schedule an appointment with a TIAA investment professional or attend a seminar. Wickramasinghe Ariyasinghe, Associate Professor of Physics (1988-2021).B.S., U. of Sri Lanka; M.S, Bowling Green State U.; Ph.D., Baylor U. David M. Arnold, Ph.D., Professor and the Ralph Jean Storm Professor of Mathematics. Talk with a financial professional to get help with your financial goals. (2010-2020)B.F.A., U. of Nebraska; M.F.A., Wichita State U. F. Michael Ard, D.M.A., Professor of Keyboard Studies. Many participants enjoy the diversity of investing in mutual funds in their retirement plans. Your own Plan account may earn more or less than this example. ; Ph.D., U. of Minnesota. Over the course of your career, that's how much it may take to potentially generate the income you need for retirement. ; M.F.A., Cranbrook Academy of Art. (1986-2020)B.S.E., Ouachita Baptist U.; M.S., Southern Methodist U.; Ph.D., Memphis State U. Kenneth T. Wilkins, Professor of Biology (1983-2022)B.A., U. Texas at Arlington; M.A., Texas A&M U.; Ph.D., U. of Florida. Walter C. Holmes, Ph.D., Professor of Biology. (1965-1992)B.A., Baylor U.; M.A.,ibid. Powered by. Sandra J. Genrich, Ph.D., Professor of Nursing. When you enroll online, you create an individual account where you can view your balances, change your investment mix, make transfers and other transactions. For financial guidance, call 800-842-2252 to speak to a TIAA financial consultant. Department of Biology B.207 Baylor Science Building One Bear Place #97388 Waco, TX 76798-7388 (254) 710-2911 BU_Biology@baylor.edu Apply Visit Make a Gift Music, Juilliard School of Music; D.M.A., U. of Illinois. The TIAA group of companies does not provide legal or tax advice. Many financial planners estimate that youll need 80-90% of your pre-retirement income to maintain your lifestyle in retirement. Withdrawals of earnings are subject to ordinary income tax plus a possible federal 10% penalty if made before age 59. (1986-1987, 1988-2020)B.A., Northern Illinois U.; M.A., U. of Iowa; M.F.A., ibid. This will be identified as "TIAA Plan Servicing Credit" on your statements. Krassimira Jordan, Professor of Piano (1989-2021)Diploma, Sofia Conservatory of Music; M.M.A., Vienna Academy of Music and Dramatic Arts. View your investment options withTIAA here. The TIAA group of companies does not provide legal or tax advice. The full name of Emeriti Retirement Health Solutions is The Emeriti Consortium for Retirement Health Solutions, an Illinois Nonprofit Corporation. Carolyn A. Backus, D.M.A., Professor of Vocal Studies. These payments generally are available to individuals who have attained age 55 but have not yet reached RMD Applicable Age and must begin at least one year prior to reaching RMD Applicable age. (1989-2014)B.A., Duke U.; M.S., U. of Cincinnati; Ph.D., Texas A&M U. Eric C. Rust, Professor of History (1984-2022)B.A. (2003-2018)B.A., U. of Dallas; M.A.,ibid. If you're married, you may be required to get spousal consent to receive any distribution option other than a qualified joint and survivor annuity. Aim to contribute this much (which can include contributions from your employer, if available) throughout your entire working career. Call today to schedule an appointment or fill out an online request form. (2010-2020)B.S., Louisiana State U.; M.S., Purdue U.; Ph.D., U. of North Carolina, Greensboro. (1957-1988)B.A., Mississippi College; M.A., Vanderbilt U.; Ph.D.,ibid. (1990-2014)B.A., U. of South Carolina; M.A.,ibid. Dennis Johnston, Professor of Statistical Science (2003-2021)B.S., U. of Texas, Arlington; M.S., U. of Texas; Ph.D., Texas Tech U. Jerry Johnson, Professor of Marketing (1974-2021) B.B.A., Baylor U.; M.B.A., ibid. The mutual funds chosen for your retirement savings plan provide the opportunity to focus on specific market segments - all of which offer varying degrees of risk and reward opportunities. William Hair, Associate Professor and Associate Dean and Director, Central University Libraries (1994-2021)B.S., U. of Tennessee; M.Div., Mid-America Baptist Theological Seminary; M.L.S., Vanderbilt U. D. Thomas Hanks, Jr., Ph.D., Professor of English and Master Teacher. ; Ph.D., ibid. Pre-Medicine. (1989-2018)B.A., Baylor U.; M.Ed., U. of Texas; Ph.D., ibid. If your plan permits, you can withdraw some of the money you've put in over the years (but not earnings) due to financial hardship, such as medical or funeral expenses, while still employed. Clement T. Goode, Ph.D., Professor of English. 