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heathergonyea

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  1. Yes, I was told I could move it for a pretty steep penalty so thought it would be best to just sit on it. Thank you again for the info.
  2. Hello again. Yes, I am Aiken School District. Also, I am almost 48. I left NY after 17 years. I am still vested there but I cannot draw from that retirement fund until I am 62 (I believe).
  3. Hello again. Yes, I am Aiken School District.
  4. Thank you so much for getting back to me so quickly! This is cut and pasted directly from the SC retirement site, using my school district information. TIAA Employee contributions rate are established by the South Carolina General Assembly. Effective July 1, 2017, you contribute a tax-deferred 9.00% of your gross pay. Your employer will contribute 5%. When can you take money out? LOANS Aiken School District Optional Retirement Program does not offer a loan feature. DISTRIBUTIONS Age based distribution Your employer will typically allow you to withdraw funds once you've reached 59½. Lump-sum distribution You can withdraw all or part of your account in a single cash payment, depending on your plan rules and the terms of your contracts. 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. Please refer to your contract or certificate for full details or contact us at 800-842-2252. Systematic withdrawals If your plan allows, you can choose to receive regular income payments (minimum $100) on a semimonthly, monthly, quarterly, semiannual or annual basis. You can increase, decrease or suspend the payments at any time. These withdrawals are not available from TIAA Traditional Account balances. Limited periodic option If you're over age 55, you can withdraw cash up to 7% of your holdings in the CREF and TIAA Real Estate accounts. Currently available only in plans funded with TIAA group retirement annuity [GRA] contracts that don't allow CREF cash. Small-sum distribution When you leave your employer, you may be eligible to withdraw your retirement savings. Your plan may distribute your entire balance if the value does not exceed $2,000. Even if your plan doesn't allow cash distributions, you can withdraw your entire retirement savings if your TIAA Traditional Account value does not exceed $2,000 and your overall account balance is below a limit set by your employer's plan (either $1,000 or $5,000). Lifetime retirement income One-life annuity - provides income for as long as you live. Two-life annuity - provides lifetime income for you and an annuity partner (your spouse or someone else you name) for as long as either of you live. One- or two-life annuity with guaranteed period - guarantees income for up to 20 years, as long as the period you choose does not exceed your life expectancy. It ensures that income continues to go to your beneficiaries for the remainder of the guaranteed period if you (one-life annuity) or both you and your annuity partner (two-life annuity) die before the end of that period. Single-sum death benefit A set amount your beneficiary(ies) will receive from your retirement account if you die before taking income. Fixed period 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). Payments stop at the end of the period, during which you will have received all your principal and earnings. Interest only You can receive the current interest earned on your TIAA Traditional Account in monthly payments. Your principal remains intact while you receive the interest. These payments generally are available to individuals between ages 55 and 71 and must begin at least one year prior to reaching age 72. Retirement transition benefit In order to more easily transition into retirement, you may be able to withdraw up to 10%, in cash, of your lifetime annuity income. The amount you withdraw will reduce your lifetime annuity income accordingly. TPA to cash If you need some of your retirement savings in cash, you can withdraw your TIAA Traditional Account balance through a Transfer Payout Annuity (TPA) under the terms of the contract. A lump-sum payment, subject to a surrender fee, may be available depending on your plan rules and the terms of your contract. For more information about the terms of your individual contract, contact your plan sponsor or financial advisor. DB service credits Plan participants may consider purchasing service credits when they directly transfer from a Section 403(b) tax sheltered annuity or governmental 457(b) plan to a governmental defined benefit plan allows the purchase of "permissive service credits." A permissive service credit is credit for a period of service recognized by a defined benefit governmental plan only if you voluntarily contribute to the plan an amount that does not exceed the amount necessary to fund the benefit attributable to the period of service and the amount contributed is in addition to the regular employee contribution, if