Mary Margaret Shoaf, Ph.D., Associate Professor of Mathematics. (1984-2018).B.A., U. of California, San Diego; M.Div. Investment decisions should be made based on the investors own objectives and circumstances. Contributing even a small amount now can potentially make a big difference by the time you retire. Baylor Clinician Resources provides access to an evolving learning library including On-Demand activities for your convenience that are fully indexed to provide faceted search returns to facilitate locating education for just-in-time learning; support for developing accredited educational programming, resources for professional growth, and an index of clinical trials. Earl L. Grinols, Distinguished Professor of Economics (2004-2022B.A., U. of Michigan; B.S., ibid; Ph.D., Massachusetts Institute of Technology. View your investment options with TIAA here. William Thomas, Professor of Accounting and Business Law and Master Teacher. The Bernard and Anne Spitzer School of Architecture CUNY School of Medicine Colin Powell School for Civic and Global Leadership School of Education The Grove School of Engineering . Here is how it works. 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. One- or two-life annuity with guaranteed period, Qualified Domestic Relations Orders (QDRO), Sales charges, purchase, withdrawal and redemption fees for certain investments. (1981-2017)B.S., Southern Methodist U.; M.S.,ibid. (1988-2009)B.S.E.E., Texas Tech U.; M.S.E.E., Southern Methodist U.; Ph.D.,ibid. Most employers require you to save a certain amount before they will match it when they do, its all extra money! Call 713-798-1000 Monday - Friday 8 a.m. - 5 p.m. ONLINE Request Now Request non-urgent appointments Find a Physician (1970-2015)B.A., U. of Texas; M.A.,ibid. ; Ed.D., U. of North Texas. Dennis ONeal, Professor of Mechanical EngineeringB.S., Texas A&M U.; M.S., Oklahoma State U.; Ph.D., Purdue U. Manuel J. Ortuo, Ph.D., Professor of Spanish. 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. (2004-2020)B.S., Tarleton State U.; M.Ed., ibid. L. Kent Gilbreath, Ph.D., Professor of Economics. ; Ph.D.,ibid. ; Ph.D., Texas Tech U. Philip A. Martin, M.A., Associate Professor of German. (1975-2017)B.F.A., U. of Kansas; M.F.A., Indiana U. Robert B. Kruschwitz, Ph.D., Professor of Philosophy. Password: Use 6 to 20 letters, numbers and/or special characters, Baylor College of Medicine 403(b) Tax Deferred Investment Plan, Baylor College of Medicine 401(a) Retirement Plan, Enrolling is fast and easy: Simply select. Department of Biology B.207 Baylor Science Building One Bear Place #97388 Waco, TX 76798-7388 (254) 710-2911 BU_Biology@baylor.edu Apply Visit Make a Gift Select a retirement plan and begin the enrollment process. R. Michael Rogers, J.D., Professor of Law. There are plenty of options and every investor is different. Read it carefully. Many services are necessary for the day-to-day operation of your employer's retirement plan. (1973-2005)B.B.A., Baylor U.; M.B.A.,ibid. Pittsburgh Theological Seminary; Ph.D., Ohio U. Charles J. Delaney, Associate Professor of Finance, Insurance, and Real Estate. (1978, 1980-2013)A.B., College of the Holy Cross; Ph.D., Tulane U. Michael N. Cassell, Ph.D., Associate Professor of Accounting. Clement T. Goode, Ph.D., Professor of English. (1970-2005)A.B., Washington U.; B.D., Eden Theological Seminary; M.A., State U. of New York; Ph.D., Cornell U. John C. Flynn, Ph.D., Professor of Psychology and Neuroscience. David W. Eldridge, Ph.D., Professor of Biology. Robert Darden, Journalism, Professor of Journalism, Public Relations and New Media (1999-2022)B.A., Baylor U.; M.A., U. of North Texas. Please consult your legal or tax advisor. Ray Bagby, Ph.D., Associate Professor of Entrepreneurship. Withdrawals of earnings are subject to ordinary income tax plus a possible federal 10% penalty if made before age 59. (1968-2011)B.S., Tennessee Technological U.; M.S., Auburn U.; Ph.D.,ibid.Jim Ellor, Professor of Social Work. (2001-2002, 2002-2020)B.S., Baylor U.; J.D., ibid. (1969-2009)B.A., Baylor U.; M.S.W., Louisiana State U; Ph.D., Texas Womans U. Donald R. Edwards, Ph.D., Professor of Management. ; Ph.D., U. of