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. ; D.B.A., U. of Colorado; Ph.D.,ibid. The providers above are independent entities and are not legally affiliated. Both options receive favorable tax treatment under the plan. Mutual funds offer systematic withdrawals. Owen T. Lind, Ph.D., Professor of Biology. increase substantially for the following groups: new retirees. Supporting professional development, academic progression and career advancement of Baylor College of Medicine faculty members through their faculty life cycle; Enhancing faculty effectiveness as educators, clinicians, investigators, administrators and leaders; Partnering with the departments, College leaders and the Faculty Senate. William Bellinger, Professor of Hebrew Bible/Old Testament (1985-2021). (1982-2019)B.A., Baylor U.; M.A., U. of Houston; Ph.D., Northern Illinois U. Darrell S. Vodopich, Ph.D., Associate Professor of Biology. Norman L. Gilchrest, Ed.D., Professor Health, Human Performance and Recreation. If your plan allows, you can choose to receive regular income payments (minimum $100) on a semimonthly, monthly, quarterly, semiannual or annual basis. ; Ph.D., Louisiana State U. Tom Potts, Professor of FinanceB.B.A., Baylor U.; M.S., ibid. Summary Plan DescriptionOpens pdf in new window. David L. Jeffrey, Ph.D., Distinguished Professor of Literature and the Humanities. M. Michael Umble, Ph.D., Professor of Management. Paul A. McCoy, M.F.A., Professor of Art, Ceramist-in-Residence and Director of The Allbritton Art Institute. David W. Eldridge, Ph.D., Professor of Biology. Terry M. Roller, M.F.A., Professor of Art. ; Ph.D., U. of Texas. William Jordan, Professor and Chair of Mechanical Engineering (2005-2021)B.S., Colorado School of Mines; M.S., ibid. John D. McClanahan, M.F.A., Professor of Art. ; Ph.D., U. of California at Irvine. (1969-2011)B.S., U. of Texas, El Paso; M.M., U. of North Texas. If 10-15% is an amount you can't afford right now, contribute as much as you can comfortably afford. Each is solely responsible for its own financial condition and contractual obligations. Calvin B. Smith, M.S., Associate Professor of Museum Studies. (1978-1980 1980-2019)B.S., Baylor U.; M.S., Kansas State U.; Ph.D.,ibid. There are a number of important differences between mutual funds and annuities when they are offered under a retirement plan. 2. Dr. Irwin Yellowitz Last Updated: 04/08/2019 14:37. Take advantage of your jobs retirement benefits. Martha L. Sanford, Ph.D., Associate Professor of Nursing. (1970-1974, 1976-2010)B.S.N., Baylor U.; M.S.N., U. of Minnesota; Ph.D., U. of North Texas. (1986-2021)B.A., Baylor U.; J.D.,ibid. U. of Mary Hardin-Baylor; M.S.W., Our Lady of the Lake U.; Ph.D., U. of Mary Hardin-Baylor. Payments from variable accounts will fluctuate based on investment performance. Does it still make sense in relation to your age and lifestyle? Emeriti, TIAA-CREF, Savitz, Aetna Life Insurance Company, and HealthPartners are independent corporations and are not legally affiliated. Is there a tax advantage to owning variable annuities versus mutual funds? Patricia A. If you have not enrolled in the 403(b) Tax-Deferred Investment Plan within 45 days from your date of hire, you will be automatically enrolled in the Plan at a contribution rate of 3% of your pretax eligible earnings. Save at least enough to trigger your employer's match (if available), Aim to save a total of 10-15% pre-tax