Equal Housing Lender. Otherwise, mutual funds and annuities are treated very similarly when offered as part of your employers retirement plan. (1965-1969, 1980- 1996)B.S., U. of Mary Hardin-Baylor; M.S., Texas Womans U.; Ph.D.,ibid. Over the course of a year you pay for services like record keeping. Any guarantees under annuities issued by TIAA are subject to TIAA's claims-paying ability. Delta R. Hafford, Ph.D., Associate Professor of Family and Consumer Sciences. (1965-1992)B.A., Baylor U.; M.A.,ibid. During enrollment, once you choose your contribution amount, you can direct your contributions to a range of investment options. These lower risk products offer a guaranteed income that you cant outlive. The amount you withdraw will reduce your lifetime annuity income accordingly. Baylor College of Medicine 401 (a) Retirement Plan This Plan is funded entirely by BCM; there are no employee contributions made to this Plan. (2004-2020)B.A., Kent State U.; M.Div. These payments generally are available to individuals who have attained age 55 but have not yet reached RMD Applicable Age and must begin at least one year prior to reaching RMD Applicable age. However, payments from CREF and TIAA variable annuities are not guaranteed and the payment amounts will rise or fall depending on investment returns. (1978-1980 1980-2019)B.S., Baylor U.; M.S., Kansas State U.; Ph.D.,ibid. If requested before 2 p.m. you will receive a response today. Kathy Whipple, Ph.D., Professor of Communication Sciences and Disorders. Baylor Retirement Plan Policy - BUPP 461; Baylor Retirement Plan (BRP) Summary of Plan Provisions; 2022 Annual Notice of Right to Participate in 403(b) 403(b) Plan Guide for 2022; Eligibility Requirements. 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. You can choose to receive income for a set period of two to 30 years, depending on the terms of our contract and your plan's rules (and not to exceed your life expectancy). tax-free . Howard L. Rolf, Ph.D., Professor of Mathematics. Request an appointment with an advisor today. Robert H. Ray, Ph.D., Professor of English. (1980-2013)B.S., College of Idaho; M.S., Baylor U.; Ph.D.,ibid. Find out who to contact about enrollment or investing. (1960-1990)B.B.A., U. of Texas; M.L.S., Texas Womans U.; Ph.D.,ibid. Julian F. Watkins II, Ph.D., Professor of Biology. You can receive the current interest earned on your TIAA Traditional Account in monthly payments. Now is a great time to understand what is offered - think about taking advantage of any opportunities to save and invest for the future. (1963-1995)B.A., Cornell U.; M.S.,ibid. There are several technology companies that offer end-to-end notarization systems. ; Ph.D.,ibid. This material is for informational or educational purposes only and does not constitute fiduciary investment advice under ERISA, a securities recommendation under all securities laws, or an insurance product recommendation under state insurance laws or regulations. Call 713-798-1000 Monday - Friday 8 a.m. - 5 p.m. ONLINE Request Now Request non-urgent appointments Find a Physician First, think about how far off retirement is. A tax-free way to pay for other qualified out-of-pocket medical expenses - the Emeriti Reimbursement Benefit. ; Ph.D., U. of Texas. ; Ed.D., Texas Womans U. Patrick L. Odell, Ph.D., Professor of Mathematics. What is the difference between a mutual fund and an annuity? 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. ; Ph.D.,ibid. The personalized services used most often are: In addition, for more information on fees and investments, refer to "Mutual Funds and In-Plan Annuities" via TIAA.org/performanceOpens in a new window which is a good source for additional plan and investment-related information. How can I see my accounts and perform transactions online? Southern Baptist Theological Seminary; Ph.D.,ibid. Read it carefully. Founded in 1860, New York Medical College (NYMC), one of the nation's largest private health sciences universities, is the leading academic biomedical research university between New York City and the state capital of Albany, NY. What types of items do you collect? William R. Reichenstein, Ph.D., Professor