Texas. Patients may choose to wear a mask, or request that staff or physicians wear a mask while in the exam room. (2003-2018)B.S., Texas A&M U.; M.S.,ibid. (1970-2003)B.S., U. of North Texas; M.A., Purdue U.; Ph.D.,ibid. (1974-2006)B.M., U. of Illinois; M.S. These lower risk products offer a guaranteed income that you cant outlive. View your investment options withTIAA here. Review your Welcome Kit carefully to verify the information is correct, including investments and beneficiary information. John "J.T." Find out why.Get to Know Houston. (1985-2005)B.B.A., U. of Texas; M.B.A., U. of North Texas; Ph.D., U. of Arkansas, Fayetteville. D.E. ; Ph.D., Kent State U. Rufus B. Spain, Ph.D., Professor of History. Emeriti Plan View plan details Take charge of your future today. (1988-2020)B.S., U.S. Military Academy, West Point; M.B.A., U. of South Carolina; Ph.D., ibid. Personalized services provide access to a number of plan features and investments that you pay for, only if you use them. If requested before 2 p.m. you will receive a response today. These payments generally are available to individuals who have attained age 55 but have not yet reached RMD Applicable Age and must begin at least one year prior to reaching RMD Applicable age. F. Eugene Tidmore, Ph.D., Professor of Mathematics. Interests in the retirement healthcare program are offered solely by the employer. Do not sell/share my personal information. (2010-2020)B.S., Louisiana State U.; M.S., Purdue U.; Ph.D., U. of North Carolina, Greensboro. Harold W. Osborne, Ph.D., Professor of Sociology and Master Teacher. To obtain vesting information regarding this plan, contact TIAA at 800-842-2252. Faculty Media . Janice M. McCullagh, Ph.D., Associate Professor of Art History and Senior Faculty Member of the Albritton Art Institute. ; Ph.D, ibid. Willis, Ph.D., Professor of Information System. Then, determine your comfort level with risk and reward. A. Dale Allen, Ph.D., Professor of Management. (1979-1999)B.S. . 1968-71. Frauke A. Harvey, Ph.D., Professor of German, Russian and Japanese. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributes securities products. (1981-2001)B.A., St. John's U.; M.A., U. of North Dakota; Ph.D., U. of Missouri. (1970-1974, 1976-2010)B.S.N., Baylor U.; M.S.N., U. of Minnesota; Ph.D., U. of North Texas. Baxter Johns, Ph.D., Professor of Mathematics. Any guarantees under annuities issued by TIAA are subject to TIAA's claims-paying ability. (2003-2018)B.A., U. of Dallas; M.A.,ibid. . TIAA-CREF Individual & Institutional Services, LLC serves as a broker-dealer with respect to underlying mutual funds only, and does not offer, market or sell interests in such plans or otherwise provide broker-dealer services with respect to the interests in such plans. (1981-83, 1985-2001)B.S.N., U. of Texas, Arlington; M.S.N.,ibid. Baylor College of Medicine and Department Summary: Baylor (www.bcm.edu) is recognized as one of the nation's premier academic health science centers and is known for excellence in education, research, and healthcare and community service. Learn ways to save and invest to help you prepare for your retirement. Patricia W. Cook, M.F.A., Professor of Theatre Arts. (1961-1996)B.A., New Mexico Highlands U.; M.A.,ibid. Roger L. Keyes, M.M., Professor of Piano. Faculty who reached the rank of Professor or Associate Professor before retirement, had twenty or more years of full-time college or university-level service (at least the last ten as a faculty member at Baylor), and had an established record of distinction as a teacher/scholar in service to Baylor University. Owen T. Lind, Ph.D., Professor of Biology. Greg Benesh, Professor of Physics. *Guarantees are subject to the claims-paying capability of the insurer. Post Graduate Training: 1967-68. Steve Driese, Professor of Geosciences (2004-2022)B.S., Southern Illinois U.; M.S., U. of Wisconsin-Madison; Ph.D., ibid. Please keep in mind that there are inherent risks in investing. William E. McBride, Ph.D., Professor of Computer Science. 