TIAA Simplified for HigherEd Greg Shepard

Welcome to "TIAA Simplified" with Greg Shepard! In this eye-opening Podcast episode Greg delves into the common mistakes many higher education professionals make in managing their retirement plans. Drawing from his extensive experience, Greg highlights crucial insights and real-life examples to guide viewers towards smarter financial decisions.
Key Points:
1. Common Mistakes: Greg addresses misconceptions and pitfalls in retirement portfolio management, urging viewers to reassess their strategies.
2. DIY vs. Professional Guidance: He explores the risks of managing portfolios independently versus seeking expert advice, emphasizing the importance of fiduciary responsibility.
3. Importance of Diversification: Greg stresses the need for a balanced approach to portfolio construction, incorporating diverse investment options to ensure stability and income generation.
4. Seeking Expert Assistance: He encourages viewers to consider consulting an independent financial advisor with experience in navigating TIAA and higher education retirement plans.
5. Opportunity for Guidance: Greg extends an invitation to those nearing retirement to explore the possibility of partnering with S&A Financial Services for personalized portfolio management and guidance.
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TIAA Simplified YouTube Channel
📆 Jump on my calendar to see how we can improve your higher ed retirement plan
Website:
www.safinancialservices.com
email: greg@shepardfinancial.com
Connect w/ us
913-521-2381
*Disclosure* S&A Financial Services, Inc. is a registered investment advisor. Content presented is for informational purposes only and should not be considered as investment advice or as an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Always consult with your tax advisor or attorney regarding your specific situation.

Hey there, everyone! Greg Shepard here, and in today's Podcast episode, we're diving deep into a rather specific situation surrounding the 5-Year Fixed Period Payment Option within TIAA Traditional.
As someone who specializes in simplifying the complexities of TIAA accounts, I'm here to shed light on this topic and help you navigate through it.
Let me paint the picture for you. Just recently, I had a conversation with an individual from Arizona who found himself in a bit of a predicament with his TIAA retirement plan. He opted for the 5-Year Fixed Period Payment Option within his GRA account with his TIAA Traditional, directing payments to his rollover IRA at Schwab. However, things took an unexpected turn when he turned RMD age, triggering a series of events that he wasn't prepared for.
You see, when you select the 5-Year Fixed Period Payment Option and hit RMD age within that period, payments from TIAA are redirected to you directly, rather than to your IRA. This caught this individual off guard, leading to confusion and frustration.
So, what's the solution? Well, it's essential to understand the implications of your choices and plan accordingly. In this case, after he became a client, we continued both the RMDs from the IRA and the payments from TIAA, but directed the RMDs to a Trust account to avoid doubling his income.
This scenario highlights the importance of being proactive and seeking guidance before making decisions that could have significant consequences for your retirement plan.
If you're considering the 5-Year Fixed Period Payment Option or have any questions about your TIAA Traditional investment, don't hesitate to reach out. I'm here to help you navigate through the complexities and ensure you make informed choices.
Remember, knowledge is power, and being informed is the key to securing your financial future. Thanks for tuning in, and until next time, this is Greg Shepard from S&A Financial Services, wishing you all the best on your retirement journey.
Lastly, I wanted to let you know that my firm is looking to work with and help one new client per month. My firm remains highly specialized in simplifying the TIAA process and putting together strategies that are easy to understand. If you're within a few years, or a few days, of retirement and want to see if you 're a good fit for my firm. Please feel free to contact me to see how we can make your TIAA life a little easier.
TIAA Simplified YouTube Channel
📆 Jump on my calendar to see how we can improve your higher ed retirement plan
Website:
www.safinancialservices.com
email: greg@shepardfinancial.com
Connect w/ us
913-521-2381
*Disclosure* S&A Financial Services, Inc. is a registered investment advisor. Content presented is for informational purposes only and should not be considered as investment advice or as an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Always consult with your tax advisor or attorney regarding your specific situation.

(Formally HigherEd Retire Podcast)
Tune in to the latest episode of the HigherEd Retire Podcast, where we delve into the intersection of Required Minimum Distributions (RMDs) and TIAA Traditional investments. Specifically, I explore how the RMD age impacts individuals who have chosen the 5-year fixed option after separating from service.
Join me as we break down the implications and considerations for post-service investors. Understand the significance of RMD age in managing your TIAA Traditional investments effectively.
Gain valuable insights into navigating RMDs and optimizing your retirement strategy with TIAA Traditional. Don't miss out on this essential discussion tailored to higher education retirees. Tune in now for actionable advice and expert guidance!
YouTube Channel
📆 Jump on my calendar to see how we can improve your higher ed retirement plan
Website:
www.safinancialservices.com
email: greg@shepardfinancial.com
913-521-2381
*Disclosure* S&A Financial Services, Inc. is a registered investment advisor. Content presented is for informational purposes only and should not be considered as investment advice or as an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Always consult with your tax advisor or attorney regarding your specific situation.

