Navigating TIAA Traditional Liquidation: Your Options Explained!

Описание: Greg Shepard - S&A Financial Services, Inc.
#tiaatraditional #tiaaa #tiaa

Welcome back, everyone! Join me, Greg Shepard from S&A Financial Services, your trusted advisor in higher education retirement plans. Today, we're delving into TIAA Traditional, unraveling the complexities of liquidation.

Many of you have reached out with plans that hit a snag when it comes to liquidating TIAA Traditional. Let's dispel the confusion and arm you with the insights needed for informed choices.

Let's start with the contracts: RA, GRA, and RC. We're focusing on liquidation strategies, not lifetime income annuity options.

While still working, liquidating within an RA contract offers choices like the 10-year Transfer Payout Annuity (TPA) for balances over $2,000. New York residents, take note of specific rules.

Post-employment, options shift. Less than $2,000 in your RA? Opt for a small cash payout followed by an IRA rollover. For larger balances, consider TPA, RMD interest-only, or lifetime income annuity, factoring in the 2.5% penalty strategy.

Similar considerations apply to GRA and RC contracts, with nuances based on balances, employment, and state regulations.

Each situation is unique, so understand your options fully.

Questions? Reach out. Contact info's below. Thanks for tuning in! Like, share, and subscribe for more insights. Until next time, Greg Shepard from S&A Financial Services, signing off.
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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.