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. The personalized services used most often are: 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. Powered by. If you have not enrolled in the 403(b) Tax-Deferred Investment Plan within 45 days from your date of hire, you will be automatically enrolled in the Plan at a contribution rate of 3% of your pretax eligible earnings. William K. Ghee, Ph.D., Professor of Finance and Insurance. Guarantees are based on the claims-paying ability of the issuer. ; Ph.D., Emory U. Robert S. Baldridge, Ph.D., Professor of Biology. Full-time faculty and staff members who are at least 21 years of age, and have completed one year of service with an accredited college or . (2000-2018)B.A., Wheaton College; M.A., Princeton U.; Ph.D.,ibid. (1994-2017)A.B., George Washington U.; M.A., U. of California, Berkeley; Ph.D.,ibid. (1973-2009)B.A., Southern Methodist U.; M.A., U. of Texas; Ph.D.,ibid. (1989-2017)B.S., Louisiana Tech U.; M.B.A., Ph.D., Mississippi State. 1998-2023 Baylor College of Medicine | One Baylor Plaza, Houston, Texas 77030 | (713)798-4951Have an edit or suggestion for this page? You can leave the tool now and go to Insights to read articles, use tools and see videos that will help you step forward. (1957-1997)B.A., Hendrix College; M.A., Vanderbilt U.; Ph.D.,ibid. Aim to contribute this much (which can include contributions from your employer, if available) throughout your entire working career. View and compare your investment options before you enroll. ; Ed.D.,ibid. ; Ph.D., Texas Woman's U. Helen Shanley, M.M., Professor of Music. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. John D. Martin, Ph.D., Professor of Finance, Insurance, and Real Estate. Contact your HR Benefits Office for additional information and assistance. Protecting your retirement savings through guaranteed annuities. Patricia D. Wallace, Ph.D., Professor of History. By Name By School Faculty Emeriti. (1969-2011)B.S., U. of Texas, El Paso; M.M., U. of North Texas. those enrolled in Medicare but not collecting Social Security ; M.A., Denver Seminary; Ph.D., Texas A&M U. Ann W. Karaffa, Ph.D., Professor of Curriculum and Instruction. (1982-2019)B.A., Baylor U.; M.A., U. of Houston; Ph.D., Northern Illinois U. Darrell S. Vodopich, Ph.D., Associate Professor of Biology. You may have access to these products when you choose your options in enrollment. (1989-2014)B.A., Duke U.; M.S., U. of Cincinnati; Ph.D., Texas A&M U. Eric C. Rust, Professor of History (1984-2022)B.A. (1981-2015)B.S., East Carolina U.; M.A.,ibid. An annual TIAA Plan Servicing Fee of $191 is assessed if you maintain a Retirement Choice and/or Retirement Choice Plus account. Each year UTHealth, The University of Texas MD Anderson Cancer Center, University of Houston - College of Medicine, UTMB-Galveston, and Baylor College of Medicine holds a one-day symposium. The providers above are independent entities and are not legally affiliated. Is there a tax advantage to owning variable annuities versus mutual funds? ; Ph.D., U. of Illinois. Your principal remains intact while you receive the interest. Find out who to contact about enrollment or investing. BCM contributes a 8% base contribution to the Plan and employees automatically receive the base contribution once eligible. 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. (1963-1996)B.S., Pennsylvania State U.; M.A., Ohio State U.; Ph.D.,ibid. Walter C. Holmes, Ph.D., Professor of Biology. 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. ; Ph.D., ibid. Bioinformatics analyst at Baylor College of Medicine and graduate from the Honors College at the University of Houston. TIAA Traditional is a guaranteed insurance contract and not an investment for federal securities law purposes. Institution makes . Mark Anderson, M.F.A., Professor of Art and Art History. (1994-2020)B.S., Julliard School of Music; M.M.,ibid; D.M.A.,ibid. Joseph F. Vlez, Ph.D., Professor of Spanish. The Office of Faculty Affairs & Faculty Development is committed to: Our office oversees administrative matters related to faculty recruitment and appointment, faculty development and promotion, faculty recognition and advancement, faculty evaluation, retention and transitions. Northern Illinois U.; Ph.D., Pennsylvania State U. William A. Mitchell, Ph.D., Professor of Political Science. (1986-2009)A.B., Wabash College; M.S., U. of Notre Dame; Ph.D.,ibid. 