![]() 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). Your plan may distribute your entire balance if the value does not exceed $2,000. When you leave your employer, you may be eligible to withdraw your retirement savings. These withdrawals are not available from TIAA Traditional Account balances.You can increase, decrease or suspend the payments at any time. If your plan allows, you can choose to receive regular income payments on a semimonthly, monthly, quarterly, semiannual or annual basis. Please refer to your contract or certificate for full details or contact us at 80. 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.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. Your employer will typically allow you to withdraw funds once you've reached 59.5. Compare the differences in investment options, services, fees and expenses, withdrawal options, required minimum distributions, other plan features, and tax treatment. Contact TIAA or your HR Office to verify details of your plan(s) in regards to loan availability and transfer/rollover loan eligibility. You may also be able to leave money in your current plan, withdraw cash or roll over the money to an IRA. Prior to rolling over, consider your other options. This is only if the The Jericho Project retirement plan accepts rollovers. If you have money in other employer's plans, you may be able to transfer or roll it over to the The Jericho Project retirement plan to increase your maximum loan amount. How much you can borrow may depend on the amount you currently have in the plan that is eligible for loans and whether you have other outstanding loans. Loans are available from a minimum of $1,000 to a maximum of $50,000 from each employer that you are eligible to take a loan from.
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