any, under the plan. A permissive service credit may also include service credit for up to 5 years where there is no performance of service, or service credited to provide an increased benefit for service credit which a participant is receiving under the plan. When purchasing service credits, keep in mind: The request for purchasing service credits is most often accomplished via a direct transfer from either a qualified or non-qualified plan. For example, permissive service credit can be granted for time spent teaching outside of the United States without being considered non-qualified service credit. If an institution does not allow participants to purchase service credits, they must meet a triggering event at which point the transaction can be processed (Per Plan Rules). The request would need to be processed as a rollover and financial forms are required. Rollover Prior to rolling over, consider your other options. You may also be able to leave money in your current plan or withdraw cash. Compare the differences in investment options, services, fees and expenses, withdrawal options, required minimum distributions, other plan features, and tax treatment. 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). Direct rollovers - from one account to another - are nontaxable and not reported as income to the federal government. Your plan's rules specify when you are eligible for a distribution. Minimum distribution option Generally, you must begin taking minimum withdrawals from your account by April 1 following the year in which you turn age 72 or retire, whichever is later. If you are married, you may be required to get spousal consent to receive any distribution option other than a qualified joint and survivor annuity. This plan is designed to provide you with income throughout your retirement. Leaving money in your account may allow the funds to grow on a tax-deferred basis. This plan allows you to receive a cash withdrawal. This may be restricted by the terms of your TIAA contracts. Taxes and penalties may apply. What are the fees? Understanding investment fees Your financial well-being is TIAA's top priority and we are committed to helping you make informed decisions. Fees should be just one factor in your decision-making process since the lowest cost option may not be the best one for you. Cost of plan services Fees and expenses have always been part of a retirement savings plan–some fees are associated with the administration of the plan and may be covered by your employer, while others are paid by you based on the specific investments and services you choose. The following three categories of services are provided to your plan: 1. General record keeping and other plan services Over the course of a year you pay for services like record keeping. Many services are necessary for the day-to-day operation of your employer’s retirement plan. General administrative services include recordkeeping, legal, accounting, consulting, investment advisory and other plan administration services. Some of these expenses are fixed and other expenses may vary from year to year. These costs are allocated to each participant in a uniform way. A Services Fee is assessed to certain investments and deducted on a Quarterly basis. Details related to Plan Services Fees assessed to plan investments are listed in your Quarterly Investment Update. Your Plan provides credits to certain investments on a Quarterly basis, so that plan participants share equally in the cost of your Plan’s record keeping and other plan services. 2. Specific investment services You pay only for what you use. Each investment offered within the plan charges a fee for managing the investment and for associated services. But you pay only for the investments you actually use and in proportion to the amount of your investment. These fees are not deducted directly from your account; they are paid indirectly through the investment’s “expense ratio”. The specific expense ratio for each plan designated investment option is listed in your Quarterly Investment Update. 3. Personalized services You can opt for extra features, like loan services. Personalized services provide access to a number of plan features and investments that you pay for, only if you use them. The personalized services used most often are: Retirement Plan Portfolio Manager is an optional service for professional account management. Retirement Plan Portfolio Manager provides investment advice on your retirement portfolio based on your goals and needs. This managed account is an optional service with professional oversight and a systematic, disciplined approach to managing your money. For an annual fee of 25 basis points, which will be deducted from your account on a quarterly basis, your portfolio is reviewed and adjusted as needed to help keep it on track. Features include: Customized advice – Based on your goals, we’ll help you decide how much to save, an appropriate asset