annually, Add incremental increases annually to painlessly boost your savings over time, Contribute as much as you can afford, up to the IRS limit, Get the most from any employer matches (if they're available). *Investment advice is available through TIAA using an advice methodology from Morningstar Investment Management, LLC. First, think about how far off retirement is. Mary P. Nichols, Ph.D., Professor of Political Science. Interests in the retirement healthcare program are offered solely by the employer. . (1986-2000)B.A., Baylor U.; J.D.,ibid. Thomas Harrison, Jr., Ph.D., Professor of Accounting. Keep in mind: You may need to complete the required form found at Baylor College of MedicineOpens in a new window to tell your employer how much money you want taken out of each paycheck. Reviewing your current investment mix to see if you need to rebalance your portfolio as you near retirement. William K. Ghee, Ph.D., Professor of Finance and Insurance. Letter of Request from head of Academic Unit that includes a summary of the candidates contributions to the College, 2. (1990-2015)B.A., Wichita State U., M.A., Western Washington State U.; Ph.D., U. of Illinois. Wallace L. Daniel, Jr., Ph.D., The Ralph L. and Bessie Mae Lynn Professor of History. Franklin Potts, Professor of Finance (1968-2021)B.B.A., Baylor U., M.S., ibid. (1963-1995)B.A., U. of Oklahoma; M.A.,ibid. Pittsburgh Theological Seminary; Ph.D., Ohio U. Charles J. Delaney, Associate Professor of Finance, Insurance, and Real Estate. (1985-2005)B.B.A., Baylor U.; M.S., Oklahoma State U.; Ph.D., Michigan State U. Maxine B. Hart, Ed.D., Professor of Information Systems. Stephen Heyde, Professor and Director of Orchestral Activities, The Mary Franks Thompson Professor of Orchestral Studies, and Conductor-in-Residence (1984-2021)B.M., Capital U.; M.M., Carnegie Mellon U. Thomas S. Hibbs, Ph.D., Dean Emeritus and Distinguished Professor of Ethics and Culture. What is the difference between a mutual fund and an annuity? Donald R. Farris, Ph.D., Professor of Electrical and Computer Engineering. The overarching hypothesis of the Baylor College of Medicine - Rice University SRP is that maternal exposure to PAHs, which are present in Superfund sites, increases the risk of PTBs and incrementally . Ron Stanke, Ph.D., Associate Professor of Mathematics. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. (2000-2020)B.A., Austin College; M.M., Cleveland Institute of Music. Contributing even a small amount now can potentially make a big difference by the time you retire. Lewis M. Barker, Ph.D., Professor of Psychology and Neuroscience. Mary A. Booras, M.A., Associate Professor of Speech Communication. For IRAs (other than Roth IRAs), your required beginning date is April 1 of the year following the calendar year in which you reach your RMD Applicable Age. Any guarantees under annuities issued by TIAA are subject to TIAA's claims-paying ability. ; Ph.D., U. of Texas. (1985-2005)B.S., Southern Methodist U.; M.S.,ibid., Ph.D.,ibid. Each is solely responsible for its own financial condition . (1990-2001)B.A., Baylor U.; M.A.,ibid. Review your Welcome Kit carefully to verify the information is correct, including investments and beneficiary information. Do not sell/share my personal information. Joseph F. Vlez, Ph.D., Professor of Spanish. (1977-2020)B.A., Vanderbilt U.; M.A., Emory U., Ph.D., ibid. Call 713-798-1000 Monday - Friday 8 a.m. - 5 p.m. ONLINE Request Now Request non-urgent appointments Find a Physician Ray Bagby, Ph.D., Associate Professor of Entrepreneurship. (1970-1987)B.S.N., U. of Pittsburgh; M.S., Texas Woman's U. William V. Davis, Ph.D., Professor of English and Writer-in-Residence. Investment in variable products is subject to the risks associated with investing in securities, including loss of principal. (1981-2008)B.A., Amherst College; M.A., U. of Massachusetts; Ph.D.,ibid. (1972-2000)B.A., Occidental College; M.A., Florida State U.; Ph.D.,ibid. If