Get the basics

Your IRA contribution could reduce your 2016 taxes

If you’re eligible1, you could deduct up to $5,500 from your taxable income or up to $6,500 if you were 50 or older in 2016. Don’t forget – the 2016 tax filing deadline is April 18th, 2017.
If you have decided an IRA is right for you, you can open one online.
 
 
1 Learn more about eligibility requirements.
 
Get the basics

What is an IRA?

We know financial products can be confusing. Let us break it down for you.

Think of an IRA like a box you can use to save for retirement. Investments like annuities, mutual funds, bonds and stocks are what you collect in your box over the years.

1
Step One First you can pick the type of IRA you want to use as your box — Roth or Traditional.

Compare IRAs
 
2
Step Two Choose investments to put in your IRA. You can always change the investments in your box.

See your choices
 
3
Step Three Decide how much money you want to put in your box for now. You can contribute up to $5,500 into your IRA and $6,500 if you’re over 50 (for tax year 2016). Roth IRA contributions may be limited by your income.
TIAA Options

Find an IRA that’s right for you

IRAs

Traditional IRA

Save on taxes today

Contributions are often tax deductible.
IRAS

Roth IRA

 

Save on taxes later

Withdrawals can be tax free in retirement.
Retirement Plans

SEP IRA

Small business IRAs

Save for retirement for yourself and/or your employees.

Learn how to keep it simple with an IRA rollover

You may choose to consider moving your money from old jobs to one place and potentially simplify your life.
Help me choose

Traditional or Roth?
Find out which IRA might be right for you.

Answer a few simple questions to find out which IRA makes sense for you.
First: How old will you be at the end of this year?
Your age helps decide if (and how much) you can contribute to an IRA.
Next: HOW DO YOU FILE YOUR TAXES?
Why TIAA

What are the facts about TIAA IRAs?

Advice and guidance at no additional cost to help you figure everything out2

A virtually unlimited array of investments

Flexible retirement income options

2 Get details on eligibility requirements
 
Take Action

Ready to get started?

You can open an IRA online

Already have an IRA from TIAA?

You can contribute up to $5500 into your IRA and $6500 if you’re over 50 (for tax year 2016). Roth IRA contributions may be limited by your income.

Give us a call to learn more

We’re here to help.
(844-842-2472)
Weekdays, 8 a.m. – 7 p.m. (ET)

Schedule a call

Tell us when to call you.

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Stories
"TIAA is instrumental in helping me make the right decisions for my portfolio."

Kristin Austin
University administrator
Participant since 20143
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Before rolling over assets, consider your other options. You may be able to leave money in your current plan, withdraw cash or roll over 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 consultant and your tax advisor regarding your situation. Learn more .
 
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The rating and review provided by a customer may not be representative of the experiences of all customers and are not necessarily indicative of future experiences. Each investor’s experience may differ. TIAA cannot guarantee the accuracy of the ratings and reviews.

Certain securities may not be suitable for all investors. Brokerage Services are provided by TIAA-CREF Brokerage Services, a division of TIAA-CREF Individual & Institutional Services, LLC.

This material is for informational or educational purposes only and does not constitute a recommendation or investment advice in connection with a distribution, transfer or rollover, a purchase or sale of securities or other investment property, or the management of securities or other investments, including the development of an investment strategy or retention of an investment manager or advisor. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made in consultation with an investor’s personal advisor based on the investor’s own objectives and circumstances.

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