TIAA IRA Rollover Process

TIAA IRA Rollover Video [music playing] (Off-camera host) Your decision to roll over to a TIAA IRA comes with many benefits, including no account fees, no minimums and access to advice at no additional cost. You'll have a wide range of investing choices too—with as little or as much help as you need—and you may have access to guaranteed options that can provide income for life. Best of all, you can do it all online. In just three steps, you'll be able to take advantage of all your IRA has to offer. You'll start by setting up your IRA so that you can roll over assets into it. If you already own a TIAA IRA, you'll see a different screen that allows you to choose an existing IRA for the rollover or set up a new one. The next questions you'll see need to be answered because TIAA IRAs offer annuities that can provide guaranteed income for life, but you are not required to invest in an annuity in your IRA. We simply need to know the state where you're currently located and whether or not you're replacing an outside annuity or life insurance policy with a new one in your IRA. Next, you'll name your beneficiary for the account. If you're not ready to decide, you can choose your estate as your beneficiary or one or more people or entities. When you're done, review your information and make any changes, if necessary. Then it's time to sign your account documents. You can do this online. Once your IRA is set up, it's time to fund. You can roll over money from a retirement account at TIAA or another financial institution, or transfer money from a bank account by check or electronic funds transfer. If you're rolling over from a retirement account at TIAA or another financial institution, you can do a direct rollover, which transfers the money online by importing your account login information or entering the account information manually. When all your information is entered, you'll be able to review it before signing the funding documents. Depending on where your accounts are rolling over from, you may need to print, sign and send documents. Now that your IRA is set up and funded, you can choose your investments. We recommend you do this now while you're logged in. You can always make changes in the future. Choosing your investments can be as easy or advanced as you'd like. If you want help, select the "TIAA Investments" option, which offers prebuilt portfolios to suit your needs in addition to a build-your-own option that includes a full range of investment choices. If you prefer, you can choose the "Self-Directed Brokerage Investments" option and build your portfolio on your own from a wide range of stocks, mutual funds, exchange traded funds (ETFs) and more. Once you've selected your investments, you're done. You'll receive a confirmation when your account is funded, and you can manage the IRA from your secure, online account page. If you have any questions, we're always here to help. Just call us at 844-842-2472. Or schedule a call with us through our online tool. And thank you for choosing TIAA. [music ends]