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. For IRAs (other than Roth IRAs), your required beginning date is April 1 of the year following the calendar year in which you reach your RMD Applicable Age. This may be restricted by the terms of your TIAA contracts. ; Ph.D., U. of Oklahoma. ;ibid. (1968-1989)B.A., Baylor U.; M.S.Ed.,ibid. (1981-2011)B.S.N., Northern Illinois U.; M.S.N., U. of Tennessee, Knoxville; Ph.D., U. of North Texas. James Kennedy, Associate Professor of Religion (1986-2021)B.A., Palm Beach Atlantic College; M.Div., Southern Baptist Theological Seminary; M.Phil., Drew U.; Ph.D., ibid. Don Greene, Professor of Geosciences (1979-2022)B.S, Texas A&M Commerce; M.S., U. of Oklahoma; Ph.D., ibid. As you get older, more of that money may need to go toward healthcare and other essential expenses. TIAA-CREF Individual & Institutional Services, LLC serves as a broker-dealer with respect to underlying mutual funds only, and does not offer, market or sell interests in such plans or otherwise provide broker-dealer services with respect to the interests in such plans. Paul A. McCoy, M.F.A., Professor of Art, Ceramist-in-Residence and Director of The Allbritton Art Institute. For employer-sponsored retirement plans, your required beginning date is April 1 of the year following the calendar year in which you reach your RMD Applicable Age or retire from the plan sponsor, if later. Many financial planners estimate that youll need 80-90% of your pre-retirement income to maintain your lifestyle in retirement. William R. Reichenstein, Ph.D., Professor of Finance. Both options receive favorable tax treatment under the plan. General record keeping and other plan services. (1958-2019)B.S., Ohio State U.; M.A.,ibid. Terry M. Roller, M.F.A., Professor of Art. America's fourth largest city is a great place to live, work and play. It is possible to lose money by investing in securities. ; Ph.D., U. of Michigan. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributes securities products. New bivalent COVID-19 vaccines and flu vaccines are available for patients with Baylor Medicine Primary Care Providers. Schedule time with a financial professional to get help with your financial goals. Dr. Irwin Yellowitz Last Updated: 04/08/2019 14:37. More information about retirement plan fees and expenses is available at TIAA.org/fees. ; Ph.D.,ibid. McCormick Theological Seminary; D. ; M.F.A., Cranbrook Academy of Art. (1978-2020)B.S., Denison U.; M.S., Baylor U.; Ph.D., Southern Methodist U. ; Ph.D., Texas A&M U. Gary Hardie, Professor of Cello and Coordinator of Strings (1981-2021)B.S., Duke U.; M.F.A., California Institute of the Arts; D.M.A., U. of Iowa. (1990-2014)B.A., U. of South Carolina; M.A.,ibid. Call today to schedule an appointment or fill out an online request form. If you were born in 1959, federal guidance is needed to determine if your RMD Applicable Age is 73 or 75. ; D.M., Florida State U. Robert W. Vargas, Ph.D., Professor of Computer Science. You may also review your existing accounts and make transactions online by logging into your secure account. ; Ph.D. U. of Georgia. Johanna Guenther, Ph.D., Associate Professor of Nursing. Summary Plan DescriptionOpens pdf in new window. Contribute the maximum annual amount to your retirement savings. foundation of Medicarethe Emeriti Health Insurance Plan Optionsa range of plan options, including Medicare-approved Part D prescription drug coverage. 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. Faculty who reached the rank of Professor or Associate Professor before retirement, had twenty or more years of full-time college or university-level service (at least the last ten as a faculty member at Baylor), and had an established record of distinction as a teacher/scholar in service to Baylor University. During enrollment, once you choose your contribution amount, you can direct your contributions to a range of investment options. The City College of New York 160 Convent Avenue New York, NY 10031 p: 212.650.7000. B.A., Furman U.; M.Div., Southeastern Baptist Theological Seminary; Ph.D., U. of Cambridge. Richard Shanley, D.M.A., Professor of Music. 