Manage Your Retirement Planning with TIAA-CREF Calculators

Posted  8/19/2009
Submitted by   Jen Conley
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The following is a reminder from Human Resources Development (HRD):

TIAA-CREF offers a variety of calculators on its website (www.tiaa-cref.org) to help participants in evaluating the investment planning process, including how to allocate assets, determine contribution limits, maximize tax deferrals, determine savings needs for a future goal and estimate potential retirement income. Some of the most popular calculators* are listed below:

Retirement Goal Evaluator – find out if you are on track to meet your retirement savings goals.

Asset Allocation Evaluator – receive sample portfolios based on your answers to a few investment related questions.

Calculate TDA Contributions Limits – determine the maximum amount you can contribute to a retirement plan.

TDA Advantage Calculator – estimate the long-term growth potential of your savings. Also, see how contributing to a plan will help build extra retirement savings while reducing taxable income.

Minimum Distribution Calculator – identify how much you are required to withdraw from your retirement account when you turn 70 ½.

Whether you are just starting to save, have been participating in your retirement plan(s) for a while or are planning to retire soon, these calculators are a quick way to evaluate various aspects of your current investment plans.

TIAA-CREF’s website can be accessed securely and provides you the opportunity to manage your retirement accounts online. You can also contact TIAA-CREF’s Counseling Center at 1-800-842-2776.

* Please remember when utilizing these calculators, the projections are for illustrative purposes only and should not be used in place of solid financial advice of your financial planner or accountant.