Reminder from TIAA: Have you updated your retirement plan beneficiary designation lately?

You control where your inheritance goes. When was the last time you checked the beneficiary information in your retirement account? This is separate from your Life Insurance Beneficiary and is updated directly with TIAA. 

Life changes, and so do your wants and needs. If something happens to you, make sure your beneficiary information reflects your current wishes. Don't assume you're covered because you've spelled out your wishes in a will. 

Retirement plan assets will be transferred according to the terms of your plan's beneficiary designation, not by the terms of your will. If there's no named beneficiary — maybe you initially let your account default to "estate" — this can potentially increase the risk of significant delays and costs to those you wish to name.

It's quick and easy to do. 

Confirming or updating your beneficiaries is simple. You can always change your mind if your needs change.

• Go to TIAA.org to register and/or log in to your account.
• Once logged in, under the Actions tab, choose "Add/edit beneficiaries."  From there, you can designate beneficiaries and select how much each should receive. 

Have questions? Go to TIAA.org/public/support/faqs/beneficiaries or call 800.842.-2252. If you make a change online, you'll receive a confirmation.

The TIAA group of companies does not provide legal or tax advice. Consult your personal tax and legal advisors concerning your estate planning needs.
      
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. TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and SIPC, distribute securities products.© ©2018 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, 730 Third Avenue, New York, NY 10017 

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