Rollover

Make life easier by rolling your retirement 401(k), 403(b) and IRA accounts into a single IRA. Having a simplified view makes it easier to track and meet your retirement goals. The TIAA IRA has no fees and comes with a variety of investment options—plus advice and support at no cost.

 

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To roll over from your old workplace plan to a new workplace plan, start hereStart here Opens in a new window. See below for important information about rollover options.

When you roll over money to a TIAA IRA, you can earn a rate of 2.00% in TIAA Traditional* through February 28, 2023. 1,2

No account fee

Eliminate overlapping costs and pay no annual account fee with TIAA.3

No minimum

Transfer any amount and benefit from no-fee and low-fee investment options.

Professional advice

Invest on your own and get advice at no additonal cost. Or, let us do the investing for you.

Lifetime income

Get TIAA's exclusive IRA option of guaranteed income for life.4

*TIAA Traditional is a fixed annuity issued by Teachers Insurance and Annuity Association of America (TIAA), New York, NY.

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Explore the TIAA IRA rollover process

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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]

How to roll over your ira

Open your rollover IRA in 3 easy steps. We're here to help you along the way, too.

Step 1

Roll over to an IRA

Start your online IRA application and choose between a Roth or Traditional IRA.

Step 2

Fund your IRA

Start your IRA with money from your previous retirement accounts, either by direct transfer or check.

Step 3

Choose your investments

Review investment choices and choose the ones that are right for you. If you need help choosing, call us at 844-842-2472.

Rollover to an IRA Rollover to an IRA

Already have an IRA from TIAA?

Roll over into an existing TIAA IRAOpens in a new window

Have a 401(k) or 403(b) from your employer?

Move plans into a new TIAA IRAOpens in a new window

Rollover options

Know your rollover options5

What you do with the money in your old retirement plan can significantly impact tomorrow's income.

ROLLOVER OPTIONS POTENTIAL ADVANTAGES POTENTIAL DISADVANTAGES
Leave your money in your former employer’s plan
  • You can keep your money growing tax deferred.
  • You may be able to get loans or hardship withdrawals.
  • There may be a limited number of investment options.
  • Managing your assets across multiple plans or accounts could be difficult.
Move your money into your new employer’s plan
  • Your new plan may allow for a loan or hardship withdrawal.
  • There are no income taxes or penalties.
  • Your new employer’s plan may not accept rollovers.
  • Your withdrawal options may be limited.
Roll over your money into an IRA
  • The type of IRA you choose may mean there are no income taxes or penalties.
  • There may be a broader range of investment options.
  • Consolidating money into one IRA can give you a clear picture of retirement assets.6
  • You cannot take a loan from an IRA.
  • Some IRA investments may include trading expenses, such as commissions and fees.
  • There are no penalty-free withdrawals prior to age 59½, though there are some exceptions.
Withdraw your money in cash
  • You get immediate access to your cash.
  • If you withdraw after age 55, it may be penalty free. If you leave your job in the year you turn 55, the 10% penalty does not apply if you have not already rolled it into another plan or IRA.
  • A 20% federal income tax withholding will apply; state tax withholding may also apply.
  • There’s a potential 10% early withdrawal penalty if you are under age 59½.
  • You could potentially lose tax-deferred, long-term growth.

View more rollover option detailsOpens pdf

 

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Expertise & help

Speak with an IRA consultant today

We’re always here to help.
Give us a call to speak with an IRA consultant
Weekdays, 8 a.m. − 7 p.m. (ET)
844-842-2472

1 New money allocated to TIAA Traditional within the TIAA IRA and Investment Solutions (IS) IRA accounts starting in May 2022 will receive a credited rate of 2.00% through February 28, 2023. New money is defined as any contribution made to TIAA Traditional within an existing or new TIAA IRA or IS IRA. This includes dollars reallocated from another investment into TIAA Traditional as well as transfers, rollovers and contributions.

2 Certain products and services, such as TIAA Traditional, are only available to eligible individuals.

3 There is no account fee to own a TIAA IRA; however, brokerage transaction fees may apply. In addition, investors are subject to the underlying funds' portfolio management fees and expenses.

4 Any guarantees under annuities issued by TIAA are subject to TIAA's claims-paying ability.

5 Prior to rolling over, consider your other options. You may also 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 moreLearn more about know your options Opens pdf .

6 Before consolidating assets, be sure to carefully consider the benefits of both the existing and new product. There will likely be differences in features, costs, surrender charges, services, company strength and other important aspects. There may also be tax consequences or other penalties associated with the transfer of assets. Indirect transfers may be subject to taxation and penalties. Speak with a TIAA consultant and your tax advisor regarding your situation.

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.

Annuity contracts may contain terms for keeping them in force. We can provide you with costs and complete details.

TIAA Traditional is a fixed annuity product issued through these contracts by Teachers Insurance and Annuity Association of America (TIAA), 730 Third Avenue, New York, NY, 10017: Form series including but not limited to: 1000.24; G-1000.4; IGRS-01-84-ACC; IGRSP-01-84-ACC; 6008.8. Not all contracts are available in all states or currently issued. 

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