Transfers within the TIAA-CREF retirement system can be made anytime before your clients begin taking income.
Transfers among the CREF accounts and the TIAA Real Estate account, or to the TIAA Traditional Annuity, are free.
Up to four transfers per account per quarter are available for the CREF accounts. The TIAA Real Estate Account limits transfers to one per quarter. See below regarding transfers out of TIAA Traditional.
Transfers must be for at least $1,000 from any variable account, or the available balance if less than $1,000.
Transfer values will be calculated on the value of an accumulation unit in any variable account(s) as of the close of the New York Stock Exchange (NYSE), usually 4:00 p.m. ET, on the date we receive the instructions. Instructions we receive after the NYSE closes are effective at the close of the NYSE on the next business day.
Individuals can request that a variable account internal transfer be effective on a future date. This might be an option if individuals are going to begin receiving retirement benefits and want to move a portion of their funds into the TIAA Traditional Annuity, or among the TIAA-CREF variable accounts. The future date specified must be a business day.
Individuals can also schedule "systematic transfers" to move funds among the accounts gradually over time.
Your clients (or you on their behalf) can make transfers within the TIAA-CREF system via our Web Center Secure Access or Automated Telephone Service (800 842-2252), by calling our Telephone Center (800 842-2776), or by writing to TIAA-CREF at 730 Third Avenue, New York, NY 10017.
1 In addition to the guarantee of principal and a specified interest rate (based on TIAA's claims paying ability), TIAA Traditional also offers the potential for greater growth through additional amounts, which may be declared on a year-by-year basis by the TIAA Board of Trustees. These additional amounts are not guaranteed but, when declared, remain in effect for the “declaration year” which begins each March 1.