Client is willing to rollover TIAA-CREF assets to IRA for me to manage but I want to make sure he isn’t losing an annuity or death benefit by doing so. What are pros and cons of rolling over?

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The Cons of rolling over are that you have to deal with those TIAA people.

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The fixed account can only be taken out over 10 years.

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It. Is. So. Brutal. Should be illegal.

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Depending on age and health. You could potentially buy him a term life policy that would cover his death benefit and move to a lower cost more flexible investment strategy. Let insurance be insurance and let Investments be investments. They seem to perform better when they are not tied together.

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10 payments over 9 years is correct.

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Read the policy...

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