TPA in RC. While not an insurmountable hurdle, it highlighted the need for early education and planning.

Greg introduces a valuable strategy to consider: enacting TPAs while still employed and distributing the funds among TIAA investments within your contract. By strategically divvying up the funds and exploring different TIAA contracts or lifetime income annuity options, you can avoid potential pitfalls during retirement. Greg stresses the importance of understanding the specific variables that impact your situation and urges viewers to educate themselves thoroughly.
Don't fall into the trap of apathy when it comes to your higher ed retirement plan. Greg encourages proactive planning, such as initiating TPAs several years prior to retirement and exploring various TIAA Traditional strategies. By taking control of your financial future and seeking professional advice, you can make informed decisions and avoid last-minute surprises.

Remember, TIAA representatives are dedicated professionals, but it's crucial to consider who ultimately pays their bills. Educate yourself, explore your options, and reach out to experts like Greg Shepard for personalized assistance. Don't miss the opportunity to unlock the full potential of your TIAA Traditional account. Watch this video now and take a step towards securing your retirement dreams!

Disclaimer: This video provides educational information and should not be considered as investment advice. Always consult with a qualified financial advisor before making any financial decisions.
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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.