In this special episode of the HigherEd Retire Podcast, I take a moment to express my sincere gratitude to each listener who makes this journey worthwhile. Thank you for taking time out of your day to tune in and be part of my journey and community!
To showcase my appreciation, I'm sharing two inspiring stories from listeners just like you. These relatable narratives highlight the shared experiences, challenges, and triumphs in navigating their TIAA higher education retirement plans. From financial uncertainties to strategic decisions, these stories resonate with the broader public.
Join me as we celebrate the HigherEd Retire community and the connections forged through shared experiences. Your stories matter to me, and I'm honored to be part of your retirement planning journey. Thank you for being a valued listener, and here's to many more insightful episodes together!

Today's podcast episode is a must-listen as we delve into the intriguing realm of TIAA Traditional and a strategy that's making waves—the 120-Day Restoration Rule.
This rule, a game-changer in the current high-interest-rate landscape (2023), particularly affects those with liquid TIAA Traditional accounts. If you're not yet familiar with this tactic, buckle up because understanding it could impact you. Now, remember, this isn't financial advice but an eye-opening concept that deserves your attention.
In this episode, I dissect the intricacies of the 120-Day Restoration Rule. For participants with older Legacy buckets in TIAA Traditional earning around 4% or less, this strategy could be your ticket to amplified returns, thanks to today's rates (2023). By strategically selling, moving to a money market (or conservative bond investment) for 120 days, and reintroducing back into TIAA Traditional, you could benefit from higher rates—currently hovering around 6% (2023).
But, there's a crucial caveat. This strategy shines brightest for those with a substantial history in TIAA Traditional. If you've recently injected a significant sum within the last 12 - 18 months to capitalize on higher rates, the 120-Day Restoration Rule might not be as advantageous. TIAA will prorate the exit funds, impacting the overall outcome.
Understanding the nuances of the 120-Day Restoration Rule is paramount. If you're uncertain or curious about how this strategy aligns with your unique situation, I encourage you to reach out to TIAA or, of course, contact me. I'm here to assist you in navigating the intricacies of your retirement plan.
YouTube Channel
📆 Jump on my calendar to see how we can improve your higher ed retirement plan
Website:
www.safinancialservices.com
email: greg@shepardfinancial.com
913-521-2381
*Disclosure* S&A Financial Services, Inc. is a registered investment advisor. Content presented is for informational purposes only and should not be considered as investment advice or as an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Always consult with your tax advisor or attorney regarding your specific situation.

(Formally HigherEd Retire Podcast)
Welcome back, everyone to another episode of HigherEd Retire! Greg Shepard here from S&A Financial Services, your go-to guide for navigating the complexities of higher education retirement plans, especially those involving TIAA accounts. Today, I've got a game-changing strategy to share, especially tailored for those with a significant age difference between spouses.
In a recent scenario, I encountered a participant on the verge of retirement, holding a substantial $700,000+ in TIAA Traditional within an illiquid contract. The catch? His spouse was nine years younger, setting the stage for a unique approach to address liquidity and estate planning concerns.
Join me as we delve into a groundbreaking alternative to the traditional lifetime income annuity option - the 10-year TPA (Transfer Payout Annuity). We'll explore why, in this specific case, the age difference played a pivotal role in making the 10-year TPA a more attractive choice.
By opting for the 10-year TPA, paid out over nine years with annual payments directed to a Rollover IRA, this couple gained increased liquidity and enhanced estate planning benefits. Discover why this strategy might be your game-changer too, especially if you find yourself in a similar age-discrepant situation.
A quick reminder: this episode isn't investment advice, but rather a tool to empower you with knowledge about TIAA Traditional rules and alternative extraction methods. Make sure you understand the nuances of your retirement plan and, if applicable, explore options like the 10-year TPA.
If you've got questions or want to share your unique situation, feel free to reach out to me.
YouTube Channel
📆 Jump on my calendar to see how we can improve your higher ed retirement plan
Website:
www.safinancialservices.com
email: greg@shepardfinancial.com
913-521-2381
*Disclosure* S&A Financial Services, Inc. is a registered investment advisor. Content presented is for informational purposes only and should not be considered as investment advice or as an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Always consult with your tax advisor or attorney regarding your specific situation.