of Finance. TIAA Traditional is a guaranteed insurance contract and not an investment for federal securities law purposes. (1981-1997)B.A., Baylor U.; M.A., Southern Methodist U.; Ph.D., Texas Womans U. Phyllis S. Karns, Ph.D., Professor of Nursing. Janice M. McCullagh, Ph.D., Associate Professor of Art History and Senior Faculty Member of the Albritton Art Institute. (1988-2015)B.B.A., U. of North Texas; M.B.A.,ibid., Ph.D., U. of Georgia.C. (1985-2005)B.B.A., U. of Texas; M.B.A., U. of North Texas; Ph.D., U. of Arkansas, Fayetteville. Generally speaking, riskier investments should be made when youre younger, so you have plenty of time to potentially recoup losses. Your own Plan account may earn more or less than this example. Otherwise, mutual funds and annuities are treated very similarly when offered as part of your employers retirement plan. Make a selection before beginning enrollment. 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. The full name of Emeriti Retirement Health Solutions is The Emeriti Consortium for Retirement Health Solutions, an Illinois Nonprofit Corporation. Lawrence G. Felice, Ph.D., Professor of Sociology. ibid. (1973-2005)B.B.A., Baylor U.; M.B.A.,ibid. (1973-2011)B.A., Baylor U.; M.A.,ibid. You can leave the tool now and go to Insights to read articles, use tools and see videos that will help you step forward. (1963-1995)B.A., U. of Oklahoma; M.A.,ibid. ; Ph.D., ibid. To submit an abstract - Aug. 14, 2023 by 5 p.m. Poster Presentation - Sept. 15, 2023 Mutual funds offer systematic withdrawals. Mary L. Herrington, Ed.D., Associate Professor of Curriculum and Instruction. D.E. W. Music, D.M.A., Professor of Academic Studies. However, diversification doesn't guarantee against loss. Keep in mind: You may need to complete the required form found at Baylor College of MedicineOpens in a new window to tell your employer how much money you want taken out of each paycheck. Helen Harris, Ph.D., Associate Professor of Social Work. 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). (1985-2003)B.S., The College of William & Mary; Ph.D., U. of Texas. Post Graduate Training: 1967-68. No, there is no tax advantage to owning variable annuities or mutual funds in your TIAA-funded retirement plan. Sandra J. Genrich, Ph.D., Professor of Nursing. More information about retirement plan fees and expenses is available at TIAA.org/fees. schedule an appointment with a TIAA investment professional or attend a seminar. (1966-2000)B.A., Wake Forest U.; B.D., Southeastern Baptist Theological Seminary; Th.M.,ibid. Norman L. Gilchrest, Ed.D., Professor Health, Human Performance and Recreation. (1990-2018)B.A., St. Edwards U., M.A., U. of Notre Dame; Ph.D.,ibid. William L. Pitts, Jr., Ph.D., Professor of Religion. For more information on fees and investments, refer to "Mutual Funds and In-Plan Annuities" via TIAA.org/performanceOpens in a new window. (1965-2000)B.M., Indiana U.; M.M.,ibid. The value of a variable annuity is subject to market fluctuations and investment risk so that, if withdrawn, it may be worth more or less than its original cost. Learn about the investment options and plan basics - including eligibility - of each retirement savings plan offered by your employer. People are living longer than ever. Have an edit or suggestion for this page? ; Ph.D.,ibid. Frederick R. Gehlbach, Ph.D., Professor of Biology. A mutual fund is a pool of securities, such as stocks and bonds, managed by an investment company. When you enroll online, you create an individual account where you can view your balances, change your investment mix, make transfers and other transactions. ; Ph.D., U. of Texas. ; M.Div. (1961-1996)B.A., New Mexico Highlands U.; M.A.,ibid. Member FDIC. Donald L. Gaitros, Ph.D., Professor of Computer Science. (1956-1995)B.S., Auburn U.; M.A., U. of Alabama. Endowed Chairs and Professorships. ; Ph.D.,ibid. (1984-2021)B.B.A., Texas Tech U.; J.D., U. of Oklahoma. (1974-1993)B.F.A., U. of Illinois; M.A.,ibid. (1981-2018)B.A., Baylor U.; B.D., Southern Baptist Theological Seminary; Ph.D.,ibid. (Hon. (1973-2009)B.A., Texas Womans U.; M.L.S.,ibid. 