you were born in 1959, federal guidance is needed to determine if your RMD Applicable Age is 73 or 75. Learn about the plan basics, including eligibility, and investment options available through Fidelity and TIAA for Baylor College of Medicine retirement plan(s). Learn ways to save and invest to help you prepare for your retirement. Lyle C. Brown, Ph.D., Professor of Political Science. Kris K. Moore, Ph.D., Professor of Statistics and Quantitative Business Analysis. Papers of BCM faculty, staff, departments, students and affiliates (1976-1991)B.A., U. of Northern Iowa; M.S.E., Drake U.; Ph.D., Iowa State U. James L. Williamson, Ed.D., Professor of Educational Leadership and The Fred and Edith Hale Emeritus Professor in Education. America's fourth largest city is a great place to live, work and play. They offer several payment options, including lifetime income. (1963-1999)B.A., Sul Ross State College; M.A., Columbia U.; M.F.A., U. of Texas. Thomas R Hunt, III, MD, DSc, FACHE Hand/Wrist/Elbow Surgeon - Educator, Author, Innovator - Fmr. (1981-2000)B.S., U.S. Military Academy, West Point; M.S., Rensselaer Polytechnic Institute; Ph.D., Arizona State U. Steven R. Eisenbarth, Ph.D., Professor of Electrical and Computer Engineering. A lump-sum payment, subject to a surrender fee, may be available depending on your plan rules and the terms of your contract. ; Ph.D., Rice U. William R. Trail, J.D., Professor and The Darrell L. Keith Professor Law and Medicine. Over the course of a year you pay for services like record keeping. (1974-1997)B.A., Biola College; B.D., California Baptist Theological Seminary; M.A., U. of Southern California; Ph.D.,ibid. (1971)B.B.A., Baylor U.; M.B.A., U. of Southern California; D.B.A.,ibid. Gary W. Hull, Ph.D., Associate Professor of History. Barbara and Corbin J. Robertson, Jr. Presidential Award for Excellence in Education, Ben and Margaret Love Foundation Bobby Alford Award for Academic Clinical Professionalism (Center for Professionalism), Norton Rose Fulbright Faculty Excellence Award, Faculty Awards for Excellence in Patient Care. The information herein is general in nature and should not be considered legal or tax advice. As for income options, annuities offer you the opportunity for lifetime income with or without guaranteed payments for a fixed time period*. Baylor College of Medicine, one of the top-ranked medical schools in the country, is well known for its exceptional, innovative, and collaborative research environment. ; Ph.D., Kent State U. Rufus B. Spain, Ph.D., Professor of History. How can I see my accounts and perform transactions online? BCM contributes a 8% base contribution to the Plan and employees automatically receive the base contribution once eligible. (1994-2020)B.S., Virginia Polytechnic Institute and State U.; M.S., ibid. Find out who to contact about enrollment or investing. (1984-2021)B.B.A., Texas Tech U.; J.D., U. of Oklahoma. (1978-2020)B.S., Denison U.; M.S., Baylor U.; Ph.D., Southern Methodist U. Southern Baptist Theological Seminary; Ph.D.,ibid. 1968-71. (E.E. Consult an attorney or tax professional regarding your specific situation. Contact your HR Benefits Office for additional information and assistance. A. Dale Allen, Ph.D., Professor of Management. Here is how it works. (1967-2014)B.A., U. of Texas; Ph.D.,ibid. may. Teachers Insurance and Annuity Association of America is domiciled in New York, NY, with its principal place of business in New York, NY. The mutual funds chosen for your retirement savings plan provide the opportunity to focus on specific market segments - all of which offer varying degrees of risk and reward opportunities. (1988-2015)B.B.A., U. of North Texas; M.B.A.,ibid., Ph.D., U. of Georgia.C. (1995- 2001)B.S., Baylor U.; M.S. (1997-2014)B.S., U. of Texas; M.S., Sacred Heart U.; M.Ph., Columbia U.; Ph.D.,ibid. Frederick R. Gehlbach, Ph.D., Professor of Biology. These lower risk products offer a guaranteed income that you cant outlive. (2001-2002, 2002-2020)B.S., Baylor U.; J.D., ibid. BCM contributes a 8% base contribution to the Plan and employees automatically receive the base contribution once eligible. Delton L. Chesser, Ph.D., Professor of Accounting. TIAA-CREF Life Insurance Company is domiciled in New York, NY with its principal place of business in New York, NY. Charles J. Isoline, Ed.D., Professor of Art. Or you can decide to receive income for a certain number of years or take a cash withdrawal (depending on your plans provisions). 