
TIAA CREF Salary Reduction Form Millsaps College Millsaps
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People also ask
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What is the new name for TIAA-CREF?
We're making some enhancements to TIAA-CREF (TC) Funds and TIAA-CREF Life (TCLF) Funds that we'd like to share with you. Beginning May 1, 2024, all TC Funds and TCLF Funds will be rebranded Nuveen, the name of TIAA's global asset manager.
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Are TIAA and TIAA-CREF the same?
The Teachers Insurance and Annuity Association of America-College Retirement Equities Fund (TIAA, formerly TIAA-CREF) is an American financial services organization that is a private provider of financial retirement services in the academic, research, medical, cultural and governmental fields.
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What is the difference between TIAA traditional and CREF?
TIAA Traditional is a guaranteed insurance contract and not an investment for federal securities law purposes. Payments under CREF and the TIAA Real Estate Account are variable and will rise or fall based on investment performance.
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How do I get out of TIAA?
If your plan allows it, you can withdraw money online. If an online withdrawal is not an option, call us at 800-842-2252. Please be sure to contact us two to three months before you must receive your withdrawal to ensure you receive funds by the required deadline.
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What happens to my TIAA-CREF when I leave my job?
Subject to your plan's rules, after you stop working you may be able to convert some or all of your balance to a stream of lifetime income from TIAA. You may also be able to make full or partial lump-sum withdrawals.
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What is the difference between TIAA and TIAA-CREF?
Though you often hear them used together, TIAA and CREF are different things. TIAA is our company name, while CREF is a variable annuity that we created and provide to our customers. Because we made CREF, you may hear people refer to it as TIAA CREF.
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What kind of retirement plan is TIAA-CREF?
Because of its basic design features, TIAA-CREF can be framed as a pension plan providing lifetime income at retirement rather than as a tax-favored wealth accumulation vehicle for employees to defer current income as a personal supplement to retirement income.
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When did TIAA-CREF become TIAA?
TIAA was formerly also part of the College Retirement Equities Fund (CREF), which spun off as a separate entity in 2016.
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