johns hopkins 403b retirement plan johns hopkins 403b retirement plan

See the Summary Plan Description for additional information on the universitys 403(b) Plan. While you are still employed by the university, you may withdraw your employee contributions from the Plan, and investment earnings on those contributions, at any time after you reach age 59. People are living longer than ever. Estimate how long your retirement savings may last. You can: Speak with a retirement plan specialist to review your options. To qualify you must be totally and permanently disabled, and the deferrals and earnings must have been credited to your plan on or after January 1, 1989. Retirement annuities can help replace your salary with monthly income thats guaranteed for life. The Johns Hopkins University. Msg & Data rates may apply. The role of the onsite Retirement Planning Consultant is to assist you with your retirement plan. Annuities are designed for retirement and other long-term goals. Thanks to compounding, any earnings on your investments gets reinvested and can potentially earn even more money, and so on. Like 457 Plans, the catch-up limits for 403(b) plan participants aged 60 to 63 will increase to the greater of $10,000 or 150% of the "standard" catch-up amount for the relevant tax year . Find out who to contact about enrollment or investing. If your plan permits, you can withdraw some of the money you've put in over the years (but not earnings) due to financial hardship, such as medical or funeral expenses, while still employed. I have a form requiring notarization. SECURE 2.0 Act of 2022 was signed into law on December 29, with policy changes that will affect both the administrators of and participants in qualified retirement plans and IRAs. Get a sense of your financial health with these easy-to-use calculators. For more information about the terms of your individual contract, contact your plan sponsor or financial advisor. You may be able to leave money in your current plan or withdraw cash. The models are subject to a number of limitations. We offer several different retirement plans, depending upon your job classification and hire . Take control of your account by signing up for e-documents. NzAxMWI1YjM4Y2VlMDhmNGQxMDY3ZGM4ZDU3YjQ2YzlmZjRmNjJiOTA4NzRk Johns Hopkins University 403(b) Plan, TIAA-CREF - 403b information & discussion. View JHU 403 (b) retirement plan balances and manage contributions Review and change your contribution amounts and investment provider Learn more about the investment options that are available to you Select the myChoices Retirement Enrollment tab from the Benefits & Worklife homepage. You must be fully terminated; including from any part-time, limited-time, visiting, and casual-on-call positions. Disability withdrawals are not subject to the 10% IRS penalty on withdrawals prior to age 59. The purpose of this website is to inform current and former participants and beneficiaries in The Johns Hopkins University 403 (b) Retirement Plan about the settlement of this Action, including that you may be entitled to benefits under the class action settlement. Now is a great time to understand what is offered - think about taking advantage of any opportunities to save and invest for the future. The RPIC is looking for feedback from JHU employees in the next few months, while the process is underway. Your access to this site was blocked by Wordfence, a security provider, who protects sites from malicious activity. Edit the available investment options for the plan. TIAA has developed resources to keep you informed and on track. Loans are available from a minimum of $1,000 to a maximum of $50,000 from each employer that you are eligible to take a loan from. You are eligible to immediately make voluntary pre-tax and/or Roth contributions to the Plan if you are a full-time, part-time, visiting, limited, or casual faculty member. You may also elect to contribute a different percentage of your salary on a pre-tax or after-tax (Roth) basis. Each of the foregoing is solely responsible for its own financial condition and contractual obligations. Each is solely responsible for its own financial condition and contractual obligations. See below. Text 'HELP' for Help. However, diversification doesn't guarantee against loss. the entire spectrum of defined benefit and defined contribution plans, including 401 (k) and 403 (b) (Traditional and Roth), 457, profit sharing, money purchase, cash balance, Taft-Hartley, multiple employer plans, nonqualified deferred compensation, and rollover and Roth IRA. Retirement doesn't have to be about "winding down." There are plenty of options and every investor is different. M2M4N2UxZTcwNWUyNzZhMjMxNzBkMDBkNGQ0ODAyOTkyOTkzYjY5ZDI5YWI2 JHUs retirement plans reward you for your contributions and help you build toward future financial security. Pension