1998-2023 Baylor College of Medicine | One Baylor Plaza, Houston, Texas 77030 | (713)798-4951Have an edit or suggestion for this page? (1956-1995)B.S., Auburn U.; M.A., U. of Alabama. (1974-1997)B.A., Biola College; B.D., California Baptist Theological Seminary; M.A., U. of Southern California; Ph.D.,ibid. Dennis Johnston, Professor of Statistical Science (2003-2021)B.S., U. of Texas, Arlington; M.S., U. of Texas; Ph.D., Texas Tech U. Jerry Johnson, Professor of Marketing (1974-2021) B.B.A., Baylor U.; M.B.A., ibid. David Swenson, J.D., Professor of Law and the George G. Kelly Professor of Law. (1971-2016)B.S., Furman U.; Ph.D., Vanderbilt U. Deborah Johnston, Associate Professor of Health, Human, Performance and Recreation (1981-1987, 1988-2021)B.A., Northwest Missouri State U.; M.S.Ed., Baylor U., Ed., U. of Arkansas. ; Ph.D., U. of Minnesota. Peter Allen, Professor of Geosciences. (1975-2018)B.A., Baylor U.; M.Div., Vanderbilt Divinity School; Ph.D., Vanderbilt U. Robert Piziak, Ph.D., Professor of Mathematics. Sharp, Ph.D., Professor of Curriculum and Instruction. Pre-Medicine. Joseph A. McKinney, Ph.D., Emeritus Professor of International Economics and Senior Research Fellow in the McBride Center for International Business. (1990)B.A., Baylor U.; M.Ed., U. of North Texas; Ed.D.,ibid. What are the benefits of owning mutual funds? The most you can contribute in 2023 is $22,500 per IRS rules. Studying biology at Baylor is a journey that will give you a new perspective on the world. Professional development opportunities are available for every stage of your career. Donald L. Hardcastle, Ph.D., Professor of Physics. However, diversification doesn't guarantee against loss. Retirement annuities can help replace your salary with monthly income thats guaranteed for life. schedule an appointment with a TIAA investment professional or attend a seminar. Your own Plan account may earn more or less than this example. Endowed Chairs and Professorships. For more information about the terms of your individual contract, contact your plan sponsor or financial advisor. How do I find an online Notary? David Hendon, Ph.D., Professor of History. For help and advice, call us anytime at800-842-2252. Paul Z. Kemp, M.F.A., Professor of Art. Western Illinois U.; M.S., U. of Missouri, Rolla; Ph.D.,ibid. Investing involves risk, including risk of loss. You can increase, decrease or suspend the payments at any time. (1966-2000)B.A., Wake Forest U.; B.D., Southeastern Baptist Theological Seminary; Th.M.,ibid. There are a number of important differences between mutual funds and annuities when they are offered under a retirement plan. Faculty Affairs & Development organizes workshops on topics such as teaching in different environments, communication skills, curriculum design and more. Is there a tax advantage to owning variable annuities versus mutual funds? 6.3% increase for Dental Plan. Fees should be just one factor in your decision-making process since the lowest cost option may not be the best one for you. (1986-2011)B.S., Texas Woman's U.; M.Ed., Sam Houston State U.; Ph.D., Texas Woman's U. Charles S. Madden, Ph.D., Professor of Marketing. (1973-2011)B.A., Baylor U.; M.A.,ibid. (1956-1957, 1964-1998)B.S., Oklahoma Baptist U.; M.A., Vanderbilt U.; Ph.D.,ibid. Linda F. Garner, Ph.D., Professor of Nursing. Pauline T. Johnson, Ph.D., Professor of Nursing. George Gawrych, Professor of History. (1987-2007)B.S., Baylor U.; M.A., U. of Texas; Ph.D.,ibid. (1981-1997)B.S., U. of Kentucky; M.B.A., Syracuse U.; Ph.D., U. of Pennsylvania. (1984-2017)B.S., The Ohio State U.; M.S.,ibid. (1981-2018)B.S., New Mexico Institute of Mining and Technology; M.S.,ibid. Have an edit or suggestion for this page. ; Ph.D., Pennsylvania State U. J. William Petty, Ph.D., Professor of Finance, Holder of The W.W. Caruth Chair of Entrepreneurship, and Master Teacher. W. Keith Hartberg, Ph.D., Professor of Biology. Your plan may distribute your entire balance if the value does not exceed $2,000. Letter of Request from head of Academic Unit that includes a summary of the candidates