CREF No More: TIAA Changes Name, Branding (2024)

FAQs

How do I change my legal name on TIAA-CREF? ›

How do I change my name on my TIAA account(s)? A certified copy must be sent by mail. We can't accept a fax. Please send a letter of instruction stating the change, with your signature in both your former and new name and a medallion signature guarantee, which guarantees that the signature is genuine.

The Teachers Insurance and Annuity Association of America-College Retirement Equities Fund (TIAA, formerly TIAA-CREF), is a Fortune 100 financial services organization that is the leading provider of financial services in the academic, research, medical, cultural and governmental fields.

TIAA is dropping the CREF. As part of a rebranding effort, the New York-based asset manager is changing its name from TIAA-CREF to TIAA. “This is more than a name change; this is a game change,” said Connie Weaver, chief marketing officer at TIAA.

The U.S. Securities and Exchange Commission (SEC) announced that TIAA-CREF Individual & Institutional Services LLC, (TC Services) that is a subsidiary of Teachers Insurance and Annuity Association of America (TIAA), will pay $97 million to settle charges of making inaccurate and misleading statements to rollover ...

To change the name of your LLC or corporation, you will need to file “Articles of Amendment” with your state. Once approved, you can start operating under the new name.

Method 2: User Accounts Advanced Control Panel

Press Windows key + R, type: netplwiz or control userpasswords2, then hit Enter. Select the account, then click Properties. Select the General tab, then enter the user name you want to use. Click Apply then OK, click Apply then OK again to confirm the change.

TIAA is a stock New York life insurance company and is owned by the TIAA Board of Governors. CREF is a not-for-profit corporation based in New York, registered as an investment company with the Securities Exchange Commission.

We've changed from TIAA-CREF to TIAA. Although we're called TIAA now, CREF is still a big part of what we do.

New York, NY — Nearly 300 clients of the $1.2 trillion retirement giant TIAA filed a formal complaint today with the UN-sponsored Principles for Responsible Investment (PRI) initiative, alleging TIAA's substantial investments in fossil fuels and deforestation violate TIAA's climate pledges and commitment to the six ...

So it's generally better to wait to collect until your "full retirement age" of 66 or 67, determined by your birthdate. And if you hold off till age 70, you can maximize your monthly payments.

Can TIAA-CREF be rolled over? ›

You can transfer as a rollover or cash withdrawal. Make this request if you currently have a TPA and want to change your TPA destination to an alternate investment company. Make this request if you have a TIAA Traditional Annuity and you want to have funds sent to another investment company.

You can withdraw funds at any time. Log into TIAA.org, then use the SUPPORT menu to choose TRANSACTIONS & INFORMATION. You can find your withdrawal request options in this section.

If you die first, your annuity partner's income is reduced to 75% of the original amount. Your income isn't reduced if your annuity partner dies first. You will receive income as long as you live. Income continues for the full amount following the death of either you or your annuity partner.

Both are defined-contribution plans, but a 401(k) is designed to provide supplemental income in retirement and attempts to maximize the funds in it, while a TIAA plan is intended to provide a guaranteed lifetime annual income by annuitizing the money in the plan, making the amount saved less paramount.

For stability, claims-paying ability and overall financial strength, Teachers Insurance and Annuity Association of America (TIAA) is one of only three insurance groups in the United States to currently hold the highest possible rating from three of the four leading insurance company rating agencies: A.M. Best (A++ ...

An entity name refers to the legal name of the 'entity' which your business conducts itself under.

More In File

Generally, businesses need a new EIN when their ownership or structure has changed. Although changing the name of your business does not require you to obtain a new EIN, you may wish to visit the Business Name Change page to find out what actions are required if you change the name of your business.

How do I delete old login names? ›

The fund has returned -10.87 percent over the past year, 10.15 percent over the past three years, 10.17 percent over the past five years and 12.84 percent over the past decade.

No, that is a 401k or 403b plan, which you do not report as an IRA. Employer-sponsored plan contributions are reported on your W2, Box 12, usually with code "D" or "E." Box 1 of your W2 should be reduced by the amount of your contribution (unless it's a Roth 401k).

The group buying the bank will be funds managed by Stone Point Capital, Warburg Pincus, Reverence Capital Partners, Sixth Street and Bayview Asset Management.

— TIAA Bank has announced another round of employee layoffs that is set to begin on August 2, 2021.

TIAA's rationale

The decision to sell TIAA Bank aligns with TIAA's long-term strategic plan to refocus on its retirement business and its asset manager, Nuveen Investments Inc., the company noted in a news release announcing the deal. The move came more than a year since Roger Ferguson Jr.

The investment advisory services, strategies and expertise of TIAA Investments, a division of Nuveen, are provided by Teachers Advisors, LLC and TIAA-CREF Investment Management, LLC.

