Fill out the forms from the investment company from which you are rolling over funds and complete the TIAA-CREF Transfer or Rollover Authorization form. Then submit everything to TIAA-CREF — we will contact your investment company to complete the transfer.
What is EFT / AIP?An EFT (electronic funds transfer) is used to move funds from one financial institution to another. For example, you can directly deposit funds into your TIAA-CREF contract from your bank account and vice versa. EFT uses the Automated Clearing House (ACH) system, not the Federal Wire system, so it can take 24-48 hours to reach the bank. AIP is the Automatic Investment Plan, where you systematically transfer money to a particular fund (investment) from your bank account.
When can I not use EFT?You cannot use EFT to make contributions to an employer-sponsored retirement plan. Please keep in mind that the minimum EFT to an IRA on an automatic basis is $100 per transfer.
Why do I need to fill out the spousal waiver section?The Employee Retirement Income Security Act (ERISA) requires spousal consent for certain transactions. If your employer is subject to ERISA rules or has elected to adopt the provisions, your spouse must approve and sign off on certain transactions, such as withdrawals.
Your spouse must sign the waiver in front of a Notary or the designated Plan Representative if the institution requires a spousal waiver. Additionally, your spouse's signature cannot be dated before your signature.