and 403B retirement savings plan ; Exclusive Employee Discounts: Cell phone plans, amusement parks, shopping, hotels, cars, electronics, restaurants and more! Your principal remains intact while you receive the interest. If you have not turned 72 by the end of 2022, the IRS requires these distributions from certain retirement accounts annually when you reach age 73. Your RMD Applicable Age was 70 if you were born before 7/1/49; 72 if you were born on or after 7/1/49 or in 1950; 73 if you were born between 1951 and 1958; 75 if you were born in 1960 or later. There are a number of important differences between mutual funds and annuities when they are offered under a retirement plan. MjhlZDg0ZDUxMWY4MzJlNmZmYjI1MTVjYTA0MWFlN2RiYmI1ODJiMDE1Mjk4 10. 1101 EAST 33RD STREET, SUITE A222. The probability illustrations also assume a consistent contribution percentage, if applicable, and asset allocation (no future changes or rebalancing unless you are subscribed to one of the Advice Services or a target date asset allocation service), annual inflation of approximately 2%, and annual salary increases (unless you are retired), based on a calculation that incorporates multiple factors including a salary growth curve and inflation. The U.S. District Court for the District of Maryland has granted in part and denied in part defendants' motion to dismiss an Employee Retirement Income Security Act (ERISA) lawsuit targeting the 403(b) plan of John Hopkins University. Learn about privileges and perks. Prior to rolling over, consider your other options. Class action lawsuits in question generally focus on university 403(b) plans, which are defined-contribution . Some of these expenses are fixed and other expenses may vary from year to year. An annual TIAA Plan Servicing Fee of $26 is assessed if you maintain a Retirement Choice and/or Retirement Choice Plus account. Compare the differences in investment options, services, fees and expenses, withdrawal options, required minimum distributions, other plan features, and tax treatment. When we turn 65, theres an 80% probability that well live to 80, and a 27% chance well reach 95.*. In order to more easily transition into retirement, you may be able to withdraw up to 10%, in cash, of your lifetime annuity income. Any withdrawals from tax-deferred sources may be assessed an early withdrawal penalty which is taken into consideration in these illustrations. ZGI2Y2MwNWNmYmY4YjVlMjc0NWMyMGFhNDI2MTUxNWY5YzBmNzliMzY3YmEw Equal Housing Lender. This may be restricted by the terms of your TIAA contracts. Social Security will only replace about 40% of your pre-retirement income for the average worker, so you and your employer need to cover the rest. Fees should be just one factor in your decision-making process since the lowest cost option may not be the best one for you. Does it still make sense in relation to your age and lifestyle? 403 (b) Retirement Savings Plan To help you add to your personal retirement savings we offer all eligible employees the option to participate in a 403 (b) retirement savings plan, also called a tax-deferred annuity program. The earlier you start contributing to retirement plan investments, the more you can potentially save. Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value. ZjA0YTFkYyJ9 If you believe Wordfence should be allowing you access to this site, please let them know using the steps below so they can investigate why this is happening. Teachers Insurance and Annuity Association of America is domiciled in New York, NY, with its principal place of business in New York, NY. OTNlYTA2NTYzNGJhMGQyNTk3NjdmNDVjNmUzZDNmNGM5YTYxNjEzNTI2NmQy Some of our benefits include: Dependent Child Tuition Assistance Educational Assistance Program Two retirement plans: Retirement Income Plan and 403 (b) Savings Plan Investment in variable products is subject to the risks associated with investing in securities, including loss of principal. Posted in Benefits+Perks Its California Certificate of Authority number is 3092. If you have money in other employer's plans, you may be able to transfer or roll it over to the Johns Hopkins University retirement plan to increase your maximum loan amount. ZmVhMjcxOGY1OTgxMjk3ZjY1NzRlMjNlZTliYTFiMmYwMDgzMDlhNzQwNDM0 Do not sell/share my personal information. Automated account information is available 24/7. To make retirement planning easier and more effective for employees, the number of investment choices is expected to be reduced GETTY IMAGES Hub staff report / Jan 13, 2020 Johns Hopkins University is conducting a review of its 403 (b) retirement plans, which will result in changes to the investment fund choices that are available to employees. Return assumptions are estimates not guarantees. