TIAA Traditional: 100% Annuitization or Not? Retirement Income Strategies скачать в хорошем качестве

TIAA Traditional: 100% Annuitization or Not? Retirement Income Strategies

Greg Shepard - S&A Financial Services, Inc. With over 20 years of experience, Greg specializes in helping individuals in higher education across the country optimize their retirement savings. If you have any questions or need assistance regarding this topic or any other financial matters, feel free to reach out. In today's short video, Greg addresses a common question: "Do I have to annuitize 100% of my TIAA Traditional?" The answer is a resounding no, and Greg is here to shed light on this topic. Greg recently received a few inquiries about this, and he's happy to provide clarity. He shares a hypothetical scenario where a client had a substantial amount invested in TIAA Traditional. However, after a thorough discussion about the client's financial goals, it became clear that she didn't require income from the entire portfolio. The client had other assets, estate planning considerations, and desired investment opportunities in the stock market. In this case, Greg and the client decided to initiate income payments from a portion of the TIAA Traditional account, approximately one-third, to cover her fixed expenses. The remaining balance was allocated to other strategies, allowing for flexibility and investment diversification. Greg emphasizes that annuitizing 100% of your TIAA Traditional is not mandatory. There may be various reasons why individuals choose to do so, such as ensuring essential expenses are covered by fixed income sources like Social Security or pensions, while using TIAA Traditional to supplement those payments. However, if you have specific financial goals and prefer to allocate your assets differently, you have the flexibility to do so. To explore your options and create a retirement plan tailored to your needs, it's crucial to consult with an experienced professional. Remember, your retirement plan should reflect your individual goals and priorities. Don't hesitate to reach out to Greg Shepard at S&A Financial Services or explore his podcast and videos for further insights. Don't miss out on optimizing your higher education retirement plan. Subscribe to our channel, like this video, and stay tuned for more valuable advice from Greg Shepard. Wishing you a prosperous future, and until next time, take care! =========================== 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.