Friday, October 27, 2006

TIAA-CREF, the tussle continues

So this woman from TIAA-CREF calls up Mary and tells her she can extract some of her money but not all of it. This after the woman in Benefits at Mary's former employer signed off on the transaction. They need to hold on to the employer contribution piece until Mary is 55. Which I was thinking, delusionally, is a long long way off. Thanks again, TIAA-CREF.

Which means we're going to have more accounts: Fidelity, UBS, Smith Barney, TIAA-CREF, Merrill, and BofA. Preposterous.

My friend Matthew says TIAA-CREF is where advisors go when they fail at UBS. Sounds about right.

1 comment:

Unknown said...

I am a part of team that has been investigating TIAA-CREF for some time now. Over the course of this investigation we have uncovered innumerable complaints about TIAA's business practices. We are actively addressing what appear to be improper financial practices within the corporation that affect faculty and staff retirement plans across the country. We would like to hear about your experiences with TIAA-CREF managed retirement plans and discuss ways we can help. Please message me back, or you can reach by email at d.chyatte@mypirl.com or on my cell (661) 282-7376 to discuss