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributes securities products. General administrative services include recordkeeping, legal, accounting, consulting, investment advisory and other plan administration services. Now is a great time to consider an exciting new career at the Johns Hopkins Health System. Visit the JHU Retirement Enrollment Page Opens in a new windowto get started. Thus, you should monitor your account regularly and base your investment decisions on your time horizon, risk tolerance, and personal financial situation, as well as on the information in the prospectuses for investments you consider. Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value. Deposit and lending products and services are provided by TIAA Bank, a division of TIAA, FSB. *Investment advice is available through TIAA using an advice methodology from Morningstar Investment Management, LLC. The returns you experience may be materially different than projections. When you enroll online, you create an individual account where you can view your balances, change your investment mix, make transfers and other transactions. In a recent Issue Snapshot about how the annual limit on retirement plan contributions under Section 415(c) of the Internal Revenue Code ("Code") applies to 403(b) plans, the IRS revealed that it expects 403(b) plan sponsors to maintain procedures to inform employees about Section 415(c)'s special aggregation rule for 403(b) plans and to . More information about retirement plan fees and expenses is available at TIAA.org/fees. If your plan allows, you can choose to receive regular income payments (minimum $100) on a semimonthly, monthly, quarterly, semiannual or annual basis. If you need a new PIN, please contact Customer Service at 800-755-5801. New employees are automatically enrolled in the program with an initial 2% pre-tax contribution level. Who would benefit most from owning mutual funds? The most you can contribute in 2023 is $22,500 per IRS rules. See how each step you take today can make a meaningful difference tomorrow. If you have indicated within your Retirement Profile, Advice Services Profile, or your Managed Advice Profile that you are retired, you are required to input your actual Social Security benefit amount provided by the Social Security Administration. Schedule Simplify how you save for retirement Do you have retirement accounts with former employers? Who would benefit most from owning mutual funds? OGJiNjM4YWRhMDRjNWYwMjc3MzAyZjc3ZjA5MzBiNzViNzkzMjhiYzg2NzAx View and compare your investment options before you enroll. If 10-15% is an amount you can't afford right now, contribute as much as you can comfortably afford. YWU3Mzg5MmE0ZTJiMTFhZWVmN2QxMWM2YjE1ZjBmZGM3MDFjNjJhODBiZjcw MTY0MWI3MDM4MDNmZTRjZTVkOGQzOGI5MDY3OTQxNGM3N2UwZGMzMDFhMjRi Mutual funds offer systematic withdrawals. These costs are allocated to each participant in a uniform way. You may have access to these products when you choose your options in enrollment. Morningstar Inc. and Morningstar Investment Management LLC are not affiliated with Transamerica. Learn about Johns Hopkins University's retirement savings and planning services and support for employees and retirees. Estimated retirement income used in the probability illustrations are after-tax. There are a number of important differences between mutual funds and annuities when they are offered under a retirement plan. Capital market assumptions are forecasts which involve known and unknown risks, uncertainties, and other factors which may cause the actual results to differ materially and/or substantially from any future results, performance, or achievements expressed or implied by those projections for any reason. You must be fully terminated; including from any part-time, limited-time, visiting, and casual-on-call positions. This is only if the Johns Hopkins University retirement plan accepts rollovers. Investment decisions should be made based on the investors own objectives and circumstances. The University of Miami, Coral Gables, Fla., has agreed to pay $1.85 million to settle claims by participants in the university's 403 (b) plan and four other defined contribution plans that the . Log In / Sign Up: 401(k) Guidance Management Services. 