mix and specific investment options. Ongoing portfolio oversight – We’ll make adjustments based on market conditions and other factors that may affect your investments. These adjustments include quarterly asset reallocation and rebalancing. Modify direction as needed – You can update your preferences anytime and we’ll fine-tune our recommendations. Quarterly statements – Show adjustments made to your portfolio so you can see your current investment mix. Qualified Domestic Relations Orders (QDRO) No additional charge Sales charges, purchase, withdrawal and redemption fees for certain investments Certain charges may apply. For additional information, see Quarterly Investment Update. More information about retirement plan fees and expenses is available at TIAA.org/fees. Available investments by plan Please select All South Carolina State Optional Retirement Program PlansAiken School District Optional Retirement Program All South Carolina State Optional Retirement Program Plans RETIREMENT PLAN AVERAGE ANNUAL RETURNS (%)1 AS OF 3/31/2020 UNLESS OTHERWISE NOTED MORNINGSTAR INFORMATION AS OF 5/31/2020 NAME / SYMBOL ASSET CLASS/ PRODUCT TYPE NET / GROSS EXPENSE RATIO DAILY YTD 1 YR 5 YR 10 YR OR SI INCEPTION DATE Mutual funds and CREF Annuities: When more than one inception date is displayed, the performance shown prior to the investment's inception date (first inception date shown) is based on the performance of the investment's older share class (second inception date shown). The performance for these periods has not been restated to reflect the actual expenses of the newer share class. If the actual expenses had been reflected, the performance for these periods would have been different because of differing expenses. TIAA Access Accounts: When more than one inception date is displayed, the performance shown for since inception is based on the annuity account inception date (first inception date shown). Performance for periods prior to the annuity account inception date are based on the underlying fund inception date (second inception date shown). Account performance is net of all annuity contract recurring costs such as mortality and expense risk charges and annual administrative fees. Pre-inclusion fund performance is also adjusted for these costs. Since Inception (SI) returns are provided for funds/accounts with less than 10 years of history. 10 year returns are provided for funds/accounts with greater than 10 years of history. Please click on the fund/account name for more detail. MORNINGSTAR OVERALL RATINGS The Overall Morningstar Rating for a managed product is based on risk adjusted return and is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. MORNINGSTAR CATEGORY Status TIAA Traditional Annuity - Retirement Choice (TC1IO#) Guaranteed / TIAA Fixed Annuity -- / -- -- Daily Year-to-Date returns for this investment is as of --. 3.99% 4.16% 4.24% 8/01/2005 N/A 0 Stars0 Stars American Funds EuroPacific Growth Fund - R6 (RERGX) Equities / Mutual Fund 0.46% / 0.46% -4.97% Daily Year-to-Date returns for this investment is as of 6/18/2020. -12.70% 0.91% 3.97% 6/01/2009 3 Stars3 StarsOUT OF 419 FUNDS Foreign Large Growth American Funds New World R6 (RNWGX) Equities / Mutual Fund 0.60% / 0.60% -3.80% Daily Year-to-Date returns for this investment is as of 6/18/2020. -12.42% 2.23% 3.77% 5/01/2009 5 Stars5 StarsOUT OF 700 FUNDS Diversified Emerging Mkts CREF Inflation-Linked Bond Account (R3) (QCILIX) The performance shown for Class R3 that is prior to its inception date of 4/24/2015 is based on the Account's Class R1. The inception date of the Account's Class R1 is listed on the Account Class R1's profile page. The performance for these periods has not been restated to reflect the lower expenses of the Class R3. If these lower expenses had been reflected, the performance of the Class R3 for these periods would have been higher. Fixed Income / CREF Variable Annuity 0.23% / 0.23% Expenses (Investment Advisory Expenses, Administrative Expenses, Distribution Expenses (12b-1), Mortality and Expense Risk Charges) are estimated each year based on projected expense and asset levels. Differences between actual expenses and the estimate are adjusted quarterly and are reflected in current investment results. The Account’s total annual expense deduction appears in the Account's prospectus, and may be different than that shown herein due to rounding. Please refer to the prospectus for further details. 3.70% Daily Year-to-Date returns for this investment is as of 6/18/2020. 