2021 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, 730 Third Avenue, New York, NY 10017. Teachers Insurance and Annuity Association (TIAA) will provide services to the plan and may issue plan communications on behalf of the plan sponsor, in its capacity as a plan recordkeeper. This fee will be deducted proportionally from each investment in your account Quarterly and identified as "TIAA Plan Servicing Fee" on your statements. Plan Basics Bob E. Patterson, Ph.D., Distinguished Professor of Religion. Frauke A. Harvey, Ph.D., Professor of German, Russian and Japanese. ; Ph.D., U. of Michigan. Investing in this manner does not ensure a profit or guarantee against loss in declining markets. Mark Anderson, M.F.A., Professor of Art and Art History. (1983-2015)B.A., Southeastern U.; M.A., U. of Alabama; Ph.D., U. of Nebraska, Lincoln. The following three categories of services are provided to your plan: 1. (1981-1997)B.A., Baylor U.; M.A., Southern Methodist U.; Ph.D., Texas Womans U. Phyllis S. Karns, Ph.D., Professor of Nursing. Investment decisions should be made based on the investors own objectives and circumstances. Consider adding annuities1 to your retirement plan so you can create a foundation of guaranteed monthly income for life when you stop working. No, there is no tax advantage to owning variable annuities or mutual funds in your TIAA-funded retirement plan. (1970-1987)B.S.N., U. of Pittsburgh; M.S., Texas Woman's U. William V. Davis, Ph.D., Professor of English and Writer-in-Residence. F. Eugene Tidmore, Ph.D., Professor of Mathematics. (1974-2006)B.M., U. of Illinois; M.S. (1988-2009)B.S.E.E., Texas Tech U.; M.S.E.E., Southern Methodist U.; Ph.D.,ibid. Donald L. Gaitros, Ph.D., Professor of Computer Science. 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. Or you can decide to receive income for a certain number of years or take a cash withdrawal (depending on your plans provisions). (1990)B.S., Abilene Christian U.; M.B.A., U. of Texas; Ph.D.,ibid. ; Ph.D., U. of Oklahoma. We offer several services in order to prepare students for the often rigorous journey in becoming a doctor, including: Premedicine students are encouraged to select a major in which they feel they will . (1981-1997)B.S., U. of Kentucky; M.B.A., Syracuse U.; Ph.D., U. of Pennsylvania. Baylor College of Medicine, one of the top-ranked medical schools in the country, is well known for its exceptional, innovative, and collaborative research environment. ibid. ; Ph.D., U. of Florida. (1967-2014)B.A., U. of Texas; Ph.D.,ibid. Institute for Clinical & Translational Research, Feedback - Meeting the Obligation to Our Learners, Compact Between Teachers, Learners, and Educational Staff, Office of Title IX and Gender Discrimination, Comprehensive Academic Management System (CAMS), Faculty Performance Assessment and Development Planning, National Council for State Authorization Reciprocity Agreements, Coach Training for Healthcare Leaders Program. Mutual funds offer systematic withdrawals. Waco, Texas, BaylorUniversity Waco,Texas76798 1-800-229-5678, Departmental Resources: Tenure & Promotion, Evaluation, Tenure, Promotion, and Compensation, Policies and Procedures Related to Employment at Baylor, Course Actions, Revisions and New Proposals, BUPP 706 Faculty Workload and Merit Evaluation, BUPP 717 Academic Credentials for Faculty and Graduate Teaching, Strategic Enrollment Management (SEM) Plan, Baylor/Xavier University Exchange Program, Discipline-Specific Diversity, Equity, Inclusion, & Belonging Training and Education Proposals, HR Resources for Managers & Academic Leaders, Electronic Course Action System (ECAS) User's Guide, Robbins College of Health and Human Sciences, George W. Truett Theological Seminary Admissions. Teachers Insurance and Annuity Association of America is domiciled in New York, NY, with its principal place of business in New York, NY. J. T. Powers, Ed.D., Professor of Health, Human Performance and Recreation. No, there is no tax advantage to owning variable annuities or mutual funds in your TIAA-funded retirement plan. An annuity is an insurance contract with one or more fixed-rate and variable investment options. Patricia W. Prewitt, Ph.D., Professor of Educational Psychology. (1998-2017)B.S., Louisiana Tech U.; M.B.A.,ibid. 1998-2023 Baylor College of Medicine | One Baylor Plaza, Houston, Texas 77030 | (713)798-4951Have an edit or