In this episode, Greg dives into a recent NBC News article that sheds light on TIAA's controversial strategies to offset losses in their recordkeeping business.

Greg uncovers some disappointing (in his opinion) sales tactics that TIAA reportedly required their wealth managers to adopt. While acknowledging TIAA's longstanding contributions to the retirement planning industry, Greg discusses how recent changes in SEC transparency mandates have forced the company to pivot its retirement plan platforms, leading to a slowdown in revenue from proprietary investments.

To compensate, TIAA has employed, in Greg's view, questionable tactics to boost revenue.

Tune in to this episode to evaluate whether your TIAA wealth manager is truly acting as a fiduciary with your best interests at heart.

NBC New Article referenced in episode....

https://www.nbcnews.com/investigations/tiaa-pushes-costly-retirement-products-cover-losses-whistleblower-rcna161198

TIAA Simplified YouTube Channel

📆 Jump on my calendar to see how we can improve your higher ed retirement plan

Website:

www.safinancialservices.com

email: greg@shepardfinancial.com

Connect w/ us

913-521-2381

*Disclosure* S&A Financial Services, Inc. is a registered investment advisor. Content presented is for informational purposes only and should not be considered as investment advice or as an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Always consult with your tax advisor or attorney regarding your specific situation.

In this episode of "TIAA Simplified," we delve into three critical aspects of TIAA and your Traditional accounts, aiming to provide clarity and actionable insights.

Competence in Financial Advisors:

We kick off by addressing an essential issue for TIAA participants: the competence of your financial advisor. It's crucial to ensure that your independent, fee-only advisor is well-versed in TIAA-specific issues. Does your advisor have an APIN number? This can be a good indicator of their expertise in navigating your TIAA journey effectively.

Understanding Illiquid Contracts:

Next, we highlight the importance of recognizing whether your TIAA Traditional monies are in illiquid contracts. We share a real-life scenario where a TIAA participant discovered just before retirement that a significant portion of her Traditional money was illiquid. This revelation could have derailed her retirement plans, but understanding the nature of illiquid contracts and knowing the right exit strategy can turn this challenge into an advantage. We explain how you can navigate these complexities to protect and optimize your retirement savings.

Lifetime Income vs. 10-Year TPA:

Lastly, we discuss the decision-making process between opting for Lifetime Income versus the 10-Year Transfer Payout Annuity (TPA). Through another real-life example, we illustrate how a TIAA participant, initially skeptical about Lifetime Income, was convinced by the numbers and benefits. We also provide insights into why some independent advisors might urge you to initiate liquidation strategies for your Traditional assets and how to make an informed choice that aligns with your long-term retirement goals.

Tune in to this episode of "TIAA Simplified" to better understand these crucial elements of your TIAA Traditional accounts, ensuring you can make well-informed decisions for a secure and prosperous retirement.

TIAA Simplified YouTube Channel

📆 Jump on my calendar to see how we can improve your higher ed retirement plan

Website:

www.safinancialservices.com

email: greg@shepardfinancial.com

Connect w/ us

913-521-2381

*Disclosure* S&A Financial Services, Inc. is a registered investment advisor. Content presented is for informational purposes only and should not be considered as investment advice or as an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Always consult with your tax advisor or attorney regarding your specific situation.

Welcome to the latest episode of "TIAA Simplified"! In this episode titled "TIAA Membership Program," Greg Shepard introduces an exciting new program designed for those in their accumulation phase—still working towards their retirement goals.

Greg discusses the key features of the membership program, including a one-time account optimization and strategy session utilizing Nitrogen software. Participants will also benefit from quarterly webinars covering general economic and market insights, yearly check-in review appointments, and ongoing email support for general questions.

With a limited capacity of 10-15 participants initially, Greg emphasizes the personalized attention each member will receive. The first 10-15 participants will also be grandfathered into any future price increases, ensuring continued value for early adopters.

Interested in joining the TIAA Membership Program? Reach out to Greg at greg@shepardfinancial.com to learn more and secure your spot today.

Don't miss out on this opportunity to optimize your retirement strategy and gain valuable insights from a seasoned financial expert.

TIAA Simplified YouTube Channel

📆 Jump on my calendar to see how we can improve your higher ed retirement plan

Website:

www.safinancialservices.com

email: greg@shepardfinancial.com

Connect w/ us

913-521-2381

*Disclosure* S&A Financial Services, Inc. is a registered investment advisor. Content presented is for informational purposes only and should not be considered as investment advice or as an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Always consult with your tax advisor or attorney regarding your specific situation.