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. Billie H. Nowlin, Ed.D., Professor of Home Economics. Dianna M. Vitanza, Ph.D., Associate Professor of English. Earl L. Grinols, Distinguished Professor of Economics (2004-2022B.A., U. of Michigan; B.S., ibid; Ph.D., Massachusetts Institute of Technology. Linda F. Garner, Ph.D., Professor of Nursing. Before investing, consider the investment objectives, risks, charges, and expenses of the fund or annuity and its investment options. (2010-2020)B.F.A., U. of Nebraska; M.F.A., Wichita State U. F. Michael Ard, D.M.A., Professor of Keyboard Studies. The Bernard and Anne Spitzer School of Architecture CUNY School of Medicine Colin Powell School for Civic and Global Leadership School of Education The Grove School of Engineering . *Guarantees are subject to the claims-paying capability of the insurer. This Plan allows employees to contribute pre-tax contributions through payroll deductions. 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. (1981-2001)B.A., St. John's U.; M.A., U. of North Dakota; Ph.D., U. of Missouri. You must begin taking minimum distributions from your IRAs and employer retirement plan accounts by your required beginning date (or retirement, if later for employer retirement plan accounts). (2000-2018)B.A., Baylor Univ. (1993-2020)B.S., Radford U.; M.S., U. of Tennessee, Knoxville; M.F.A., U. of Georgia; Ph.D., Florida State U. Jim SoRelle, Ph.D., Professor of History. (1989-2017).B.A., Baylor U.; M.R.E., Southwestern Baptist Theological Seminary; Ed.D., U. of North Texas. William A. Teachers Insurance and Annuity Association of America is domiciled in New York, NY, with its principal place of business in New York, NY. Its California Certificate of Authority number is 6992. Please consult your legal or tax advisor. Papers of BCM faculty, staff, departments, students and affiliates William Thomas, Professor of Accounting and Business Law and Master Teacher. (1956-1957, 1964-1998)B.S., Oklahoma Baptist U.; M.A., Vanderbilt U.; Ph.D.,ibid. (1978-2002)B.S., Indiana U.; M.B.A.,ibid. Summary Plan DescriptionOpens pdf in new window. Contact your HR Benefits Office for additional information and assistance. Edwin P. Oxford, Ph.D., Professor of Mathematics. (1984-2018)B.B.A., Texas A&M. 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). Mary Margaret Shoaf, Ph.D., Associate Professor of Mathematics. 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 The Baylor College of Medicine Archives mission is to preserve the history of Baylor College of Medicine and its predecessors the Fort Worth Medical Department and Baylor University College of Medicine (BUCM) in both Dallas and Houston. Western Illinois U.; M.S., U. of Missouri, Rolla; Ph.D.,ibid. Call today to schedule an appointment or fill out an online request form. (1988-2022)B.A., U. of Rhode Island; M.A., U. of Florida; Ph.D., ibid. Faculty Affairs & Development organizes workshops on topics such as teaching in different environments, communication skills, curriculum design and more. 3. (1970-2015)B.A., U. of Texas; M.A.,ibid. Professional advice. Select a retirement plan and begin the enrollment process. David E. Pennington, Ph.D., Professor of Chemistry and Biochemistry and Master Teacher. 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. (1981-2018)B.S., New Mexico Institute of Mining and Technology; M.S.,ibid. For financial guidance, call 800-842-2252 to speak to a TIAA financial consultant. (1966-2020)B.A., Baylor U.; J.D., ibid., L.L.M., U. of Michigan. View and compare your investment options before you enroll. (1974-1997)B.A., Biola College; B.D., California Baptist Theological Seminary; M.A., U. of Southern California; Ph.D.,ibid. (1984-2014)B.A., Texas A&M U.; M.S., Washington U. in St. Louis; Ph.D.,ibid. Willis, Ph.D., Professor of Information System. 