suggestion for this page? As a Baylor Medicine patient, you'll have access to exclusive clinical trials, leading-edge procedures, and the brightest minds in medicineall working together to provide you with more options . (1995- 2001)B.S., Baylor U.; M.S. (1981-1998)B.S., Texas A&M U.; M.S., Arizona State U.; Ph.D.,ibid. Donald L. Hardcastle, Ph.D., Professor of Physics. Don Greene, Professor of Geosciences (1979-2022)B.S, Texas A&M Commerce; M.S., U. of Oklahoma; Ph.D., ibid. (1974-2010)B.S., Florida Atlantic U.; Ph.D., Florida State U. Marianna S. Busch, Ph.D., Professor of Chemistry. (1967-2005)B.S. Pre-Medicine. William Jordan, Professor and Chair of Mechanical Engineering (2005-2021)B.S., Colorado School of Mines; M.S., ibid. Joseph F. Vlez, Ph.D., Professor of Spanish. If you make a withdrawal prior to age 59, you may be subject to a 10% penalty in addition to ordinary income tax. These lower risk products offer a guaranteed income that you cant outlive. Consult an attorney or tax professional regarding your specific situation. There are several technology companies that offer end-to-end notarization systems. ; Ed.D., Texas Womans U. Patrick L. Odell, Ph.D., Professor of Mathematics. (1957-1988)B.A., Mississippi College; M.A., Vanderbilt U.; Ph.D.,ibid. Its California Certificate of Authority number is 6992. You can also contact us online. During enrollment, once you choose your contribution amount, you can direct your contributions to a range of investment options. Martha L. Sanford, Ph.D., Associate Professor of Nursing. | (1989-2018)B.A., Baylor U.; M.Ed., U. of Texas; Ph.D., ibid. Roger E. Kirk, Ph.D., Distinguished Professor of Psychology and Statistics and Master Teacher. Letter of Request from head of Academic Unit that includes a summary of the candidates contributions to the College, 2. Most employers require you to save a certain amount before they will match it when they do, its all extra money! (1983-2003)B.S., Eastern New Mexico U.; M.S.,ibid. Patricia W. Cook, M.F.A., Professor of Theatre Arts. Login now. (1977-2020)B.A., Vanderbilt U.; M.A., Emory U., Ph.D., ibid. Equal Housing Lender. (1968-2000)B.M., Morningside College Conservatory of Music; M.M., Indiana U.; D.M.A., U. of Arizona. These contributions will be automatically invested in the State Street Target Retirement Funds Class K with Fidelity unless you choose another investment at Fidelity or TIAA. Update my fund choices or provider to help meet my financial goals. William L. Pitts, Jr., Ph.D., Professor of Religion. (1971)B.B.A., Baylor U.; M.B.A., U. of Southern California; D.B.A.,ibid. Martin Medhurst, Distinguished Professor of Rhetoric and Communication (2003-2021)B.A., Wheaton College; M.A. (1980-2008)B.S., Virginia Polytechnic Institute and State U.; M.S.,ibid. As for income options, annuities offer you the opportunity for lifetime income with or without guaranteed payments for a fixed time period*. Each is solely responsible for its own financial condition and contractual obligations. George Gawrych, Professor of History. BCM contributes a 8% base contribution to the Plan and employees automatically receive the base contribution once eligible. Before investing, consider the investment objectives, risks, charges, and expenses of the fund or annuity and its investment options. 1998-2023 Baylor College of Medicine | One Baylor Plaza, Houston, Texas 77030 | (713)798-4951Have an edit or suggestion for this page? (1963-1999)B.A., Sul Ross State College; M.A., Columbia U.; M.F.A., U. of Texas. David Swenson, J.D., Professor of Law and the George G. Kelly Professor of Law. ; D.B.A., U. of Colorado; Ph.D.,ibid. (1987-2002)B.S.N., Baylor U.; M.S., U. of Colorado; Ph.D., U. of Wyoming. In some cases, an investment provider may pay a portion of an investment's expense ratio to TIAA, the recordkeeper, to help offset the cost of plan administration. Kris K. Moore, Ph.D., Professor of Statistics and Quantitative Business Analysis. Taxes and penalties may apply. Tillman B. Rodabough, Ph.D., Professor of Sociology. Strategic Plan 2024-2028; Strategic Plan 2012-2017; Strategic Plan 2006-2011; Informatics and Information Technology Strategic Roadmap; . (BCM Login Required). Baxter Johns, Ph.D., Professor of Mathematics. If you're already enrolled, log in to your secure account from the login button at the top of the home page of this site. (1972-2018)B.M., Florida State U.; M.M.E., George Peabody College; D.M, Florida State U. Dovalee Dorsett, Ph.D., Professor of Statistics and Quantitative Business Analysis. Mary Ellen Davenport, M.S., Assistant Professor of Nursing. There are a number of important differences between mutual funds and annuities when they are offered under a retirement plan. ; Ph.D., U. of Kansas. 