Federal law requires TIAA-CREF to report deductible and nondeductible contributions, conversions, recharacterizations and rollovers you make to your Individual Retirement Account (IRA) during a given tax year. This applies to both a Traditional IRA as well as a Roth IRA (you will receive one Form 5498 for each IRA account to which you make contributions). There are two Form 5498 mailings; the first form mailing, due January 31st in the following year, covers all current year contributions from January 1 to December 31 of the previous year, and the second form mailing, due May 31st in the following year, covers all prior year contributions made from January 1 to April 15 (or tax filing deadline). In addition, Form 5498 also reports the Fair Market Value (FMV) of your IRA contract(s) as of December 31 of that tax year’s end.

The tax information contained herein is not intended to be used, and cannot be used, by any taxpayer for the purpose of avoiding tax penalties that may be imposed on the taxpayer. It was written to support the promotion of the products and services addressed herein. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.

TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products.

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