|
Anyone with experience of TIAA-CREF brokerage
05-15-2006, 11:55 AM
|
#1
|
Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
|
Anyone with experience of TIAA-CREF brokerage
I have a retail mutual fund account with TIAA-CREF, but now I see that they have a brokerage account
too that would give me some more flexability. Does anyone have one of these, if so what do you
think of it?
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
Re: Anyone with experience of TIAA-CREF brokerage
05-15-2006, 04:54 PM
|
#2
|
Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
|
Re: Anyone with experience of TIAA-CREF brokerage
Well looks like not too many folks use TIAA-CREF. So I suppose the best thing is to ask what you guys think of the fees as compared to Vanguard and Fidelity. Here are the TIAA -CREF fees
http://www.tiaa-cref.org/brokerage/comm_sched.htm
I'd mostly be buying TIAA-CREF funds many some EFTs and a few CDs
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
|
|
|
Re: Anyone with experience of TIAA-CREF brokerage
05-15-2006, 05:51 PM
|
#3
|
Thinks s/he gets paid by the post
Join Date: Jul 2003
Location: Pasadena CA
Posts: 3,346
|
Re: Anyone with experience of TIAA-CREF brokerage
Quote:
Originally Posted by nun
Well looks like not too many folks use TIAA-CREF.
|
TC is very popular with the teachers and some other folks. I consider them a good company, its just that you are specifically asking about brokerage services and although I know a lot of folks who have mutual funds with TC I know of no one who uses them for brokerage services.
__________________
T.S. Eliot:
Old men ought to be explorers
|
|
|
Re: Anyone with experience of TIAA-CREF brokerage
05-15-2006, 06:11 PM
|
#4
|
Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
|
Re: Anyone with experience of TIAA-CREF brokerage
Quote:
Originally Posted by yakers
TC is very popular with the teachers and some other folks. I consider them a good company, its just that you are specifically asking about brokerage services and although I know a lot of folks who have mutual funds with TC I know of no one who uses them for brokerage services.
|
Yes I'm in academia so I have some retirement accounts with them and to try to rationalize
my investing I moved funds from invesco and janus to them when they started selling
retail mutual funds. Now they are offering brokerage accounts. I was on the point of moving
to Fidelity or Vanguard to get the better features and range of investments their accounts offer, but if the TIAA-CREF brokerage has similar fees I'd probably just stay with them. I think the fees are comparable with Vanguard, but I couldn't find numbers for Fidelity.
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
|
|
|
Re: Anyone with experience of TIAA-CREF brokerage
05-16-2006, 05:56 AM
|
#5
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
|
Re: Anyone with experience of TIAA-CREF brokerage
nun, their prices are a little higher than what I pay at Schwab (not the lowest cost there either), but for the amount you will probably be trading it may not make much difference over the long run, especially since it will be more convenient to have everything in one place.
TIAA-CREF is a good company andyou would have the certainty of knowing that there is no way they will ever collapse, pretty much no matter what happens (well, maybe in the case of a big meteor strike that causes a mass extnction wave).
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
|
|
|
Re: Anyone with experience of TIAA-CREF brokerage
05-16-2006, 06:07 AM
|
#6
|
Moderator Emeritus
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
|
Re: Anyone with experience of TIAA-CREF brokerage
Nun,
I have been with TIAA-CREF for decades through 3 universities. They have always been reliable and decent, but their fund choices are limited and I have had to use other companies for various other retirement plans.
Given that I'd like to consolidate as I get closer to FIRE, I don't think they have the breadth -- even with brokerage services -- to meet my needs.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.
As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
|
|
|
Re: Anyone with experience of TIAA-CREF brokerage
05-16-2006, 07:02 AM
|
#7
|
Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
|
Re: Anyone with experience of TIAA-CREF brokerage
Quote:
Originally Posted by Rich_in_Tampa
Nun,
I have been with TIAA-CREF for decades through 3 universities. They have always been reliable and decent, but their fund choices are limited and I have had to use other companies for various other retirement plans.
Given that I'd like to consolidate as I get closer to FIRE, I don't think they have the breadth -- even with brokerage services -- to meet my needs.
|
When I first started with TIAA-CREF, 18 years ago, I was also worried about the small number of funds they offered, but for someone new to investing it was actually quite useful, stuck most money into a domestic index fund, put some in an international fund and spiced it with a tad of a bond fund and just stuck with it. The end result is pretty good, but now that I'm a bit more knowledgeable I was looking for more funds and features. It seems just as I think about moving TIAA offers just a bit more. Their fees are low and as I'll be using the account for buying TIAA funds and CDS and maybe the odd ETF I think I'll give it a try. Its either that of jump ship for Vanguard.
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|