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). Associate Professor of Otolaryngology, New York Medical College. ; Ph.D.,ibid. 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 . Your contributions will be automatically invested in the State Street Target Retirement Funds Class K with Fidelity unless you choose another investment at Fidelity or TIAA. There are often lots of complex rules and regulations, and it can be hard to figure out what plans & benefits youre eligible for or which investments are available to you. 2021 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, 730 Third Avenue, New York, NY 10017. Payments from variable accounts will fluctuate based on investment performance. 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. (2004-2020)B.S., Tarleton State U.; M.Ed., ibid. Username: Your username (up to 15 characters) can be a customer ID that you've chosen or your Social Security number (SSN). 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. A set amount your beneficiary(ies) will receive from your retirement account if you die before taking income. Fees should be just one factor in your decision-making process since the lowest cost option may not be the best one for you. If your plan permits, you can withdraw some of the money you've put in over the years (but not earnings) due to financial hardship, such as medical or funeral expenses, while still employed. S. Kay Toombs, Ph.D., Associate Professor of Philosophy. Charles H. Talbert, Ph.D., Distinguished Professor of Religion. Edwin P. Oxford, Ph.D., Professor of Mathematics. Rayzor Lounge, Noon-3 p.m. Research Compliance Services offers educational opportunities forindividuals engaged in research at Baylor, from those new to research to seasoned investigators, and anyone needing a "refresher," or an update on current regulatory or institutional requirements. 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. Paul Z. Kemp, M.F.A., Professor of Art. Naymond H. Keathley, Ph.D., Professor of Religion. The TIAA group of companies does not provide legal or tax advice. Randy Wood, Professor of Curriculum and Instruction (1985-2021) B.A., Baylor U.; M.Div., Southwestern Baptist Theological Seminary; M.Ed., Texas Christian U.; Ph.D., Baylor U. Pat Neff Hall, Suite 109 Strive for a smart balance of aggressive and conservative investments that fit your needs. Faculty Senate. An annual TIAA Plan Servicing Fee of $191 is assessed if you maintain a Retirement Choice and/or Retirement Choice Plus account. (1990-2005)B.S., Northwestern State U., of Louisiana; M.S.N.,ibid. Steve Driese, Professor of Geosciences (2004-2022)B.S., Southern Illinois U.; M.S., U. of Wisconsin-Madison; Ph.D., ibid. Kathy Whipple, Ph.D., Professor of Communication Sciences and Disorders. Emeriti Plan Plan overview; 401(a) Retirement Plan 403(b) Tax-Deferred Investment Plan . 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 William Thomas, Professor of Accounting and Business Law and Master Teacher. Both options receive favorable tax treatment under the plan. Take advantage of your jobs retirement benefits. William A. These costs are allocated to each participant in a uniform way. Lee R. Polk, Ph.D., Professor of Communication. 1329 S. 7th Street Investing involves risk, including risk of loss. By Name By School Faculty Emeriti. Does it still make sense in relation to your age and lifestyle? Is there a tax advantage to owning variable annuities versus mutual funds? Rose, Ph.D., Professor of Finance, Insurance, and Real Estate. Delton L. Chesser, Ph.D., Professor of Accounting. ; M.A., Denver Seminary; Ph.D., Texas A&M U. Ann W. Karaffa, Ph.D., Professor of Curriculum and Instruction. William F. Cooper, Ph.D., Professor of Philosophy. Richard Shanley, D.M.A., Professor of Music. Rotating Internship in General Surgery, Internal Medicine, Obstetrics and Gynecology at the Government General Hospital, Madras, India. They offer several payment options, including lifetime income. Have an edit or suggestion for this page? Your employer will typically allow you to withdraw funds once you've reached 62. are eligible to submit an abstract for presentation as a virtual poster display at the showcase. