TIAA: What Happens to my Money Left in Traditional After 10yr TPA Chosen? скачать в хорошем качестве

TIAA: What Happens to my Money Left in Traditional After 10yr TPA Chosen?

Greg Shepard - S&A Financial Services, Inc. #tiaatraditional #tiaaa #tiaa Greg Shepard here. In today's video, I'm addressing a common source of confusion and misinformation surrounding the 10-Year Transfer Payout Annuity (TPA) option within TIAA Traditional. If you're considering this option or already have it, this video is a must-watch. First off, let me clear the air and debunk some misconceptions. Many of you believe that once you opt for the 10-Year TPA, the funds left in TIAA Traditional will drop down to a two and a half percent interest rate indefinitely. That's not entirely accurate, and I'm here to set the record straight. Let me illustrate this with a real-life scenario of one of my clients. They had $250,000 in an RA contract and opted for the 10-Year TPA, receiving around $30,000 to $32,000 annually over nine years. Now, here's the crucial part: the interest rate on the remaining funds is not fixed at two and a half percent. Instead, the interest rate is based on the average crediting rate, which, in this case, is 4.6 percent. However, it's essential to note that TIAA's Board of Trustees meets annually in March to review and potentially adjust the guaranteed rate and the additional rate. While it's rare for these rates to be lowered, economic conditions can influence their decision. So, contrary to popular belief, your funds in TIAA Traditional won't necessarily drop to two and a half percent. Understanding this can make a significant difference in your financial planning and retirement strategy. If you're still unsure about your situation or have questions about the 10-Year TPA option, don't hesitate to reach out. I'm here to help you navigate through the complexities and ensure you make informed decisions. Feel free to contact me, and I'll provide you with personalized guidance tailored to your specific needs. Take care, and until next time, this is Greg Shepard from S&A Financial Services. =========================== Get Started Today ➡ https://www.safinancialservices.com/ 🔔 Make sure to subscribe here to get notifications of future videos @TIAAsimplified Make sure to connect w/ us ➡ https://tiaasimplified.com 📆 Jump on my calendar to see how we can simplify your TIAA life.... (copy & paste) https://calendly.com/greg-safinancial... 🎤 Explore the Podcast    • TIAA Simplified Podcast   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.