2023 Johns Hopkins University Human Resources, https://hr.jhu.edu/wp-content/uploads/tiaa_roth_012023.mp4. If you are age 50 or older, you may also be eligible to make catch-up contributions (up to an additional $7,500 in 2023). YmYyNTcwMDljY2QzNTA0NDEyZjg3NGI5NjcxNTQwZDA4NTA3ODRiYzUyNDk0 RECOMMENDED ALLOCATIONS (as of 3/31/2021) help. Return assumptions are updated annually; these updates may have a material impact on your projections. Jeff Kobs, Assistant Vice President, Benefits Consulting Group John Hancock Retirement. NzM4OWZmMTk0Y2Q3OWY2ZmI2NzZiY2Q3YjIyM2Q1MmJlNzNhYTJiNTI5MzA5 By owning a combination of funds with different investment characteristics, you may be able to offset the poor performance of one asset class with another that is benefiting from an upward trend. The retirement plan adviser trade group counts about 20 similar lawsuits filed against universities since 2016. . TIAA has partnered with Notarize.com (www.Notarize.com/TIAAOpens in a new window) to offer a digital and secure way for you to fulfill notarization requirements for your forms. Contact 888-200-4074 weekdays, 8 a.m.to 10 p.m. (ET) to learn more. If you have an online account, please have your login information available. N2RmMTE3NDM0MGE5NWU1OWE5ZTUzZWI0ZTU3ZTZlODFmZDg0MTgxZDUxYmE5 Contributing money on a Roth basis is available to all Health System, JHH and Bayview employees. For general retirement plan questions, contact the JHU Benefits Service Center at 410-516-2000 or benefits@jhu.edu. No, there is no tax advantage to owning variable annuities or mutual funds in your TIAA-funded retirement plan. By owning a combination of funds with different investment characteristics, you may be able to offset the poor performance of one asset class with another that is benefiting from an upward trend. However, 403(b) plan . You can choose to receive income for a set period of two to 30 years, depending on the terms of our contract and your plan's rules (and not to exceed your life expectancy). For help and advice, call us anytime at 888-200-4074. Affordable Health, Vision, and Dental Insurance Plans Vacation & Sick Time; plus 3 free days, and 7 paid holidays Visit our Financial Wellness Center for quick lessons on topics designed to help you live your best financial life. Generally speaking, riskier investments should be made when youre younger, so you have plenty of time to potentially recoup losses. About the Plan NDAxNWQyYzMyYjFhMzg2NDU0MTk3YjJmNTE3ZTY2ZDBiMjY5MjgwZTgxNzI5 The following three categories of services are provided to your plan: 1. The U.S. Supreme Court will hear oral arguments on Dec. 6 in a lawsuit that contends that Northwestern University violated its duty under ERISA by allowing two 403(b) retirement plans to charge . The probability illustrations, including the Your Retirement Outlook graphic, estimated retirement income graphic, sources of your retirement income chart, and income planning spend down illustration generated from the engine are based on Monte Carlo simulations of 500 possible investment scenarios for a given time period and assume a range of possible returns. Log in; Sign up; 401(k) Guidance; . JOHNS HOPKINS HEALTH SYSTEM CORPORATION. You must begin taking minimum distributions from your IRAs and employer retirement plan accounts by your required beginning date (or retirement, if later for employer retirement plan accounts). Masks are required inside all of our care facilities, COVID-19 testing locations on Maryland.gov, LINC (Ladders in Nursing Careers) Application, Skills Enhancement and Professional Development, Institute of Notre Dame Scholarship and Work Study, Attracting Talent: Recruitment Management, Developing Talent: Performance Management, View account balance by investment option, Change the amount or investment election for your contributions to the plan, Change investment elections on your current balance, Review investment performance and fund details, Hear account balance by investment option. Make Roth contributions that can grow tax-free, Your right to a lump-sum distribution from your TIAA Traditional Account may be restricted to taking periodic payments under the terms of the contract. When you enroll online, you create an individual account where you can view your balances, change your investment mix, make transfers and other transactions. 1Annuities are designed for retirement savings or for other long-term goals. You will need your Social Security Number and PIN. If you're already enrolled, log in to your secure account from the login button at the top of the home page of this site. If you have money in other employer's plans, you may be able to transfer or roll it over to the Johns Hopkins University retirement plan to increase your maximum loan amount. Consider contributing to annuities1 that offer growth opportunities while your're saving and monthly income thats guaranteed for life when you retire. *Guarantees are subject to the claims-paying capability of the insurer. Mutual funds offer diversification, professional management, relatively low investment minimums and fees, and a range of choices among different asset classes. For more detailed information about the 403(b) plan, including eligibility, contribution limits, vesting, employer matching and payments, download your Summary Plan Description. Deposit and lending products and services are provided by TIAA Bank, a division of TIAA, FSB. This requirement is similar to one in a settlement announced in April affecting the 403 (b) plan of Vanderbilt University, Nashville. In