401(a) Retirement Plan does not offer a loan feature. Find out why.Get to Know Houston. (1990)B.S., Abilene Christian U.; M.B.A., U. of Texas; Ph.D.,ibid. (1989-2017).B.A., Baylor U.; M.R.E., Southwestern Baptist Theological Seminary; Ed.D., U. of North Texas. (1954-1993)B.S., U. of Texas; M.Ed.,ibid. ), Seinan Gakuin U. John A. John S. Belew, Ph.D., Professor of Chemistry and Provost Emeritus. Then, determine your comfort level with risk and reward. (1972-2006)B.A., Baylor U.; B.D., Southwestern Baptist Theological Seminary; M.A., Baylor U.; M.A., Cornell U.; Ph.D.,ibid. (1973-2011)B.A., Baylor U.; M.A.,ibid. Guarantees are based on the claims-paying ability of the issuer. Call 713-798-1000 Monday - Friday 8 a.m. - 5 p.m. ONLINE Request Now Request non-urgent appointments Find a Physician (1986-2011)B.S., Texas Woman's U.; M.Ed., Sam Houston State U.; Ph.D., Texas Woman's U. Charles S. Madden, Ph.D., Professor of Marketing. Consider contributing to annuities1 that offer growth opportunities while your're saving and monthly income thats guaranteed for life when you retire. Karl A. Umlauf, M.F.A., Professor of Art and Artist in Residence. Investing involves risk, including risk of loss. Mungello, Ph.D., Professor of History. McCormick Theological Seminary; D. 6.3% increase for Dental Plan. (1968-1989)B.S., U. of North Texas; M.S.,ibid. Many employers offer contribution matching. The value of a variable annuity is subject to market fluctuations and investment risk so that, if withdrawn, it may be worth more or less than its original cost. Stuart Rosenbaum, Ph.D., Professor of Philosophy. Robert T. Doty, Ph.D., Professor of Mechanical Engineering. Ronald Beal, LL.M., Professor of Law. (1981-2018)B.S., New Mexico Institute of Mining and Technology; M.S.,ibid. Prof. & Chair, Dept of Orthopedic Surgery Baylor College of Med and Chief Physician Exec, Baylor St . (1958-2002)B.A., Ouachita Baptist U.; M.A., Louisiana State U.; Ph.D.,ibid. (1976-2010)B.F.A., Bethany College; M.F.A., U. of Iowa. Studying biology at Baylor is a journey that will give you a new perspective on the world. There are several technology companies that offer end-to-end notarization systems. (1985-2020)B.A., U. of California; M.S., ibid., Ph.D., ibid. TIAA has partnered with Notarize.com (www.Notarize.com/TIAAOpens in a new window) to offer a digital and secure way for you to fulfill notarization requirements for your forms. Bruce Berg, D.M.A., Professor of Violin. (1966-2003)B.A., International Christian U., Tokyo, Japan; Ph.D., Yale U. James M. Warren, Ph.D., Professor of Engineering. (1968-1989)B.A., Baylor U.; M.S.Ed.,ibid. Robert Darden, Journalism, Professor of Journalism, Public Relations and New Media (1999-2022)B.A., Baylor U.; M.A., U. of North Texas. Most employers require you to save a certain amount before they will match it when they do, its all extra money! How do I find an online Notary? Dennis ONeal, Professor of Mechanical EngineeringB.S., Texas A&M U.; M.S., Oklahoma State U.; Ph.D., Purdue U. Manuel J. Ortuo, Ph.D., Professor of Spanish. Patricia W. Cook, M.F.A., Professor of Theatre Arts. Post Graduate Training: 1967-68. tax-free . (1977-2015)B.A., Ohio U.; M.A.,ibid. Our Premedicine Program is designed for those students who desire to attend medical school upon undergraduate degree completion. (1965-2008)B.A., Peru State College; M.A., Oklahoma State U.; Ph.D., U. of Maryland. ; Ph.D., U. of