So you have a retirement account — or several — and your spouse does as well. Perhaps you’ve found that managing contributions and paperwork for multiple accounts is challenging and time-consuming. Did you know that you can consolidate the accounts you and your spouse may hold?
Consolidating separate retirement accounts belonging to you and your spouse or domestic partner into an IRA can help simplify your finances.
Consider rolling over multiple accounts into one IRA if you are experiencing any of these financial planning challenges1:
If you've decided it's time to consolidate, it's important to choose an IRA with a company that understands the specific needs of people saving for retirement.
Here's what to look for:
1 Carefully consider differences in features, costs, charges and expenses, services, company strength and other important aspects. There may also be surrender charges and tax consequences associated with the transfer. Indirect transfers may be subject to taxation and penalties. Consult with your own advisors regarding your particular situation
TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products.
† Web seminars are best viewed using a high speed Internet connection (such as DSL, ISDN, or cable access). Macromedia Flash Player 6.0.79 or higher, or Macromedia Flash Player 7 or higher for Linux and Solaris is required.
Learn how a TIAA-CREF IRA can help you save.