Are there any tax advantages to investing with TIAA-CREF?
Asked a year ago
Yes, investing with TIAA-CREF offers several tax advantages. Firstly, contributions to TIAA-CREF retirement accounts, such as 401(k)s and IRAs, are tax-deductible, helping to reduce taxable income for the year. Secondly, earnings in these accounts grow tax-deferred, meaning there will be no tax on the investment gains until withdrawal. Additionally, certain TIAA-CREF investment options, like annuities, provide the option for tax-free growth. Lastly, when it comes time to retire and withdraw funds, TIAA-CREF offers a variety of distribution options that can help minimize taxes. For example, taking periodic payments rather than a lump sum may help spread out the tax burden. It is important to note that taxes can be complex and everyone's situation is unique, so it is advisable to consult with a tax professional for personalized advice.
Need further help?
Type out your followup or related question and we will get you an answer right away.
Similar Questions
What is TIAA-CREF?What are the fees associated with TIAA-CREF's services?What types of investment options does TIAA-CREF offer?Does TIAA-CREF offer any financial planning services?What happens to my TIAA-CREF account if I change jobs?Can I take out a loan from my TIAA-CREF account?Can I transfer funds from my current retirement account to TIAA-CREF?
Need to call TIAA-CREF?
If you need to call TIAA-CREF customer service, now that you have the answers
that you needed, click the button below. You can either call them on your phone or use our
free AI-powered phone to dial for you, get a rep for you, and more.
Call TIAA-CREFTIAA-CREF
Find a list of many popular TIAA-CREF questions with answers or step by step guides on our FAQ page below. Or ask a whole new question and get an answer right away.
Call TIAA-CREFTIAA-CREF Customer Service FAQAsk a QuestionWas this page helpful?YesNeeds work
Sharing is what powers GetHuman's free customer service contact information and tools. You can help!