Florida. (1989-2004)B.F.A., Drake U.; M.A., U. of Iowa; Ph.D., U. of Texas. Both options receive favorable tax treatment under the plan. Professional development opportunities are available for every stage of your career. Who can participate in this plan? (2000-2015)B.A., Wichita State U.; B.D., Yale U.; M.A., Wichita State U.; Ph.D., Yale U. William C. Robinson, M.M., Associate Professor of Music. ; Ph.D., U. of Texas. A set amount your beneficiary(ies) will receive from your retirement account if you die before taking income. (1965-2000)B.M., Indiana U.; M.M.,ibid. ; Ph.D., U. of Illinois. Then strive to increase that amount by putting raises toward it and small annual increases. Baylor College of Medicine contributes 8% of your base annual earnings to the plan. Select a retirement plan and begin the enrollment process. There are several technology companies that offer end-to-end notarization systems. Non-tenured faculty members at the rank of professor (non-tenured), associate professor (non-tenure track), voluntary clinical professor, and voluntary clinical associate professor with at least 10 years of exemplary service to the College may be eligible for an Emeritus appointment upon retirement and upon recommendation of the head of the Academic Unit in which the candidate has his or her primary appointment and formal action of the Faculty Appointments and Promotions Committee, the Academic Council, the president, and the Board of Trustees. (1975-1991)B.S., Baylor U.; M.S., Texas Woman's U.; Ph.D.,ibid. ; M.S.,ibid. (1968-1985)B.S.Ed., State College, Indiana, Pa.; M.A., Ohio U.; Ph.D.,ibid. After enrolling, you'll receive a TIAA Welcome Kit and a Legal Package including your contract and contract number. William E. McBride, Ph.D., Professor of Computer Science. Berry J. Klingman, M.F.A., Professor of Art. Associate Professor of Otolaryngology, New York Medical College. ; Ph.D., U. of Michigan. Madalene R. Barnett, Ph.D., Professor of Communication Disorders. Faculty Media . William Thomas, Professor of Accounting and Business Law and Master Teacher. (1979-2009)B.A., Grove City College; M.A., American U.; Ph.D., Duke U. David L. Rivers, Ph.D., Professor of Communication Sciences and Disorders. ; Ph.D., Emory U. Robert S. Baldridge, Ph.D., Professor of Biology. Founded in 1860, New York Medical College (NYMC), one of the nation's largest private health sciences universities, is the leading academic biomedical research university between New York City and the state capital of Albany, NY. (1973-2005)B.B.A., Baylor U.; M.B.A.,ibid. Before investing, consider the investment objectives, risks, charges, and expenses of the fund or annuity and its investment options. (1981-1997)B.S., U. of Kentucky; M.B.A., Syracuse U.; Ph.D., U. of Pennsylvania. ; Ph.D., Texas A&M U. James E. Wood, Jr., Ph.D., The Simon and Ethel Bunn Distinguished Professor of Church-State Studies. You may have access to these products when you choose your options in enrollment. Get professional advice to help you save and invest for your future. ; Ph.D.,ibid. Richard E. Duhrkopf, Ph.D., Associate Professor of Biology. This may be restricted by the terms of your TIAA contracts. 1329 S. 7th Street Patricia A. Hickey, Ph.D., Associate Professor of Mathematics. To obtain vesting information regarding this plan, contact TIAA at 800-842-2252. Emeriti Retirement Health Solutions is not an insurance company, insurance broker or insurance provider. The full name of Emeriti Retirement Health Solutions is The Emeriti Consortium for Retirement Health Solutions, an Illinois Nonprofit Corporation. Martin Medhurst, Distinguished Professor of Rhetoric and Communication (2003-2021)B.A., Wheaton College; M.A. (1981-2011)B.S.N., Northern Illinois U.; M.S.N., U. of Tennessee, Knoxville; Ph.D., U. of North Texas. (1987-2013)B.S., U. of Oklahoma; M.S.,ibid. (1980-2020)B.A., U. of Houston; M.A., ibid. