In developing a retirement plan there are several factors to consider in addition to the amount you need or want to save.

1. Income Taxes.

The above discussion did not take into consideration income taxes. You might have to save more if you have to pay income taxes on all or part of your retirement benefit or your contributions. Distributions from qualified employer plans are always subject to retirement income tax. (more…)

In this part, we describe the various distribution options that are avail able for the withdrawal of your TIAA-CREF accumulation after you have retired. The rules governing almost all of these options originate in the Code. Again, we will try our best to describe them in nontechnical terms.

The transition from a working environment to retirement poses financial as well as emotional challenges. (more…)

One of the most important planning decisions you’ll make is how to best generate income for your retirement. Different sources of income have different characteristics and potentially different pension tax consequences. It’s very important to be wise in establishing and maintaining your post retirement cash flow. Here are the various types of income and their representative taxation: (more…)