some cases, an investment provider may pay a portion of an investment's expense ratio to TIAA, the recordkeeper, to help offset the cost of plan administration. MDIxZTRlYTE3NmVmOGFhOWYzYTg3YzU0NDI5OGUwOGNiMjk0OWEyMjNiOGRl *Investment advice is available through TIAA using an advice methodology from Morningstar Investment Management, LLC. For financial guidance, call 888-200-4074 to speak to a the JHU Retirement Center at TIAA financial consultant. Tme management skills. How the plan works Roth 403 (b) Access your account YTZjODkzYjUzZTM1MmY4ODFjMGE0OTY0ZDk4YjA4NDdlN2VkNjExNDZhMDkx An annuity is an insurance contract with one or more fixed-rate and variable investment options. Edit the available investment options for the plan. You can receive the current interest earned on your TIAA Traditional Account in monthly payments. ZWViZjQ5NGJhYzNmOWE0OTFiMmI1MjhhZTRmNzU4ZGIxMTJiNjEwMjg5NmMx But even for those hired 2013, you get an automatic 4% contribution from JHU for your 403 (b) before age 35 and 8% automatic contribution after you turn 35. Want to make a difference over the long haul? Roth contributions are combined with pre-tax contributions and are subject to the same IRS maximum limits. Autonomy. We are vaccinating all eligible patients. NjFlODBmMDI1MzFmZGQ5MTMxOTUyMDk5Zjc1NDI0MWIwYmVlZTBmMDEwNTgy The complaints are nearly identical to those filed against MIT, New York University, Yale and Duke University, alleging that instead of using the plans' bargaining . To recap, here's what you'll want to think about when you enroll: Think how long your retirement savings will need to last. Transamerica's retirement planning consultants (RPCs) can answer your financial questions and help create a retirement strategy that addresses your goals, wherever you are in your career. Any savings have the potential to help in the future, but ideally, you still should aim for 10-15% of your pre-tax income annually. JHU's retirement plans reward you for your contributions and help you build toward future financial security. Johns Hopkins Medicine International helps facilitate the global expansion of the Johns Hopkins Medicine mission by providing patient-centered care for diverse populations and sustainable, innovative collaborations that raise the standard of health care around the world. Review the fees and expenses you pay, including any charges associated with transferring your account, to see if consolidating your accounts could help reduce your costs. You'll receive up to 2 msg/month and can opt out at any time by texting 'STOP' to 21299. Investment advisory services offered through Transamerica Retirement Advisors, LLC (TRA), registered investment advisor. 403(b) Plan View plan details Income Deferral 403(b) Plan for Residents, Interns & Postdoctoral Fellows View plan details Take charge of your future today. See how much is invested in your account. The About Probability Illustrations, Limitations, and Key Assumptions apply to the OnTrack tool and the Advice Services, which includes Managed Advice (offered in plans and IRAs) and Advisor Managed AdviceSM. All qualified applicants will receive consideration for . The spend-down order of your accounts is determined by an algorithm and aims to optimize tax exposure (by generally exhausting taxable accounts first then tax-deferred accounts) and Social Security benefits. Apply today at CareerBuilder! Discover what it will take to reach your savings goals. Many participants enjoy the diversity of investing in mutual funds in their retirement plans. Both have the same basic contribution . MTQ4NTUyOWUxYTg3OTVmOTAwM2I3ZjA4MDI3NmI4NDg2M2QzOGYyZTUxNjcz If you have had an IRS-defined "triggering event," and your plan allows withdrawals, you can roll over your accumulations to another retirement plan that will accept them or to an Individual Retirement Account (IRA). Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Evolution of 403(b) Landscape . Many financial planners estimate that youll need 80-90% of your pre-retirement income to maintain your lifestyle in retirement. Many services are necessary for the day-to-day operation of your employer's retirement plan. How can I see my accounts and perform transactions online? In 1958, Congress added Section 403(b) to the Internal Revenue Code. Faculty 403(b) Eligibility. Is there a tax advantage to owning variable annuities versus mutual funds? Research indicates that a more streamlined approach with fewer fund choices makes retirement planning easier and more effective for employees. Explore these interactive tools and resources developed in collaboration with the American Heart Association. 