TIAA Named Among Ethisphere's World's Most Ethical Companies

“We know our clients want to work with a partner they trust, and we work hard to do right by them, our employees and our communities.

78% of TIAA employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated TIAA 3.9 out of 5 for work life balance, 4.1 for culture and values and 3.7 for career opportunities.

As is the case with all annuity companies, TIAA receives a 'rating' from several rating agencies. In pretty much every case, their ratings are among the best that a company can get. Simply put, ratings analysts think highly of TIAA.

At what age is Social Security no longer taxed? ›

Are Social Security benefits taxable regardless of age? Yes. The rules for taxing benefits do not change as a person gets older. Whether or not your Social Security payments are taxed is determined by your income level — specifically, what the Internal Revenue Service calls your “provisional income.”

It's also important to remember that you can't outlive your pension or Social Security benefits—but you can outlive your savings! That's why it's so important to have a solid plan in place for how you'll manage your money in retirement.

Make your money work harder for you

Instead, retirees might consider shifting some of their assets around to preferred stocks funds and other high-yield investments. Of course, these tend to carry a little more risk than those conservative options, so you should be sure to consult a financial adviser first.

If you have less than $10,000 total in your account, of which no more than $2,000 is in the TIAA Traditional fund, you can remove all the money, including the university's contribution, by completing a Repurchase Form. If you have over $10,000 you can remove up to 100 percent of your CREF funds.

You must complete both the Direct Transfer Form and the TIAA Transfer Payout Annuity Form if you are transferring the TIAA Traditional Account. Step 3: Complete both Fidelity and TIAA form(s) and mail all forms to Fidelity.

You should use this form to convert an existing TIAA-CREF Funds Traditional IRA to a Roth IRA. If you are converting a Traditional IRA from another custodian, you must complete both this IRA Conversion Form and the IRA Asset Transfer Form.

What Is the Rule of 55? Under the terms of this rule, you can withdraw funds from your current job's 401(k) or 403(b) plan with no 10% tax penalty if you leave that job in or after the year you turn 55.

The 4 percent rule is a guideline used to determine how much money an individual can withdraw from their retirement savings each year without running out of money during their retirement.

For example, it may be tempting to use your inherited TIAA assets to pay off large debts, such as a mortgage. But keep in mind that TIAA assets are tax deferred. This means they will be taxable as ordinary income when received as cash, so they may not be the best choice for an immediate capital need.

What happens to my TIAA-CREF When I leave my job? ›

If you have less than $10,000 total in your account, of which no more than $2,000 is in the TIAA Traditional fund, you can remove all the money, including the university's contribution, by completing a Repurchase Form. If you have over $10,000 you can remove up to 100 percent of your CREF funds.

TIAA is a stock New York life insurance company and is owned by the TIAA Board of Governors. CREF is a not-for-profit corporation based in New York, registered as an investment company with the Securities Exchange Commission.

From the mobile app: Log in to the mobile app and tap the three bars in the top left corner. Then, choose Settings, and you'll be able to edit your personal profile. If you need to change your legal name, please email us for further assistance. Copied!

Change the Name on Your Bank Accounts

Once you receive your new ID with your new name, it's time to update your banking information. Most banks require these changes in-person for security purposes. If you don't live near a branch, check with your bank about mailing in a certified copy of your marriage license.

A Medallion Signature Guarantee is required for changing banks or for a name change on your IRA account. Note: This form is to only be used by IRA shareholders. To change information on a non-IRA account, please use the Change of Account Information form.

The IRS requires that 401(k) accounts must remain in each person's name, and you cannot combine two 401(k)s belonging to two spouses. Each spouse can have a 401(k) of their own and in their name. If both spouses are working, they can participate and contribute to the employer's 401(k) plan.

When you leave your job, you typically have the option to keep your 401k with your former employer, roll it over into an IRA, or cash out the account (though cashing out will result in a substantial tax penalty). It's usually best to roll the funds into an IRA to avoid penalties.

So it's generally better to wait to collect until your "full retirement age" of 66 or 67, determined by your birthdate. And if you hold off till age 70, you can maximize your monthly payments.

Key Takeaways

Your employer can remove money from your 401(k) after you leave the company, but only under certain circ*mstances. If your balance is less than $1,000, your employer can cut you a check. Your employer can move the money into an IRA of the company's choice if your balance is between $1,000 to $5,000.

TIAA-CREF plans restructuring to make CREF a separate account within TIAA. Executives of TIAA-CREF are moving to delete the hyphen from the financial services organization's name by eliminating CREF as a corporate entity and making it a separate account within the restructured TIAA.

What are the cons of using Betterment? ›

For updating a name, you'll need to bring one of the following: marriage certificate, divorce decree indicating name change, court order of name change or adoption certificate. When adding an owner, all account owners will need to be present at the appointment and bring a valid government-issued photo ID.