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Thank you for sharing. Wow! Just WOW! Profound. I wish I could have read this sooner. Mom passed away shortly after her 97 BD (Sept 2023) Her last few years were incredibly hard, for everyone involved. For the most part, our collective planning was aligned with the article, however...

Hello. My provider (Allergy Specialist) did a series of skin prick tests and subsequent Intradermal tests to determine specific allergens. These tests were all categorized as 'environmental.' Presumably these will all be covered by traditional Medicare and Medigap Supplemental (after annual...

Welcome to the Retirement Is Under Rated club!

Bravo for soliciting input from others! IMHO... Be extremely careful with Medicare advantage plans. The allure of free gy memberships, free meal, transportation allowances, debit cards for free OTC items will be of little value if one's current or future providers do not fully participate...

Wizard. Have any of your rates decreased since annuitizing? Meaning the guaranteed portion, the variable portion, or the loyalty portion .... collectively representing the original payout rate you were quoted?

Tinnitus post covid19 or post Vax Sorry to hear of so many members and loved ones being impacted by covid. Curious if anyone has had or is currently experiencing new or worsening tinnitus following covid or the Vax. I have read a few non scientifically proven articles, including from...

It will be interesting to see if this impacts the just advertised >8% on SP lifetime ten year annunity.

The 'January 2024 >8% payout rate on guaranteed portion'. Changed in so far as willing to listen to others including TIAA wealth management personnel with the intent of overcoming my long standing biases.

Thank you, Wizard, and Cyber888 for your input. Cyber, you are correct, I am. 67. Yes, I I have used TIAA's online (secure site) tools and run various options over the past few years and again in the past week. I will search this site to see if I can locate the comparision you referenced...

Happy New Year's Eve to all. My long standing though has been to stay away from any retirement annuity including TIAA's. The recent announcement from TIAA that their payout rate for the guaranteed portion of a SP ten year guaranteed starting in Jan 2024 as >8% is intriguing. Payout Rate is...

Alternative viewpoint My condolences to the Op and all who have recently lost a loved one. To all, I suggest considering the following pripr to deciding to accept any compensation for serving as an Executor. While one's parents were alive, did siblings contribute to the plethora of...

The Wizard...Just noticed your reply, thank you. Within TIAA's Group Retirement plans identified as "Traditional" accounts there are various product lines (options) for payouts. Purchasing a SP or Jt payor annuity (with or without guaranteed periods) is an option to achieve Lifetime payments...

Keep in mind, TIAA payouts are comprised of a guaranteed amount and a variable amount. The variable amount is adjusted annually. At least that's my understanding. On a related note, five (5) of my past transactions with TIAA were erroneously processed. These included rollovers, and...

Volunteer vs pd gigs I volunteer with several first responder/emergency management groups, of which one turned into a contracted pt (no benefits) . I second another posted thoughts- volunteering with FD, Red Cross, Emergency Mgt. Medical Reserve Cops, Team Rubicon USA and hospitals is a great...

Update. The reversal of the unauthorized withdrawal initiated by TIAA has finally been completed. Unfortunately corrective actions to roll over the funds into an alternate internal account appear to have fallen off the preverbal rail; another escalation ļticket has been opened at my request...

Feedback Thank you to all for your insights, sage advice, sharing of experiences. Like: concept of one more strike. Downside with tiaa is moving money from unrestricted retirement account to chase substantially higher interest rates comes with a minimal five year withdrawal schema. And...

I have invested with TIAA-CREF for approximately 20 years and I am very pleased with my Financial Advisor. Until recently I was blissfully in the contribute and build mode; post retirement I have shifted into the consolidation mode favoring two organizations TIAA and Schwab. Two recent...

Covid19 As someone who has been judged as overly precautions and having had all the available vaccinations, I tested positive beginning of July and wife shortly thereafter. As others have said, your son needs to demonstrate extreme consideration for you and others loved ones. He and you...

From my assessment, PA handles deferred compensation differently from Fed and many other states...intentionally taxing the income at time of earnings. This leads me to believe the 457 W2 should not have reported state income. Interesting, the 457b W2 did NOTreport local income. Anxiously...

The good news, from a conservative standpoint, when I submitted my State and Local taxes last week, my entries accurate reflected the 457b W2. Worse case I will need to submit an amended return if HR/PR concur there was an error on their behalf. If HR does not concur, next step is for H&R block...

Dash man. Thank you for your reply and the citation.. I spent an hour on the phone with a rep from the PA Dept of Revenue and while she agreed that it appears the issued 457b W2 is causing me to be subjected to double taxation, she was unable to recommend a solution from the prospective of...

Good evening. Situation: In PA, my understanding is all deferred retirement plans are taxable when the income is earned (i.e. 401, 403, 457b plans). Upon disbursements of monies held within a 457b plan, in PA, the payments are reported on a W2. It appears this results in double taxation...

Congratulations! While it is most unfortunate that your dedication, hard work and expertise were not recognized, the outcome serves to validate your decision was a good one. Every day is a Saturday, Sunday and holiday. It's particularly enjoyable awakening on a miserably cold or rainy day...

No end to what one can learn from this group Thanks so much for the detailed explanations and links to underlying documentation and forms. Truly there is no limit to what one can learn from others in this community. Thank you to the group admins and moderators as well.

I am planning on working a limited number of hours (12 hours/wk) as a '1099 contracted employee.' I hear your whispers in the background, 'why on earth would I want to do this?' The opportunity aligns with my interests, comes with great flexibility in terms of scheduling and wont interfere...