17 min
TIAA Traditional 120 day restoration rule - When NOT To Do It TIAA Simplified for HigherEd
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- Utbildning
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.
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.
17 min