Forms of Payment from TIAA Only

You should contact TIAA for a distribution form. TIAA’s counselors will assist you in deciding which distribution option best meets your financial needs.

Lump Sum

You may elect to receive a lump-sum distribution for all or part of the full value of your accounts.

Rollover

As an alternative, you may elect to receive installment withdrawals until you have exhausted your account balances. You may designate the amount and the frequency of these withdrawals (subject to certain minimums required by tax law).

Forms of Payment from TIAA Fixed Annuity

A lifetime annuity may be received from your TIAA Traditional Annuity Account. Lifetime annuity income is the only payment method that ensures you will never outlive your retirement income. It is also a permanent arrangement; once you begin receiving payments, you may not stop them. The actual amount of income you receive at retirement depends primarily on the amount in your TIAA account, your age when payments begin, and the form of payment you choose (see Annuity Forms of Payment).

Once the amount of your TIAA fixed annuity is determined, it can be increased or decreased by changes in dividends, but cannot fall below the contractually guaranteed level.

TIAA Real Estate Account and CREF Forms of Payment

Lump Sum
You may receive a lump-sum distribution from TIAA Real Estate Account and CREF for all or part of the full value of your accounts at the time of payment.

Fixed-Period Payments
TIAA Real Estate Account and CREF accumulations may be taken over any period between two and thirty years, subject to IRS restrictions. At the end of the selected period, payments will end.

TIAA Real Estate Account and CREF Annuity
A lifetime annuity may be received from your TIAA Real Estate Account and CREF Annuity. Lifetime annuity income is the only payment method that ensures you will never outlive your retirement income. It is also a permanent arrangement. Once you begin receiving payments, you may not stop them. The actual amount of income you receive at retirement depends primarily on the amount in your account, your age when payments begin, and the form of payment you choose (see Annuity Forms of Payment).