Take money out
Take money out of your account(s) through loans, withdrawals, payouts, retirement income and distributions.
The most common things people do
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Authorize direct deposit
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For payments you’ve already set up, authorize TIAA to make direct deposits into your bank account.
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Set up an electronic funds transfer (EFT)
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Select how and where you want your withdrawals sent.
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Set up a direct transfer to another investment company
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Transfer funds directly from your account to another financial institution, either immediately or at a future date.
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Set up a contract-to-contract transfer
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Transfer money from one of your TIAA contracts into another of your TIAA contracts.
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Set up an electronic funds transfer (EFT)
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Select how and where you want your withdrawals sent.
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Set up systematic direct transfers from your TIAA Traditional account(s) to another investment company
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Make a direct transfer of TIAA Traditional account funds to another investment company permitted to receive transfers from your employer’s retirement plan.
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Set up a direct transfer to another investment company
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Transfer funds directly from your account to another financial institution, either immediately or at a future date.
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Set up a direct transfer to another investment company - Employer authorization required
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Transfer funds directly from your account to another financial institution, either immediately or at a future date. Employer authorization required.
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Set up a contract-to-contract transfer
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Transfer money from one of your TIAA contracts into another of your TIAA contracts.
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Set up a rollover from your retirement investments - ERISA and Non-ERISA
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Rollover funds from your retirement contracts to another IRA at TIAA or to an IRA at another investment company.
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Set up a rollover from your Investment Solutions IRA contracts
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Rollover funds from your Investment Solutions IRA contracts to another IRA at TIAA or to an IRA at another investment company.
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Set up a transfer from your After-tax Retirement Annuity (ATRA) to a different account
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Transfer from your TIAA Traditional account ATRA funds to another account within TIAA or to another company.
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Authorize direct deposit
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For payments you’ve already set up, authorize TIAA to make direct deposits into your bank account.
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Certify your date of birth
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Verify your date of birth and your annuity partner’s date of birth, if applicable, to determine eligibility for certain options as well as to calculate the lifetime income payable to you.
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Request a hardship withdrawal
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Determine your available options for requesting a hardship withdrawal from your retirement plan.
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Make limited periodic withdrawals from retirement annuities and mutual funds
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This option is available to all terminated employees between the ages of 55 and 69 1⁄2. The amount you may withdraw is subject to the terms of your employer’s plan.
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Convert your pension in-plan Roth
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Please be aware of tax implications on certain types of IRA payments. Speak with your tax advisor for more information.
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Make a cash withdrawal from your retirement investments - ERISA and Non-ERISA
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Please be aware of tax implications on certain types of IRA payments. Speak with your tax advisor for more information.
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Withdraw from your TIAA Mutual Fund Traditional or Roth IRA
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Refer to the disclosure statement for details on whether a tax or penalty applies. Consult your tax advisor before making a decision.
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Authorize an Unforeseeable Emergency Withdrawal - Private
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Use this authorization when you need to take an emergency withdrawal from a private 457(b) deferred contribution plan.
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Authorize an Unforeseeable Emergency Withdrawal - Public
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Use this authorization when you need to take an emergency withdrawal from a public 457(b) deferred contribution plan.
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Withdraw from your inherited TIAA Mutual Fund Traditional or Roth IRA
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Refer to the disclosure statement for details on whether a tax or penalty applies. Consult your tax advisor before making a decision.
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Request a payment from your Keogh plan
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Take a cash withdrawal from your Keogh account.
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Certify your disability for private employers
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If you claim residence AND citizenship outside the U.S., also complete a W-8BEN to certify your foreign tax status.
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Certify your disability for public employers
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If you claim residence AND citizenship outside the U.S., also complete a W-8BEN to certify your foreign tax status.
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Reinvest your dividends into your Retirement Choice TPA
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Transfer some or all of your TIAA Traditional account balances over 84 months to one or more of your variable accounts and/or mutual funds in your TIAA and CREF contracts.
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Redirect your TPA to variable accounts and/or mutual funds
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Change where your TPA transfers are sent. Complete this request to transfer your TIAA Traditional Annuity account balance to one or more of your variable accounts and/or mutual funds.
