Transactions

Take money out

Take money out of your account(s) through loans, withdrawals, payouts, retirement income and distributions.

Common transactions

The most common things people do

Transfer & rollover
  • Set up a rollover from your Investment Solutions

    Rollover funds from your Investment Solutions IRA contracts to another IRA at TIAA or to an IRA at another investment company.

         Set up rollover Set up rollover
  • Set up a rollover from your retirement investments - Non-ERISA

    Rollover funds from your retirement contracts to another IRA at TIAA or to an IRA at another investment company.

         Set up rollover Set up rollover
  • Set up an electronic funds transfer (EFT)

    Select how and where you want your withdrawals sent.

         Set up EFT Set up EFT Opens in new window
  • Set up systematic direct transfers from your TIAA Traditional account(s) to another investment company

    Make a direct transfer of TIAA Traditional account funds to another investment company permitted to receive transfers from your employer's retirement plan.

         Set up transfer Set up transfer Opens in new window
  • Set up a direct transfer to another investment company

    Transfer funds directly from your account to another financial institution, either immediately or at a future date.

         Set up transfer Set up transfer
  • Set up a direct transfer to another investment company - Employer authorization required

    Transfer funds directly from your account to another financial institution, either immediately or at a future date. Employer authorization required.

         Set up transfer Set up transfer
  • Set up a contract-to-contract transfer

    Transfer money from one of your TIAA contracts into another of your TIAA contracts.

         Set up transfer Set up transfer
  • Set up a transfer from TIAA Traditional balances for After-tax Retirement Annuity (ATRA) to a different account

    Transfer from your TIAA Traditional account ATRA funds to another account within TIAA or to another company.

         Receive income Receive income
  • Set up a brokerage wire transfer of federal funds

    Request a Domestic (US) currency Federal Funds wire transfer from your taxable non-retirement Brokerage account.

         Set up transfer Set up transfer
Loans & withdrawals
  • Authorize direct deposit

    For payments, you've already set up, authorize TIAA to make direct deposits into your bank account.

         Authorize Authorize
  • Certify your date of birth

    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.

         Certify Certify Opens in new window
  • Request a hardship withdrawal

    Determine your available options for requesting a hardship withdrawal from your retirement plan.

         Request Request
  • Make limited periodic withdrawals from retirement annuities and mutual funds

    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.

         Make withdrawals Make withdrawals
  • Apply for IRA Resource Checking

    Request checking that enables you to write checks against the cash and money market balance(s) in your IRA.

         Apply Apply
  • Convert your pension in-plan Roth

    Please be aware of tax implications on certain types of IRA payments. Speak with your tax advisor for more information.

         Convert Convert Opens in new window
  • Make a cash withdrawal from your retirement investments - Non-ERISA

    Please be aware of tax implications on certain types of IRA payments. Speak with your tax advisor for more information.

         Withdraw Withdraw
  • Withdraw from your TIAA Mutual Fund Traditional or Roth IRA

    Refer to the disclosure statement for details on whether a tax or penalty applies. Consult your tax advisor before making a decision.

         Withdraw Withdraw Opens pdf
  • Authorize an Unforeseeable Emergency Withdrawal - Private

    Use this authorization when you need to take an emergency withdrawal from a private 457(b) deferred contribution plan.

         Authorize Authorize
  • Request a payment from your Keogh plan

    Take a cash withdrawal from your Keogh account.

     

         Request payment Request payment Opens pdf
  • Certify your disability for private employers

    If you claim residence AND citizenship outside the U.S., also complete a W-8BEN to certify your foreign tax status.

         Certify Certify Opens in new window
  • Certify your disability for public employers

    If you claim residence AND citizenship outside the U.S., also complete a W-8BEN to certify your foreign tax status.

         Certify Certify Opens in new window
Distributions
  • Reinvest your dividends into your Retirement Choice TPA

    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.

         Reinvest Reinvest Opens in new window
  • Redirect your TPA to variable accounts and/or mutual funds

    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.

         Redirect payouts Redirect payouts
  • Change the destination of your TPA within TIAA

    Receive cash withdrawals from your TPA.

         Receive withdrawals Receive withdrawals
  • ATRA TPA Change of Destination (CASH)

    Complete this transaction to change the destination of your existing Transfer Payout Annuity (TPA) from the variable accounts in your After-Tax Retirement Annuity to cash.

         Change destination Change destination
  • Global Pay Authorization

    Complete this transaction to establish or change Annuity and Cash payments to a foreign currency.

         Receive income Receive income
  • Change the destination of your TPA payments to another investment company

    Redirect your TPA payments to another investment company.

         Redirect Redirect
  • Change destination of interest-only payments

    To determine your current accumulation, find out the status of your request, or if you have questions, call 800-842-2252.

         Change destination Change destination Opens in new window
  • Change the destination of cash payments – ERISA

    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.

         Change destination Change destination Opens in new window
  • Change the destination of cash payments – Non-ERISA

    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.

         Change destination Change destination Opens in new window
  • Redirect your TIAA Traditional annuity payment

    Make this request if you currently have a TPA and want to change your TPA destination to an alternate investment company.

         Change destination Change destination Opens in new window
  • Reinvest your TIAA Traditional annuity payment to another investment company

    Make this request if you have a TIAA Traditional Annuity and you want to have funds sent to another investment company.

         Redirect Redirect
  • Reinvest your TIAA Traditional annuity to variable accounts and/or mutual funds

    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.

         Reinvest Reinvest Opens in new window
  • Request distribution from your 457(b) government plan

    Please be aware of tax implications on certain types of 457(b) distributions. Speak with your tax advisor for more information.

         Request distribution Request distribution Opens in new window
  • Charitable Distribution from your IRA

    Make a charitable distribution to a non-profit organization from your IRA account.

         Set up Set up
Income & payments
  • Get employer authorization to begin retirement plan income

    Your employer must certify that you've either retired, have a disability or a hardship, or you're employment has been terminated.

         Get authorization Get authorization Opens in new window
  • Authorize interest-only payments- ERISA

    To establish an Interest-Only Option contract, participants must be between the ages of 55 and 69 ½.

         Authorize Authorize
  • Start annuity income - Direct pay

    This is a TIAA Direct Payment group annuity request to start annuity income.

         Start income Start income Opens pdf
  • Start annuity income - Non-participating

    This request is for a non-participating group annuity. It's a request to start annuity income.

         Start income Start income Opens pdf
  • Get authorization to begin life expectancy option payments

    Request that payments start on your life expectancy contract.

         Get authorization Get authorization Opens in new window
  • Request a single payment from your ATRA

    You may also use this request to get a payment of your entire TIAA Traditional accumulation provided it is $2,000 or less.

         Request payment Request payment
  • Authorize an ATRA 1035 exchange

    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.

         Authorize Authorize
  • Authorize interest-only payments- Non-ERISA

    You will be subject to the 20% federal income tax withholding unless payments are directly rolled over to an IRA or to another plan.

         Receive income Receive income
Healthcare & insurance
  • Activate your TIAA Retirement Healthcare Program claims

    Once your request has been processed, you'll receive a Welcome Kit about claim reimbursement alternatives and also your Healthcare Payment Card.

         Activate Activate Opens pdf
  • Request a payment to an insurance provider under the HELPS Act

    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.

         Receive income Receive income Opens in new window
Survivor benefits
Essentials by TIAA

Learn. Plan. Thrive. Guidance for your next step toward retirement.

Guidance that's tailored to you

Retirement Journey Planner can help you save, invest and protect your income in retirement.

One-on-one advice

If you have a TIAA retirement account, advice is included at no charge.

5910276