1102(a)(1). TIAA Traditional is a guaranteed insurance contract and not an investment for federal securities law purposes. There are no additional charges for meeting with your Retirement Planning Consultant, who is a registered representative with Transamerica Investors Securities Corporation (TISC), member FINRA, 440 Mamaronek Avenue, Harrison, NY 10528, and registered investment advisor of Transamerica Retirement Advisors, LLC (TRA), Registered Investment Advisor. In addition, for more information on fees and investments, refer to "Mutual Funds and In-Plan Annuities" via TIAA.org/performanceOpens in a new window which is a good source for additional plan and investment-related information. OGI2MDhlNWJjMGY5ZDhkMDE3MGMwMzU5NTRjMGMzYzJhNGNhY2QzNzAyMjNi These lower risk products offer a guaranteed income that you cant outlive. Log in and take a minute to choose, review, or update your beneficiaries. If you were born in 1959, federal guidance is needed to determine if your RMD Applicable Age is 73 or 75. Please consult your legal or tax advisor. ** Returns are adjusted for fees where applicable. While you are employed by the university, you may withdraw any of your interest in the Plan (including university contributions and earnings) after you reach age 70 . You can also contact us online. Its California Certificate of Authority number is 3092. Call us at 800-755-5801. -----BEGIN REPORT----- Edit the available investment options for the plan. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. The mutual funds chosen for your retirement savings plan provide the opportunity to focus on specific market segments - all of which offer varying degrees of risk and reward opportunities. 2023 Johns Hopkins University Human Resources, Meet with an Expert from Marsh McLennan Agency. That's just one reason why we are the #1 choice for educators in K-12 schools in the U.S. 1 and help thousands of non-profit employees realize their retirement dreams. Take advantage of it. 2021 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, 730 Third Avenue, New York, NY 10017, Income Deferral 403(b) Plan for Residents, Interns & Postdoctoral Fellows. NmM1MGI1NjIyYTczMDk4ZWQ2NGNjODg3ZGE2YjczYjJkZmZlNmUxYWZjNTI3 If you have retirement accounts with former employers, you have options. The probability illustrations assume both retirement at the age at which you qualify for full Social Security benefits and an annual retirement income goal of 80% of your projected final working salary. You can leave the tool now and go to Insights to read articles, use tools and see videos that will help you step forward. Reported by John Manganaro The IRS has imposed an annual compensation limit of $330,000 in 2023. At that time investments were limited to annuity contracts. General Participation Contributions Plan Investments Loans and Distributions You are not taxed on the money until it is withdrawn, presumably at retirement when you will be in a lower tax bracket. Over the course of a year you pay for services like record keeping. All investing is subject to risk. For help and advice, call us anytime at 888-200-4074. Typically, a Company Sponsor (Employer) of this type of plan creates an account for every individual Participant. Owning mutual funds can reduce risk through diversification and professional management, and allow you to potentially invest in a broad range of asset classes U.S. and non-U.S. stocks, bonds, and real estate with smaller amounts of assets. Moreover, even though the tools estimates are statistically sound based upon the simulations it runs, the tool cannot foresee or account for every possible scenario that may negatively impact your financial situation. Johns Hopkins University 403(b) Plan, Vanguard. Results may vary with each use and over time. There are several technology companies that offer end-to-end notarization systems. All Transamerica companies are affiliated, but are not affiliated with your employer. YzE4NGMxZTI5ODQzZDkxYmMxMmMwZWM1NWRlMjQ2ZGJhNTc2NjNiMDU5NWU3 Contact TIAA or your HR Office to verify details of your plan(s) in regards to loan availability and transfer/rollover loan eligibility. Reviewing your current investment mix to see if you need to rebalance your portfolio as you near retirement. Our 403 (b) plan is administered by Transamerica. Your plan's funds - JOHNS HOPKINS UNIVERSITY 403 (B) PLAN Your plan offers the following diversified lineup of funds. The illustrations are generated according to models developed by Morningstar Investment Management LLC, a leading independent provider of asset allocation, manager selection, and portfolio construction. 2023 Transamerica Corporation, Change how much you invest for the future. . While you are still employed by the university, you may withdraw your employee contributions from the Plan, and investment earnings on those contributions, at any time after you reach age 59. A set amount your beneficiary(ies) will receive from your retirement account if you die before taking income. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY.