Maximizing TIAA Traditional: Real-Life Strategy скачать в хорошем качестве

Maximizing TIAA Traditional: Real-Life Strategy

Greg Shepard - S&A Financial Services, Inc. #tiaa #tiaaa #tiaatraditional Welcome to S&A Financial Services with Greg Shepard, a channel dedicated to helping individuals in higher education make the most of their retirement plans. In this video, Greg shares a real-life strategy implemented for a client, focusing on the TIAA platform and specifically TIAA Traditional. It's important to note that this strategy is not meant as investment advice for viewers, but rather serves to spark ideas and provide educational insights into the possibilities within higher education retirement plans. Greg introduces a client who accumulated multiple contracts (eight to ten) throughout their working years in different universities. This scenario can be overwhelming and highlights the need for tailored strategies. Greg emphasizes that each client's strategy is unique and should not be replicated without consulting an educated and knowledgeable professional in the field of higher education retirement plans. The client in question had approximately $800,000 under the TIAA umbrella, with a significant portion in TIAA Traditional across multiple contracts. The strategy involved transferring the majority of these funds, except for one favorable investment, to an IRA for greater flexibility and accessibility. Greg briefly mentions the potential for future withdrawals from the IRA but acknowledges that it requires a separate discussion. On the TIAA side, the client had several TIAA Traditional contracts, including some liquid ones. Taking advantage of high interest rates at the time, Greg and the client decided on a strategy for the liquid contracts – 120-day reinvestment strategy. Regarding annuity options, the client decided to activate lifetime income annuities for two contracts and opted for a 7-year TPA (Transfer Payout Annuity) to an IRA for another illiquid contract. Other contracts were structured with either a 10-year TPA or a 7-year TPA to the IRA, allowing for liquidity and flexibility. Throughout the process, the client's desired retirement income and estate planning objectives were taken into account. Greg emphasizes that there is no one-size-fits-all strategy and that it is crucial to consult an independent advisor who is knowledgeable in higher education retirement plans. Such an advisor can provide unbiased guidance and work with you to develop a personalized strategy. If you find yourself in a complex situation similar to this case study and would like to bounce off some ideas, Greg encourages you to reach out to him for a consultation. Remember, the world of TIAA, especially with multiple contracts and TIAA Traditional, can be intricate, so seeking professional advice is essential. Join Greg Shepard at S&A Financial Services as he shares valuable insights and strategies to help you optimize your higher education retirement plan. Watch the video, gain knowledge, and make informed decisions about your financial future. =========================== 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.