Moving Account Balances

The following rules apply for moving account balances from one investment sponsor to another:

  1. Transfers between the Vanguard Target Retirement Funds, Core Mutual Funds and BrokerageLink can be done at any time. A fee may be charged if more than four transfers are made in a calendar year.
  2. Transfers out of the CREF Annuities into the TIAA Traditional, Vanguard Target Retirement Funds, Core Mutual Funds and BrokerageLink may be done at any time.*
  3. Transfers out of Vanguard Target Retirement Funds, Core Mutual Funds and BrokerageLink into the TIAA-CREF Core Annuities may be done at any time, except that TIAA and CREF cannot accept Roth after-tax contributions.
  4. For a TIAA Group Retirement Annuity Accounts issued after June 1, 2005:
    While you are employed at the University transfers can be made out of the TIAA Traditional Annuity Account into the CREF funds or the funds available through Fidelity by use of a transfer payout annuity but only by spreading the amount transferred out over a nine-year period. At termination of service, transfers may be made from the TIAA Traditional Annuity Account to the CREF funds or the funds available through Fidelity over a five-year period, or, within the first 120 days following separation from service, in a lump sum, which is subject to a 2.5% surrender fee.For a TIAA Retirement Annuity Account issued prior to June 1, 2005:*
    Transfers can be made out of the TIAA Traditional Annuity Account into the CREF funds or the funds available through Fidelity by use of a transfer payout annuity but only by spreading the amount transferred out over a nine-year period.
  5. Transfers may be made out of the following annuities that are closed to new contributions at any time*.
    • TIAA Real Estate
    • CREF Equity Index
    • CREF Global Equities
    • CREF Bond Market
    • CREF Growth
    • CREF Social Choice

*Transfer subject to paperwork. First, contact TIAA-CREF for the applicable paperwork, if you would like to complete a transfer from any of the CREF Annuities or the TIAA Traditional.

Other restrictions or requirements may apply. See the disclosure materials for any fund you are considering.