This material is for informational or educational purposes only and does not constitute fiduciary investment advice under ERISA, a securities recommendation under all securities laws, or an insurance product recommendation under state insurance laws or regulations. 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 based on the investor’s own objectives and circumstances
1 2015-2019. The World's Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient® (EQ) framework which offers a quantitative way to assess a company’s performance in an objective, consistent and standardized way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics. Scores are generated in five key categories: ethics and compliance program (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%) and provided to all companies who participate in the process.
2 Certain products and services are only available for eligible individuals.
3 Annuity account options are available through contracts issued by TIAA or CREF. These contracts are designed for retirement or other long-term goals, and offer a variety of income options, including lifetime income. Payments from the variable annuity accounts are not guaranteed and will rise or fall based on investment performance.
4 Withdrawals of earnings prior to age 59, 1/2 are subject to ordinary income tax and a 10% penalty may apply. Earnings can be distributed tax free if distribution is no earlier than five years after contributions were first made and you meet at least one of the following conditions: age 59 1/2 or older or permanently disabled. Beneficiaries may receive a distribution in the event of your death.
5 Income limitations may apply and withdrawals are taxed upon distribution.
6 Before rolling over or consolidating 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 at TIAA.org/reviewyouroptions.
7Withdrawals of your original contributions are free of federal taxes and penalties at any age. Withdrawals of your earnings are income tax and penalty free, if you have had the IRA for five years and you are 59 ½ or over, using the funds for a qualified first- time home purchase, or become disabled and die.
*If you turned 70½ by December 31, 2019, the old rules will still apply. That means you will still need to take RMDs for this year and each year moving forward. If you did NOT turn 70½ by December 31, 2019, you do not have to start taking RMDs until the year you turn 72. If you were required to take an RMD in 2019, you are required to take one in 2020 as well, even if you will be turning 71.