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Helen Harris, Ph.D., Associate Professor of Social Work. (1956-1995)B.S., Auburn U.; M.A., U. of Alabama. Now is a great time to understand what is offered - think about taking advantage of any opportunities to save and invest for the future. 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. (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. Elizabeth S. Githens, M.A., Professor of English. ; Ph.D., U. of Texas. They offer several payment options, including lifetime income. For help and advice, schedule an appointment with a TIAA investment professional or attend a seminarOpens in a new window. For financial guidance, call 800-842-2252 to speak to a TIAA financial consultant. David M. Guinn, L.L.M., Professor of Law and Master Teacher. (1994-2020)B.S., Julliard School of Music; M.M.,ibid; D.M.A.,ibid. Janelle Walter, Ph.D., Professor of Family and Consumer Sciences. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Supporting professional development, academic progression and career advancement of Baylor College of Medicine faculty members through their faculty life cycle; Enhancing faculty effectiveness as educators, clinicians, investigators, administrators and leaders; Partnering with the departments, College leaders and the Faculty Senate. How do I find an online Notary? Frank H. Mathis, Ph.D., Professor of Mathematics. those enrolled in Medicare but not collecting Social Security 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. Any guarantees under annuities issued by TIAA are subject to TIAA's claims-paying ability. The City College of New York 160 Convent Avenue New York, NY 10031 p: 212.650.7000. L. Joseph Achor, Ph.D., Associate Professor of Psychology and Neuroscience. Louisiana Tech U.; M.A., U. of Denver, Ph.D.; Indiana U. Ken-Hsi Wang, Ph.D., Professor of Physics. In order to more easily transition into retirement, you may be able to withdraw up to 10%, in cash, of your lifetime annuity income. (1982-2020)B.A., Rice U.; M.S., Northwestern U.; M.S., Baylor U.; Ph.D., Northwestern U. Rena Bonem, Ph.D., Professor of Geosciences. The TIAA group of companies does not provide legal or tax advice. W. Keith Hartberg, Ph.D., Professor of Biology. Baylor College of Medicine fosters diversity among its students, trainees, faculty, and staff as a prerequisite to accomplishing our institutional mission and setting standards for excellence in training healthcare providers and biomedical scientists, promoting scientific innovation, and providing patient-centered care. Emeriti Retirement Health Solutions is not an insurance company, insurance broker or insurance provider. (1981-2014).B.A., Connecticut College; Ph.D., Yale U. Barbara L. Bennett, Ph.D., Professor of Music Education. (2001-2002, 2002-2020)B.S., Baylor U.; J.D., ibid. Teachers Insurance and Annuity Association of America is domiciled in New York, NY, with its principal place of business in New York, NY. B.A., U. of Michigan; M.A., ibid. Payments stop at the end of the period, during which you will have received all your principal and earnings. Is there a tax advantage to owning variable annuities versus mutual funds? (2000-2020)B.A., Austin College; M.M., Cleveland Institute of Music. ; Ph.D., U. of Minnesota. Interests in the retirement healthcare program are offered solely by the employer. (1989-2017).B.A., Baylor U.; M.R.E., Southwestern Baptist Theological Seminary; Ed.D., U. of North Texas. 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. (2005-2020)B.S., Baylor U.; M.S., Texas Tech U.; Ph.D., ibid. ; Ph.D., Kent State U. Rufus B. Spain, Ph.D., Professor of History. Reviewing your current investment mix to see if you need to rebalance your portfolio as you near retirement. Delta R. Hafford, Ph.D., Associate Professor of Family and Consumer Sciences. (1989-2002)B.A., U. of Texas; M.A.,ibid. (1969-2011)B.A., New Mexico State U.; M.M., U. of North Texas; D.M.A.,ibid. (1973-2009)B.A., Texas Womans U.; M.L.S.,ibid. Bruce Berg, D.M.A., Professor of Violin. Please refer to your contract or certificate for full details or contact us at. When we turn 65, theres an 80% probability that well live to 80, and a 27% chance well reach 95.*. 