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TIAA Traditional - This Mistake is Becoming Too Common
(Formally HigherEd Retire Podcast)
Welcome back to another insightful episode of HigherEd Retire where we unravel the complexities of higher education retirement plans.
I'm Greg Shepard from S&A Financial Services, your dedicated guide in maximizing your retirement benefits.
Episode Highlights:
1. The Higher Ed Retirement Puzzle:
Delving into the labyrinth of higher education retirement plans, which often prove perplexing for those navigating TIAA accounts.
Drawing on two decades of experience, I've encountered consistent mistakes that can significantly impact your financial future.
2. The Scenario: Group Retirement Annuity (GRA) to TIAA Traditional Illiquidity:
Illustrating a real-life scenario of an individual with a substantial GRA within TIAA.
The allure of TIAA Traditional's new rate (6.75% as of Nov 2023) tempts the move from
underperforming bond funds.
3. The Unintended Illiquidity:
Emphasizing the unintended consequence of illiquidity when transferring substantial sums into TIAA Traditional.
A cautionary tale of an account becoming illiquid, limiting withdrawal options.
4. The Client's Dilemma: Solutions and Options:
The client, realizing the mistake, sought professional guidance to navigate the complexities.
Exploring solutions such as the Transfer Payout Annuity (TPA) to reinvest and the 120-day separation strategy.
5. Public Service Announcement (PSA): Do Your Homework:
A crucial reminder to scrutinize and understand the liquidity aspects of TIAA Traditional before making any moves.
Advising listeners to reach out to TIAA or contact me for personalized guidance.
Conclusion:
In conclusion, this episode serves as a beacon of caution and enlightenment for those contemplating moves within TIAA Traditional.
Don't let your retirement plans become victims of unintended illiquidity; learn from the
experiences shared here.
For personalized advice or questions, don't hesitate to reach out. Your financial well-being is our priority.
YouTube Video Channel
Make sure to Connect w/ us - https://tiaasimplified.com/
📆 Jump on my calendar to see how we can improve your higher ed retirement plan
https://calendly.com/greg-safinancial...
email: [email protected]
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.
View all episodes
By Greg Shepard
4.5
66 ratings
(Formally HigherEd Retire Podcast)
Welcome back to another insightful episode of HigherEd Retire where we unravel the complexities of higher education retirement plans.
I'm Greg Shepard from S&A Financial Services, your dedicated guide in maximizing your retirement benefits.
Episode Highlights:
1. The Higher Ed Retirement Puzzle:
Delving into the labyrinth of higher education retirement plans, which often prove perplexing for those navigating TIAA accounts.
Drawing on two decades of experience, I've encountered consistent mistakes that can significantly impact your financial future.
2. The Scenario: Group Retirement Annuity (GRA) to TIAA Traditional Illiquidity:
Illustrating a real-life scenario of an individual with a substantial GRA within TIAA.
The allure of TIAA Traditional's new rate (6.75% as of Nov 2023) tempts the move from
underperforming bond funds.
3. The Unintended Illiquidity:
Emphasizing the unintended consequence of illiquidity when transferring substantial sums into TIAA Traditional.
A cautionary tale of an account becoming illiquid, limiting withdrawal options.
4. The Client's Dilemma: Solutions and Options:
The client, realizing the mistake, sought professional guidance to navigate the complexities.
Exploring solutions such as the Transfer Payout Annuity (TPA) to reinvest and the 120-day separation strategy.
5. Public Service Announcement (PSA): Do Your Homework:
A crucial reminder to scrutinize and understand the liquidity aspects of TIAA Traditional before making any moves.
Advising listeners to reach out to TIAA or contact me for personalized guidance.
Conclusion:
In conclusion, this episode serves as a beacon of caution and enlightenment for those contemplating moves within TIAA Traditional.
Don't let your retirement plans become victims of unintended illiquidity; learn from the
experiences shared here.
For personalized advice or questions, don't hesitate to reach out. Your financial well-being is our priority.
YouTube Video Channel
Make sure to Connect w/ us - https://tiaasimplified.com/
📆 Jump on my calendar to see how we can improve your higher ed retirement plan
https://calendly.com/greg-safinancial...
email: [email protected]
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.