There are a few steps you’ll need to take when moving money from one account to another. Let us show you the steps you’ll take as you begin your rollover.
First, choose the right solution*
Different retirement needs can require different approaches to saving. That’s why TIAA-CREF offers a variety of IRA solutions to help you make the most of your retirement planning. Not sure which is right for you?
Find the rollover solution that meets your needs, or talk to an IRA specialist at 800 842-2888
Second, open your account
Once you’ve determined which IRA solution is right for you, open your account.
Call 800 842-2888 and talk to an IRA specialist
Begin your rollover with the solution you've chosen
Third, initiate your asset transfer
We will provide you with forms to sign and return to us, and will contact your prior employer or IRA carrier. If they require any additional paperwork, we will let you know right away and will work on your behalf to ensure that funds are transferred smoothly.
Alternatively, if you are moving a 401(k), 403(b) or similar account from your prior employer you can contact your former employer directly to request a distribution. They may require that you sign a form of theirs. If they require additional information from TIAA-CREF, just contact us and we will help complete the process.
If you already have a TIAA-CREF IRA, you may be ready to do your transfer now. Talk to an IRA specialist at 800 842-2888 or send us a message and we’ll get you get started.
Finally, confirm that your rollover is complete
If you are rolling over from your prior employer’s retirement plan, ask your previous employer how long processing will take.
Check your account periodically on tiaa-cref.org to verify that funds were transferred.
Use our asset allocation guidance tool to get examples of how you may want to allocate your retirement savings across asset classes. Or contact us for personalized advice at no extra charge.
* Prior to rolling over, consider your other options. You may also be able to leave money in your current plan, withdraw cash or rollover the assets to your new employer’s plan if one is available and rollovers are permitted. Compare the differences in investment options, services, fees and expenses, withdrawal options, required minimum distributions, other plan features, and tax treatment. Speak with a TIAA-CREF Consultant and your tax advisor regarding your situation. Review your options.
Rollovers and transfers may be subject to differences in features, costs, and surrender charges. Indirect transfers may be subject to taxation and penalties. Consult your tax advisor regarding your situation.
Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.
TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association (TIAA) and College Retirement Equities Fund (CREF), New York, NY.
Is rolling over a 401(k) or 403(b) from my prior employer a different process from transferring an old IRA to TIAA-CREF? Not really. The steps we’ve outlined are the same, but the paperwork that your prior employer or financial institution requires may differ. Either way, we’ll contact them on your behalf and be in touch with you to make the transition a smooth one.