contributions to the College, 2. ), Lamar U.; M.S. Call today to schedule an appointment or fill out an online request form. Tillman B. Rodabough, Ph.D., Professor of Sociology. Southwestern Baptist Theological Seminary; Ph.D., Baylor U. Weldon E. Beckner, Ed.D., Professor of Educational Leadership. The TIAA group of companies does not provide legal or tax advice. Mary P. Nichols, Ph.D., Professor of Political Science. Think about these three easy things you can do to keep your momentum & finish strong: Taking advantage of any new plans or matches your employer may offer. Dr. Payments from variable accounts will fluctuate based on investment performance. This will help guide which investments you choose. (1987-2002)B.S.N., Baylor U.; M.S., U. of Colorado; Ph.D., U. of Wyoming. (E.E. Or you can decide to receive income for a certain number of years or take a cash withdrawal (depending on your plans provisions). You can also contact us online. An annuity is an insurance contract with one or more fixed-rate and variable investment options. When you enroll online, you create an individual account where you can view your balances, change your investment mix, make transfers and other transactions. Patricia A. (2004-2017)B.A., Newcomb College of Tulane U.; M.A., U. of Kansas; Ph.D., U. of Virginia. Mary L. Herrington, Ed.D., Associate Professor of Curriculum and Instruction. (1990-2005)B.S., Northwestern State U., of Louisiana; M.S.N.,ibid. Keep in mind: You may need to complete the required form found at Baylor College of MedicineOpens in a new window to tell your employer how much money you want taken out of each paycheck. (1981-2008)B.A., Amherst College; M.A., U. of Massachusetts; Ph.D.,ibid. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Lawrence G. Felice, Ph.D., Professor of Sociology. (2000-2016)B.A., Georgetown College; Ph.D., U. of Texas. Otherwise, mutual funds and annuities are treated very similarly when offered as part of your employers retirement plan. ; Ph.D., Iowa State U. Jerry Waltman, Ph.D., The R. W. Morrison Professor of Political Science (2003-2020)B.A. Ron Stanke, Ph.D., Associate Professor of Mathematics. Substance Abuse View All Clinical Trials General Inquiries Call today to schedule an appointment or fill out an online request form. The campus, targeted for a 2023 . Martha L. Sanford, Ph.D., Associate Professor of Nursing. Howard L. Rolf, Ph.D., Professor of Mathematics. The Office of Faculty Affairs & Faculty Development provides learning programs, conferences and other resources for Baylor faculty members. (1989-2004)B.F.A., Drake U.; M.A., U. of Iowa; Ph.D., U. of Texas. (1965-2008)B.A., Peru State College; M.A., Oklahoma State U.; Ph.D., U. of Maryland. However, diversification doesn't guarantee against loss. If you do not maintain a Retirement Choice and/or Retirement Choice Plus account and therefore no TIAA Plan Servicing Fee was assessed, your investment revenue share credit will be reduced by the amount of the fee inorder to cover plan administrative services expenses. (1963-1999)B.A., Sul Ross State College; M.A., Columbia U.; M.F.A., U. of Texas. To recap, here's what you'll want to think about when you enroll: Think how long your retirement savings will need to last. It's complimentary, thanks to your employer. Mutual funds offer systematic withdrawals. Martha J. Bradshaw, Ph.D., Professor at Louise Herrington School of Nursing. This material is for informational or educational purposes only and does not constitute fiduciary investment advice under ERISA, a securities recommendation under all securities laws, or an insurance product recommendation under state insurance laws or regulations. William Hair, Associate Professor and Associate Dean and Director, Central University Libraries (1994-2021)B.S., U. of Tennessee; M.Div., Mid-America Baptist Theological Seminary; M.L.S., Vanderbilt U. D. Thomas Hanks, Jr., Ph.D., Professor of English and Master Teacher. ; M.Div. ; Ph.D., U. of Texas, Arlington. Check your investment mix. Make a selection before beginning enrollment. Robert T. Doty, Ph.D., Professor of Mechanical Engineering. 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.