4.42% 1.86%* 2.89%* 4/24/2015 5/01/1997 3 Stars3 StarsOUT OF 196 FUNDS Inflation-Protected Bond CREF Social Choice Account (R3) (QCSCIX) The performance shown for Class R3 that is prior to its inception date of 4/24/2015 is based on the Account's Class R1. The inception date of the Account's Class R1 is listed on the Account Class R1's profile page. The performance for these periods has not been restated to reflect the lower expenses of the Class R3. If these lower expenses had been reflected, the performance of the Class R3 for these periods would have been higher. Multi-Asset / CREF Variable Annuity 0.26% / 0.26% Expenses (Investment Advisory Expenses, Administrative Expenses, Distribution Expenses (12b-1), Mortality and Expense Risk Charges) are estimated each year based on projected expense and asset levels. Differences between actual expenses and the estimate are adjusted quarterly and are reflected in current investment results. The Account’s total annual expense deduction appears in the Account's prospectus, and may be different than that shown herein due to rounding. Please refer to the prospectus for further details. -1.15% Daily Year-to-Date returns for this investment is as of 6/18/2020. -3.56% 3.70%* 6.39%* 4/24/2015 3/01/1990 4 Stars4 StarsOUT OF 637 FUNDS Allocation--50% to 70% Equity CREF Stock Account (R3) (QCSTIX) The performance shown for Class R3 that is prior to its inception date of 4/24/2015 is based on the Account's Class R1. The inception date of the Account's Class R1 is listed on the Account Class R1's profile page. The performance for these periods has not been restated to reflect the lower expenses of the Class R3. If these lower expenses had been reflected, the performance of the Class R3 for these periods would have been higher. Equities / CREF Variable Annuity 0.33% / 0.33% Expenses (Investment Advisory Expenses, Administrative Expenses, Distribution Expenses (12b-1), Mortality and Expense Risk Charges) are estimated each year based on projected expense and asset levels. Differences between actual expenses and the estimate are adjusted quarterly and are reflected in current investment results. The Account’s total annual expense deduction appears in the Account's prospectus, and may be different than that shown herein due to rounding. Please refer to the prospectus for further details. -5.64% Daily Year-to-Date returns for this investment is as of 6/18/2020. -12.66% 3.06%* 7.17%* 4/24/2015 7/31/1952 4 Stars4 StarsOUT OF 157 FUNDS Allocation--85%+ Equity T. Rowe Price Large Cap Value Fund Class I (TILCX) Equities / Mutual Fund 0.56% / 0.56% -16.67% Daily Year-to-Date returns for this investment is as of 6/18/2020. -18.66% 1.55% 7.41% 3/31/2000 3 Stars3 StarsOUT OF 1108 FUNDS Large Value TIAA-CREF Bond Index Fund (Institutional) (TBIIX) Fixed Income / Mutual Fund 0.11% / 0.11% A contractual arrangement is in place that limits certain fees and/or expenses. Had fees/expenses not been limited ("capped"), currently or in the past, returns would have been lower. This arrangement is scheduled to expire on 7/31/2020. Please see the prospectus for details. 6.04% Daily Year-to-Date returns for this investment is as of 6/18/2020. 8.83% 3.24% 3.75% 9/14/2009 4 Stars4 StarsOUT OF 385 FUNDS Intermediate Core Bond TIAA-CREF Equity Index Fund (Institutional) (TIEIX) Equities / Mutual Fund 0.05% / 0.05% A contractual arrangement is in place that limits certain fees and/or expenses. Had fees/expenses not been limited ("capped"), currently or in the past, returns would have been lower. This arrangement is scheduled to expire on 2/28/2021. Please see the prospectus for details. -3.13% Daily Year-to-Date returns for this investment is as of 6/18/2020. -9.17% 5.75% 10.12% 7/01/1999 4 Stars4 StarsOUT OF 1232 FUNDS Large Blend TIAA-CREF Lifecycle 2010 Fund (Institutional) (TCTIX) The fund's Retirement Class began operations on October 15, 2004. Performance shown prior to the inception of the Institutional Class is based on the performance of the fund's Retirement Class. Performance has not been restated to reflect the lower expenses of the Institutional Class. If the expense differential had been reflected, performance for these periods would have been higher. Multi-Asset / Mutual Fund 0.37% / 0.50% A contractual arrangement is in place that limits certain fees and/or expenses. Had fees/expenses not been limited ("capped"), currently or in the past, returns would have been lower. This arrangement is scheduled to expire on 9/30/2020. Please see the prospectus for details. 0.00% Daily Year-to-Date returns for this investment is as of 6/18/2020. -2.46% 3.26% 5.74% 1/17/2007 5 Stars5 StarsOUT OF 93 FUNDS Target-Date 2000-2010 TIAA-CREF Lifecycle 2015 Fund (Institutional) (TCNIX) The fund's Retirement Class began operations on October 15, 2004. Performance shown prior to the inception of the Institutional Class is based on the performance of the fund's Retirement Class. Performance has not been restated to reflect the lower expenses of the Institutional Class. If the expense differential had been reflected, performance for these periods would have been higher. Multi-Asset / Mutual Fund 0.38% / 0.50% A contractual arrangement is in place that limits certain fees and/or expenses. Had fees/expenses not been limited ("capped"), currently or in the past, returns would have been lower. This arrangement is scheduled