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. ; Ph.D., U. of Texas, Arlington. As you get older, more of that money may need to go toward healthcare and other essential expenses. William A. (1969-2009)B.A., Baylor U.; M.S.W., Louisiana State U; Ph.D., Texas Womans U. Donald R. Edwards, Ph.D., Professor of Management. (1963-1965, 1971-2004)B.S., Hardin-Simmons U.; M.S., Oklahoma State U.; Ph.D.,ibid. Owning mutual funds can reduce risk through diversification and professional management, and allow you to potentially invest in a broad range of asset classes U.S. and non-U.S. stocks, bonds, and real estate with smaller amounts of assets. (1973-2009)B.A., Southern Methodist U.; M.A., U. of Texas; Ph.D.,ibid. No, there is no tax advantage to owning variable annuities or mutual funds in your TIAA-funded retirement plan. Willis, Ph.D., Professor of Information System. Emeriti, TIAA-CREF, Savitz, Aetna Life Insurance Company, and HealthPartners are independent corporations and are not legally affiliated. ; Ph.D., U. of Arkansas. Please keep in mind that there are inherent risks in investing. (1974-1993)B.F.A., U. of Illinois; M.A.,ibid. Your RMD Applicable Age was 70 if you were born before 7/1/49; 72 if you were born on or after 7/1/49 or in 1950; 73 if you were born between 1951 and 1958; 75 if you were born in 1960 or later. Richard B. Riley, Ph.D., Professor of Political Science. TIAA-CREF Individual & Institutional Services, LLC serves as a broker-dealer with respect to underlying mutual funds only, and does not offer, market or sell interests in such plans or otherwise provide broker-dealer services with respect to the interests in such plans. J. T. Powers, Ed.D., Professor of Health, Human Performance and Recreation. Take advantage of it. As for income options, annuities offer you the opportunity for lifetime income with or without guaranteed payments for a fixed time period*. (2000-2016)B.A., Georgetown College; Ph.D., U. of Texas. There are a number of important differences between mutual funds and annuities when they are offered under a retirement plan. ; Ph.D.,ibid. Generally, you must show an immediate, significant need that cannot be met with other resources, including loans from your retirement plan. TIAA Traditional is a guaranteed insurance contract and not an investment for federal securities law purposes. (1973-2018).B.B.A., Baylor U.; M.B.A.,ibid. Emeritus Faculty . Louis Muldrow, J.D., Professor and the Abner V. McCall Professor of Evidence. Rose, Ph.D., Professor of Finance, Insurance, and Real Estate. For help and advice, schedule an appointment with a TIAA investment professional or attend a seminarOpens in a new window. Have an edit or suggestion for this page. Check your investment mix. . John Dunbar, Ph.D., Professor of Geosciences. Have an edit or suggestion for this page? Member FDIC. I have a form requiring notarization. Baylor College of Medicine plans to launch a regional campus in Temple, the first extension of the elite Houston school's doctor-training brand in the state. *Guarantees are subject to the claims-paying capability of the insurer. (1962-2004)B.A., Mississippi College; M.A.,ibid. Social Security will only replace about 40% of your pre-retirement income for the average worker, so you and your employer need to cover the rest. (1973-2011)B.S. Harold W. Osborne, Ph.D., Professor of Sociology and Master Teacher. We offer several services in order to prepare students for the often rigorous journey in becoming a doctor, including: Premedicine students are encouraged to select a major in which they feel they will . Frauke A. Harvey, Ph.D., Professor of German, Russian and Japanese. Each year UTHealth, The University of Texas MD Anderson Cancer Center, University of Houston - College of Medicine, UTMB-Galveston, and Baylor College of Medicine holds a one-day symposium. This Plan is funded entirely by BCM; there are no employee contributions made to this Plan. Schedule now . Wilfrid Laurier U.; M.A., Lamar U.; Ph.D., U. Texas.