Hello,

Client has old 403(b) Plan (“TSA” – tax sheltered annuity) w/ TIAA-CREF. She’s been retired for many years and is 81 years of age..

Within the 403(b) is the following per TIAA-CREF:

1. A retirement annuity.
2. A group supplemental retirement annuity.
3. A group retirement annuity.

In each of the above are different CREF investments. I believe the differences between 1, 2 and 3 involves some being employee money only versus others being employee and employer – although I’m not 100% certain (TIAA-CREF hasn’t been able to answer this to-date).

Question: I just want to confirm that prior to rolling over the above into an IRA we manage at TDAI, we need to confirm that the client has already taken her 2017 RMD. If not, the 2017 RMD must first be taken since RMDs are not permitted to be rolled over.

Please advise/confirm. Thank you.

Jason