to expire on 9/30/2020. Please see the prospectus for details. -0.41% Daily Year-to-Date returns for this investment is as of 6/18/2020. -3.27% 3.30% 6.01% 1/17/2007 4 Stars4 StarsOUT OF 101 FUNDS Target-Date 2015 TIAA-CREF Lifecycle 2020 Fund (Institutional) (TCWIX) The fund's Retirement Class began operations on October 15, 2004. Performance shown prior to the inception of the Institutional Class is based on the performance of the fund's Retirement Class. Performance has not been restated to reflect the lower expenses of the Institutional Class. If the expense differential had been reflected, performance for these periods would have been higher. Multi-Asset / Mutual Fund 0.39% / 0.51% A contractual arrangement is in place that limits certain fees and/or expenses. Had fees/expenses not been limited ("capped"), currently or in the past, returns would have been lower. This arrangement is scheduled to expire on 9/30/2020. Please see the prospectus for details. -0.88% Daily Year-to-Date returns for this investment is as of 6/18/2020. -4.26% 3.41% 6.37% 1/17/2007 5 Stars5 StarsOUT OF 202 FUNDS Target-Date 2020 TIAA-CREF Lifecycle 2025 Fund (Institutional) (TCYIX) The fund's Retirement Class began operations on October 15, 2004. Performance shown prior to the inception of the Institutional Class is based on the performance of the fund's Retirement Class. Performance has not been restated to reflect the lower expenses of the Institutional Class. If the expense differential had been reflected, performance for these periods would have been higher. Multi-Asset / Mutual Fund 0.41% / 0.52% A contractual arrangement is in place that limits certain fees and/or expenses. Had fees/expenses not been limited ("capped"), currently or in the past, returns would have been lower. This arrangement is scheduled to expire on 9/30/2020. Please see the prospectus for details. -1.54% Daily Year-to-Date returns for this investment is as of 6/18/2020. -5.62% 3.41% 6.65% 1/17/2007 4 Stars4 StarsOUT OF 203 FUNDS Target-Date 2025 TIAA-CREF Lifecycle 2030 Fund (Institutional) (TCRIX) The fund's Retirement Class began operations on October 15, 2004. Performance shown prior to the inception of the Institutional Class is based on the performance of the fund's Retirement Class. Performance has not been restated to reflect the lower expenses of the Institutional Class. If the expense differential had been reflected, performance for these periods would have been higher. Multi-Asset / Mutual Fund 0.42% / 0.53% A contractual arrangement is in place that limits certain fees and/or expenses. Had fees/expenses not been limited ("capped"), currently or in the past, returns would have been lower. This arrangement is scheduled to expire on 9/30/2020. Please see the prospectus for details. -2.29% Daily Year-to-Date returns for this investment is as of 6/18/2020. -7.08% 3.40% 6.91% 1/17/2007 4 Stars4 StarsOUT OF 212 FUNDS Target-Date 2030 TIAA-CREF Lifecycle 2035 Fund (Institutional) (TCIIX) The fund's Retirement Class began operations on October 15, 2004. Performance shown prior to the inception of the Institutional Class is based on the performance of the fund's Retirement Class. Performance has not been restated to reflect the lower expenses of the Institutional Class. If the expense differential had been reflected, performance for these periods would have been higher. Multi-Asset / Mutual Fund 0.43% / 0.54% A contractual arrangement is in place that limits certain fees and/or expenses. Had fees/expenses not been limited ("capped"), currently or in the past, returns would have been lower. This arrangement is scheduled to expire on 9/30/2020. Please see the prospectus for details. -3.10% Daily Year-to-Date returns for this investment is as of 6/18/2020. -8.52% 3.37% 7.11% 1/17/2007 4 Stars4 StarsOUT OF 200 FUNDS Target-Date 2035 TIAA-CREF Lifecycle 2040 Fund (Institutional) (TCOIX) The fund's Retirement Class began operations on October 15, 2004. Performance shown prior to the inception of the Institutional Class is based on the performance of the fund's Retirement Class. Performance has not been restated to reflect the lower expenses of the Institutional Class. If the expense differential had been reflected, performance for these periods would have been higher. Multi-Asset / Mutual Fund 0.44% / 0.55% A contractual arrangement is in place that limits certain fees and/or expenses. Had fees/expenses not been limited ("capped"), currently or in the past, returns would have been lower. This arrangement is scheduled to expire on 9/30/2020. Please see the prospectus for details. -3.84% Daily Year-to-Date returns for this investment is as of 6/18/2020. -9.88% 3.30% 7.24% 1/17/2007 4 Stars4 StarsOUT OF 212 FUNDS Target-Date 2040 TIAA-CREF Lifecycle 2045 Fund (Institutional) (TTFIX) Multi-Asset / Mutual Fund 0.45% / 0.56% A contractual arrangement is in place that limits certain fees and/or expenses. Had fees/expenses not been limited ("capped"), currently or in the past, returns would have been lower. This arrangement is scheduled to expire on 9/30/2020. Please see the prospectus for details. -4.57% Daily Year-to-Date returns for this investment is as of 6/18/2020. -11.26% 3.13% 7.12% 11/30/2007 4 Stars4 StarsOUT OF 200 FUNDS Target-Date 2045 TIAA-CREF Lifecycle 2050 Fund (Institutional) (TFTIX) Multi-Asset / Mutual Fund 0.45% / 0.57% A contractual arrangement is in place that limits certain fees and/or expenses. Had fees/expenses not been limited ("capped"), currently or in the past, returns would have been lower. This arrangement is scheduled to expire on 9/30/2020. Please see the prospectus for details. -4.69% Daily Year-to-Date returns for this investment is as of 6/18/2020. -11.41% 3.15% 7.15% 11/30/2007 4 Stars4 StarsOUT OF 212 FUNDS Target-Date 2050 TIAA-CREF Lifecycle 2055 Fund (Institutional) (TTRIX) Multi-Asset / Mutual Fund 0.45% / 0.59% A contractual arrangement is in place that limits certain fees and/or expenses. Had fees/expenses not been limited ("capped"), currently or in the past, returns would have been lower. This arrangement is scheduled to expire on 9/30/2020. Please see the prospectus for details. -4.83% Daily Year-to-Date returns for this investment is as of 6/18/2020. -11.60% 3.17% 5.87% 4/29/2011 4 Stars4 StarsOUT OF 198 FUNDS Target-Date 2055 TIAA-CREF Lifecycle 2060 Fund (Institutional) (TLXNX) Multi-Asset / Mutual Fund 0.45% / 0.71% A contractual arrangement is in place that limits certain fees and/or expenses. Had fees/expenses not been limited ("capped"), currently or in the past, returns would have been lower. This arrangement is scheduled to expire on 9/30/2020. Please see the prospectus for details. -4.96% Daily Year-to-Date returns for this investment is as of 6/18/2020. -11.72% 3.19% 3.80% 9/26/2014 3 Stars3 StarsOUT OF 162 FUNDS Target-Date 2060+ TIAA-CREF Lifecycle Retirement Income Fund (Institutional) (TLRIX) Multi-Asset / Mutual Fund 0.37% / 0.53% A contractual arrangement is in place that limits certain fees and/or expenses. Had fees/expenses not been limited ("capped"), currently or in the past, returns would have been lower. This arrangement is scheduled to expire on 9/30/2020. Please see the prospectus for details. 0.05% Daily Year-to-Date returns for this investment is as of 6/18/2020. -2.51% 3.09% 5.37% 11/30/2007 4 Stars4 StarsOUT OF 511 FUNDS Allocation--30% to 50% Equity TIAA-CREF Money Market Fund (Institutional) (TCIXX) You could lose money by investing in the TIAA-CREF Money Market Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time. Money Market / Mutual Fund 0.14% / 0.14% A contractual arrangement is in place that limits certain fees and/or expenses. Had fees/expenses not been limited ("capped"), currently or in the past, returns would have been lower. This arrangement is scheduled to expire on 7/31/2020. Please see the prospectus for details. 0.41% Daily Year-to-Date returns for this investment is as of 6/18/2020. 1.87% 1.04% 0.54% 7/01/1999 N/A 0 Stars0 Stars Money Market-Taxable 7-day current annualized yield 0.13% as of 6/18/20207-day effective annualized yield 0.13% as of 6/18/2020 You could lose money by investing in the TIAA-CREF Money Market Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time. TIAA-CREF Real Estate Securities Fund (Institutional) (TIREX) Equities / Mutual Fund 0.51% / 0.51% A contractual arrangement is in place that limits certain fees and/or expenses. Had fees/expenses not been limited ("capped"), currently or in the past, returns would have been lower. This arrangement is scheduled to expire on 7/31/2020. Please see the prospectus for details. -6.78% Daily Year-to-Date returns for this investment is as of 6/18/2020. -10.16% 3.35% 9.32% 10/01/2002 5 Stars5 StarsOUT OF 225 FUNDS Real Estate TIAA-CREF Small-Cap Blend Index Fund (Institutional) (TISBX) Equities / Mutual Fund 0.06% / 0.06% A contractual arrangement is in place that limits certain fees and/or expenses. Had fees/expenses not been limited ("capped"), currently or in the past, returns would have been lower. This arrangement is scheduled to expire on 2/28/2021. Please see the prospectus for details. -13.78% Daily Year-to-Date returns for this investment is as of 6/18/2020. -23.89% -0.07% 7.07% 10/01/2002 4 Stars4 StarsOUT OF 623 FUNDS Small Blend Vanguard Mid-Cap Index Fund Institutional (VMCIX) Equities / Mutual Fund 0.04% / 0.04% -6.28% Daily Year-to-Date returns for this investment is as of 6/18/2020. -16.63% 2.10% 8.87% 12/01/2006 5 Stars5 StarsOUT OF 373 FUNDS Mid-Cap Blend The performance data quoted represents past performance, and is no guarantee of future results. Your returns and the principal value of your investment will fluctuate so that your accumulation units or shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted above. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance results would have been lower. Since Inception performance shown is cumulative for funds that have less than one year of performance history. TIAA Traditional Annuity and TIAA Stable Return accumulations are credited with interest based on when contributions and transfers are received, and your performance will reflect your pattern of contributions. The returns shown in the table reasonably represent what an individual making level monthly premiums would have historically earned over the time periods. Returns for different time periods are calculated in two steps: monthly performance returns are calculated from an accumulation created by a series of level monthly premiums over the prior 10 years (or the inception date of the product if later), and those monthly returns are linked together to determine historical performance for each of the return periods shown. Consider the investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other information. Please select the name of a fund above to go to the Fund Profile page that contains the link to the fund's prospectus. Read the prospectus carefully before investing. * The performance shown prior to the investment's inception date (first inception date shown) is based on the performance of the investment's older share class (second inception date shown). The performance for these periods has not been restated to reflect the actual expenses of the newer share class. If the actual expenses had been reflected, the performance for these periods would have been different because of differing expenses 1 Investment results shown here are after all applicable investment, administrative, and distribution expenses The information for Non TIAA-CREF investments herein was obtained from multiple sources: we do not guarantee its accuracy or completeness. Data on TIAA-CREF investments is provided by TIAA-CREF. Morningstar is an independent service that rates mutual funds and variable annuities. Morningstar Rating and Morningstar Style Box and category information (if shown) provided by Morningstar, Inc. ©2018 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Neither TIAA nor its affiliates has independently verified the accuracy or completeness of this information. The Morningstar Rating™ - or “star rating” - is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. The rating is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Where applicable, ratings are based on linked performance that considers the differences in expense ratios. The Morningstar Rating™ is for individual share classes only. Other classes may have different performance characteristics. The information contained in these reports is the proprietary information of Morningstar, Inc., may not be copied or redistributed for any purpose and may only be used for non-commercial, personal purposes. Additionally, Morningstar, Inc. shall not be responsible for investment decisions, damages or other losses resulting from use of this information. Morningstar, Inc. has not granted consent for it to be considered or deemed an 'expert' under the Securities Act of 1933. Key Considerations SAVING NOW & LATER Professionals generally recommend that you contribute 10-15% of your pre-tax income towards retirement. You can start to put away money now for your future to be potentially prepared later. You may be pleasantly surprised at how easy this can be. LAUNCH CALCULATOR Get the matchAre you leaving money on the table? Think about taking advantage of any employer match that's offered. Diversification – balance your portfolio to help manage risk While diversification is a technique to help reduce risk, there is no guarantee that it will protect against a loss of income. Like a balanced diet, it may be a good idea to strive to have a balanced portfolio. We can help you figure out what to do when – and how to make smart financial decisions along the way. Retirement Income PlanningWhatever your retirement dream, it’s important to know what income you will need. Smart investing starts with a solid grasp of the basics. 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  5. I have just been hired by South Carolina after moving from New York and working under NY State retirement system for 17 years. I will be living in SC but I am not sure for how long and don't think I will work here long enough to retire here. So, I have opted for the State Optional Retirement Program (State ORP)and I have been given four company choices: TIAA, VALIC-AIG, METLIFE or MASSMUTUAL. I am wondering which company I should choose. I have done some research but I am still not confident which one I should choose. Thank you for your insight into this.
  6. Good morning, I have been offered to pick a State Optional Retirement Program (State ORP) and can pick from four companies and I am looking for some guidance as to which would be the best company. The four choices are: TIAA, VALIC-AIG, METLIFE or MASSMUTUAL. Thank you for your guidance.
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