Expanding your business in these difficult times is a challenge. But the nonprofit segment of the market offers key growth opportunities for financial advisors. As a $426 billion full-service financial services organization,* TIAA is leveraging our strength as one of the largest providers of retirement plans and services to colleges and universities by expanding our presence in the K-12, hospital and government segments of the market. TIAA can give you the support you need to serve your clients in
Under the expanded eligibility criteria, we now provide our retirement planning solutions and optional employee benefit programs to all nonprofit institutions and governmental agencies and their employees.
U.S. governmental entities include the federal government of the United States, state governments, the District of Columbia and local governments (i.e., cities or other municipalities) in the 50 states, as well as federal, state, city or municipal agencies. Examples of eligible governmental employers include:
TIAA’s low-cost, high-quality investment offerings and retirement savings solutions are available to participants in institutional retirement accounts and to those who have retirement savings in IRAs and Keoghs.
Please note, however, that an individual does not have to be a current participant in a TIAA retirement plan to take advantage of our investment services or retirement savings solutions. Under our expanded eligibility criteria, more individuals can gain access to our full investment lineup, including our unique offerings, TIAA Traditional and the TIAA Real Estate Account. To help you determine whether your clients are eligible and to support you in your efforts to grow your business, we are providing you with the important details on eligibility.
Individuals may open an IRA or Keogh if at least one of the following criteria is met:
Participant or their spouse/domestic partner is:
If you would like more information about who is eligible for TIAA’s investment and retirement savings solutions, please call the TIAA-CREF Advisor Services team at 888 842-0318, select option 1, Monday through Friday between the hours of 8:00 a.m. and 7:00 p.m. ET (Eastern Time).
* TIAA had $453 billion in assets under management as of December 31, 2010.
FOR INSTITUTIONAL INVESTOR USE ONLY. NOT FOR USE WITH OR DISTRIBUTION TO THE GENERAL PUBLIC.
TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and SIPC, distribute securities products.