1996. Martha J. Bradshaw, Ph.D., Professor at Louise Herrington School of Nursing. Reviewing your current investment mix to see if you need to rebalance your portfolio as you near retirement. (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. Academy educational grants are open to educators at all levels of development with the condition that applicants must have received a Norton Rose Fulbright award. ; M.A., ibid. After enrolling, you'll receive a TIAA Welcome Kit and a Legal Package including your contract and contract number. (1998-2017)B.S., Louisiana Tech U.; M.B.A.,ibid. Login now. (1986-2021)B.A., Baylor U.; J.D.,ibid. The mutual funds chosen for your retirement savings plan provide the opportunity to focus on specific market segments - all of which offer varying degrees of risk and reward opportunities. Our Premedicine Program is designed for those students who desire to attend medical school upon undergraduate degree completion. (1973-2018).B.B.A., Baylor U.; M.B.A.,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 . Guarantees are based on the claims-paying ability of the issuer. Consider contributing to annuities1 that offer growth opportunities while your're saving and monthly income thats guaranteed for life when you retire. Janelle Walter, Ph.D., Professor of Family and Consumer Sciences. We offer the following education training programs for Baylor faculty members. If you are an eligible classification, you automatically become a participant in the Plan when you reach age 18 and have completed 1 hour . Baxter Johns, Ph.D., Professor of Mathematics. Is there a tax advantage to owning variable annuities versus mutual funds? (1977-2020)B.A., Vanderbilt U.; M.A., Emory U., Ph.D., ibid. Naymond H. Keathley, Ph.D., Professor of Religion. (1975-1991)B.S., Baylor U.; M.S., Texas Woman's U.; Ph.D.,ibid. Located in the heart of the world's largest medical center (Texas Medical Center), Baylor is affiliated . Don Greene, Professor of Geosciences (1979-2022)B.S, Texas A&M Commerce; M.S., U. of Oklahoma; Ph.D., ibid. (1973-2011)B.S. B.A., U. of Michigan; M.A., ibid. Do not sell/share my personal information. Emeritus Faculty are nominated by their deans to the President through the Provost . Teachers Insurance and Annuity Association of America is domiciled in New York, NY, with its principal place of business in New York, NY. They offer several payment options, including lifetime income. Joseph A. McKinney, Ph.D., Emeritus Professor of International Economics and Senior Research Fellow in the McBride Center for International Business. 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. Louis Muldrow, J.D., Professor and the Abner V. McCall Professor of Evidence. 15% increase in Pre-65 dependent coverage . (1985-2005)B.B.A., Baylor U.; M.S., Oklahoma State U.; Ph.D., Michigan State U. Maxine B. Hart, Ed.D., Professor of Information Systems. Lane G. Collins, D.B.A., Professor of Accounting. ; Ph.D, ibid. (1961-2011)B.A., Baylor U.; M.A.,ibid. Doris A. DeLoach, D.M., Professor of Oboe and Music Theory and Director of Instrumental Studies. ; Ph.D., Iowa State U. Jerry Waltman, Ph.D., The R. W. Morrison Professor of Political Science (2003-2020)B.A. Mutual funds offer systematic withdrawals. (1958-2019)B.S., Ohio State U.; M.A.,ibid. If 10-15% is an amount you can't afford right now, contribute as much as you can comfortably afford. 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. (1971-2020)B.B.A., Baylor U.; M.B.A., ibid. 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. ; Ed.D.,ibid. Fees should be just one factor in your decision-making process since the lowest cost option may not be the best one for you. Or you can decide to receive income for a certain number of years or take a cash withdrawal (depending on your plans provisions). (1963-1996)B.S., Pennsylvania State U.; M.A., Ohio State U.; Ph.D.,ibid. (1995)B.S., Wayland Baptist U.; M.Ed., Texas Tech U.; Ed.D., U. of Colorado. W. C. Williams, Ph.D., Professor of Educational Psychology. We realize the enrollment process requires making tough decisions. Music, Juilliard School of Music; D.M.A., U. of Illinois. (1977-2018)B.S., Jacksonville State U.; M.A., U. of Alabama, Birmingham; Ph.D., U. of Alabama. Frank H. Mathis, Ph.D., Professor of Mathematics. Karl A. Umlauf, M.F.A., Professor of Art and Artist in Residence. Payments from variable accounts will fluctuate based on investment performance. (2001-2012)B.S.N., Valdosta State U.; M.S.N., Troy State U.; D.S.N., U. of Alabama, Birmingham.