3. (1985-2005)B.S., Southern Methodist U.; M.S.,ibid., Ph.D.,ibid. Make a selection before beginning enrollment. Member FDIC. (1986-2005)B.M., Peabody Conservatory of Music; M.M.,ibid. (1966-2000)B.A., Wake Forest U.; B.D., Southeastern Baptist Theological Seminary; Th.M.,ibid. (1961-2011)B.A., Baylor U.; M.A.,ibid. Retirement annuities can help replace your salary with monthly income thats guaranteed for life. Mutual funds offer diversification, professional management, relatively low investment minimums and fees, and a range of choices among different asset classes. Richard E. Duhrkopf, Ph.D., Associate Professor of Biology. (1982-2011)B.S., Southern Arkansas U.; M.S., Louisiana Tech U.; Ph.D., New Mexico State U. 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. (1981-83, 1985-2001)B.S.N., U. of Texas, Arlington; M.S.N.,ibid. (2001-2012)B.S.N., Valdosta State U.; M.S.N., Troy State U.; D.S.N., U. of Alabama, Birmingham. (1978-2016).B.A., U. of California at Los Angeles; M.A.,ibid. Interests in the retirement healthcare program are offered solely by the employer. (1971-1986)B.M.E., U. of Oklahoma; M.M.,ibid. . (1976)B.A., Berea College; M.A., Michigan State U.; Ph.D.,ibid. Powered by. Its California Certificate of Authority number is 3092. Your plan may distribute your entire balance if the value does not exceed $2,000. America's fourth largest city is a great place to live, work and play. Emeriti, TIAA-CREF, Savitz, Aetna Life Insurance Company, and HealthPartners are independent corporations and are not legally affiliated. ; Ph.D., U. of California at Irvine. (1969- 2003)B.A., Louisiana State U.; M.A.,ibid. Charles M. Tolbert, Ph.D., Professor of Sociology. (1990-2014)B.A., U. of South Carolina; M.A.,ibid. (1989-2015)B.F.A., U. of Texas; M.F.A., Cornell U. John Van Cura, D.M., Professor of Vocal Studies. Roger Olson, Professor of Theology, Truett Seminary (1999-2021)B.A., Open Bible College; M.A., North American Baptist Seminary; M.A., Rice U.; Ph.D., ibid. For help and advice, call us anytime at800-842-2252. There are a number of important differences between mutual funds and annuities when they are offered under a retirement plan. Make a selection before beginning enrollment. Krassimira Jordan, Professor of Piano (1989-2021)Diploma, Sofia Conservatory of Music; M.M.A., Vienna Academy of Music and Dramatic Arts. You can leave the tool now and go to Insights to read articles, use tools and see videos that will help you step forward. Think about using the Retirement Advisor ToolOpens in a new window to get more insights or call one of our experienced financial consultants to discuss more options at 800-842-2252. 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 most you can contribute in 2023 is $22,500 per IRS rules. (2004-2012)B.S.N., Baylor; M.S.N., U. of Texas; Ph.D.,ibid. ; D.B.A., Indiana U. Michael W. Mansfield, Ph.D., Professor of Political Science. If 10-15% is an amount you can't afford right now, contribute as much as you can comfortably afford. Payments from variable accounts will fluctuate based on investment performance. Faculty Media . ; Ed.D.,ibid. 401(a) Retirement Plan does not offer a loan feature. (Hon. Earl L. Grinols, Distinguished Professor of Economics (2004-2022B.A., U. of Michigan; B.S., ibid; Ph.D., Massachusetts Institute of Technology. Select a retirement plan and begin the enrollment process. Baylor has the lowest tuition rates among all private medical schools in the country ($29,900), resulting in an average student-loan debt of $108,136that's $95,000 less than the average for U.S. medical school graduates from private schools and $72,000 less than medical school graduates from public schools, counting medical schools that . TIAA Traditional is a guaranteed insurance contract and not an investment for federal securities law purposes. Baylor College of Medicine contributes 8% of your base annual earnings to the plan. ; Ed.D.,ibid. (1993-2007)B.S., Texas A&M U., Commerce; M.A., U. of California, Los Angeles; Ph.D., U. of Illinois. (1984-2017)B.S., The Ohio State U.; M.S.,ibid. Julian F. Watkins II, Ph.D., Professor of Biology. As for income options, annuities offer you the opportunity for lifetime income with or without guaranteed payments for a fixed time period*. 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. 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.
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