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Global Pay Authorization
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Complete this transaction to establish or change Annuity and Cash payments to a foreign currency.
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Change the destination of your TPA within TIAA
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Receive cash withdrawals from your TPA.
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Change the destination of your TPA payments to another investment company
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Redirect your TPA payments to another investment company.
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Change destination of interest-only payments
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To determine your current accumulation, find out the status of your request, or if you have questions, call 800-842-2252.
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Change the destination of cash payments – ERISA
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You can make this request if you currently have a TIAA Traditional Annuity and you want to change where the transfers are sent. You can transfer as a rollover or cash withdrawal.
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Change the destination of cash payments – Non-ERISA
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You can make this request if you currently have a TIAA Traditional Annuity and you want to change where the transfers are sent. You can transfer as a rollover or cash withdrawal.
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Redirect your TIAA Traditional annuity payment
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Make this request if you currently have a TPA and want to change your TPA destination to an alternate investment company.
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Reinvest your TIAA Traditional annuity payment to another investment company
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Make this request if you have a TIAA Traditional Annuity and you want to have funds sent to another investment company.
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Reinvest your TIAA Traditional annuity to variable accounts and/or mutual funds
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Transfer your TIAA Traditional Annuity account balance to one or more of your variable accounts and/or mutual funds in your TIAA and CREF contracts.
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Request distribution from your 457(b) government plan
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Please be aware of tax implications on certain types of 457(b) distributions. Speak with your tax advisor for more information.Request Distribution
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Charitable Distribution from your IRA
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Make a charitable distribution to a non-profit organization from your IRA account.
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Get employer authorization to begin retirement plan income
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Your employer must certify that you've either retired, have a disability or a hardship, or your employment has been terminated.
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Authorize interest-only payments - ERISA
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To establish an Interest-Only Option contract, participants must be between the ages of 55 and 69 ½.
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Start annuity income - Direct pay
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This is a TIAA Direct Payment group annuity request to start annuity income.
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Start annuity income - Non-participating
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This request is for a non-participating group annuity. It's a request to start annuity income.
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Get authorization to begin life expectancy option payments
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Request that payments start on your life expectancy contract.
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Request a single payment from your ATRA
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You may also use this request to get a payment of your entire TIAA Traditional accumulation provided it is $2,000 or less.
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Authorize an ATRA 1035 exchange
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Authorize a 1035 Exchange from the TIAA Real Estate or TIAA Traditional account to the CREF accounts or from the CREF accounts to the TIAA Traditional or TIAA Real Estate accounts.
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Authorize interest-only payments- Non-ERISA
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You will be subject to the 20% federal income tax withholding unless payments are directly rolled over to an IRA or to another plan.
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Activate your TIAA Retirement Healthcare Program claims
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Once your request has been processed, you'll receive a Welcome Kit about claim reimbursement alternatives and also your Healthcare Payment Card.
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Request a payment to an insurance provider under the HELPS Act
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Healthcare Enhancement for Local Public Safety Officers (HELPS) provides a tax-free distribution up to $3,000 from retirement plans for retirees to pay health insurance or long-term care insurance.
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Verify your marital status
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Before TIAA can pay any death benefits we must determine if any benefits are payable to a participant’s surviving spouse. This form needs to be completed by all beneficiaries.
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Request immediate annuity income for survivor benefits
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Request funds for an immediate rollover or distribution for a survivor benefit.
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Request a single sum survivor benefit payment (Non-spouse)
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This is a non-spouse group annuity single-sum survivor benefit.
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Request a single sum survivor benefit payment (Estate)
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This is a group annuity single-sum survivor benefit for an estate or organization.
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Request annuity income for survivor benefits
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Request funds for a rollover or distribution for a survivor benefit over a set period of time.
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Request a single-sum survivor benefit payment
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Request a single-sum payment from a specified retirement plan.
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Waive survivor annuity benefits
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To comply with federal law or the plan provisions, you and your plan representative must provide written verification that your spouse cannot be located.