Retirement Benefits

TIAA has provided several resources to help answer questions you may have during this volatile time:

• Overall market commentary
• Market jitters perspective
• How to weather stock market volatility
• Diversification and market volatility
• Strategies for staying on track
• Diversification video
• Investing for long term goals video
• TIAA webinars –  Because we have single sign-on, please go into TIAA’s system through MyFurman (MyFurman > A-Z Index > TIAA (403(b) Retirement Plan) > Enter your Furman Network IT Credentials > you should now be on your personalized TIAA page.  Now, keep that open and open a new tab right next to it in your browser.  Paste this link in the new tab:  www.TIAA.org/webinars  The browser will already know that you are signed in with the prior steps and should take you to a page where you can complete your profile information.  It looks like once done here you can click Save and then X-out of the box.  Now you’ll be in the Live Webinar Lounge where you can scroll through the webinars and click on Register.

• Income Options
• Quickstart Online Resources
• Benefits of Starting Now

• TIAA Lifecycle Funds
• TIAA Advice Services
  
• TIAA Brokerage Account

• Combined Summary Plan Description 2018
• 2018 DC and TDA Summary Annual Report
• Qualified Default Investment Alternative and Auto-Enroll Notice
• QDIA Fact Sheet

• 2019 TDA & DC​ Fee Disclosure

1. LEAVE IT ALONE: You have the option of leaving the funds with the retirement company to continue accumulating earnings. You will continue to receive your quarterly statements at your address on file.
2. CASH WITHDRAWALS: You may receive up to 100% of your TIAA accumulation as a lump-sum cash payment. 100% of your TIAA accumulation may be withdrawn and will be paid to you in equal annual payments over a period of ten years. Any remaining balance of your accumulation is payable to you as annuity income or systematic payments. (There is a mandatory federal tax withholding of 20% on any tax-deferred lump-sum cash payments received. Also, if you are under the age of 59 and 1/2, there is an additional 10% early withdrawal penalty.)
3. ROLLOVERS: You can continue the benefit of tax deferral by directly rolling your account over to an IRA or to an employer’s similar retirement plan.
4. REPURCHASE: You are eligible for repurchase if your total accumulation is not more than $2,000.
5. ANNUITY AND RETIREMENT OPTIONS: Call TIAA: 1.800.842.2776

1. LEAVE IT ALONE: You have the option of leaving the funds to continue accumulating earnings. You will continue to receive your quarterly statements at your address on file.
2. CASH WITHDRAWALS: You may receive up to 100% of your accumulations as a lump-sum cash payment. (There is a mandatory federal tax withholding of 20% on any tax-deferred lump-sum cash payments received. Also, if you are under the age of 59 and 1/2, there is an additional 10% early withdrawal penalty.)
3. ROLLOVERS: You can continue the benefit of tax deferral by directly rolling your account over to an IRA or to an employer’s similar retirement plan.
4. ANNUITY AND LOAN OPTIONS: Call TIAA’s Participant Information Center at 1-800-842-2776 for specific questions.