Or you can decide to receive income for a certain number of years or take a cash withdrawal (depending on your plans provisions). If requested before 2 p.m. you will receive a response today. A Baylor login is required to access the forms and documents listed below. For more information about the terms of your individual contract, contact your plan sponsor or financial advisor. Robert M. Baird, Ph.D., Professor of Philosophy and Master Teacher. These lower risk products offer a guaranteed income that you cant outlive. Walter C. Holmes, Ph.D., Professor of Biology. Medicare Part B premiums . (1981-2004)B.A., Columbia Bible College; B.D., Southwestern Baptist Theological Seminary; Ph.D., Baylor U. Ralph C. Wood, Professor of Theology and Literature (1998-2021)B.A., East Texas State U.; M.A., ibid; M.A., U. of Chicago; Ph.D., ibid. A little extra saved today could make a big difference in retirement. The TIAA group of companies does not provide legal or tax advice. ; Ph.D., U. of Florida. As for income options, annuities offer you the opportunity for lifetime income with or without guaranteed payments for a fixed time period*. 401(a) Retirement Plan does not offer a loan feature. (1985-2005)B.B.A., U. of Texas; M.B.A., U. of North Texas; Ph.D., U. of Arkansas, Fayetteville. As a Baylor Medicine patient, you'll have access to exclusive clinical trials, leading-edge procedures, and the brightest minds in medicineall working together to provide you with more options . 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. Richard Shanley, D.M.A., Professor of Music. Robert Darden, Journalism, Professor of Journalism, Public Relations and New Media (1999-2022)B.A., Baylor U.; M.A., U. of North Texas. Billie H. Nowlin, Ed.D., Professor of Home Economics. (1993-2007)B.S., Texas A&M U., Commerce; M.A., U. of California, Los Angeles; Ph.D., U. of Illinois. (1981-2001)B.A., St. John's U.; M.A., U. of North Dakota; Ph.D., U. of Missouri. (1969-2009)B.A., Baylor U.; M.S.W., Louisiana State U; Ph.D., Texas Womans U. Donald R. Edwards, Ph.D., Professor of Management. No, there is no tax advantage to owning variable annuities or mutual funds in your TIAA-funded retirement plan. Do not sell/share my personal information. Retirement annuities can help replace your salary with monthly income thats guaranteed for life. If you are an eligible classification, you automatically become a participant in the Plan when you reach age 18 and have completed 1 hour of service. Rose, Ph.D., Professor of Finance, Insurance, and Real Estate. Call 713-798-1000 Monday - Friday 8 a.m. - 5 p.m. ONLINE Request Now Request non-urgent appointments Find a Physician Baylor has the lowest tuition rates among all private medical schools in the country ($29,900), resulting in an average student-loan debt of $108,136that's $95,000 less than the average for U.S. medical school graduates from private schools and $72,000 less than medical school graduates from public schools, counting medical schools that . Investing in this manner does not ensure a profit or guarantee against loss in declining markets. (1980-2008)B.S., Virginia Polytechnic Institute and State U.; M.S.,ibid. (1988-2001)B.S., U. of Texas; M.S., Oklahoma State U.; Ph.D.,ibid. It's complimentary, thanks to your employer. (1973-2005)B.B.A., Baylor U.; M.B.A.,ibid. ; Ph.D., Emory U. Robert S. Baldridge, Ph.D., Professor of Biology. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. (1981-2014).B.A., Connecticut College; Ph.D., Yale U. Barbara L. Bennett, Ph.D., Professor of Music Education. George Gawrych, Professor of History. Gary W. Hull, Ph.D., Associate Professor of History. No, there is no tax advantage to owning variable annuities or mutual funds in your TIAA-funded retirement plan. (1961-1996)B.A., New Mexico Highlands U.; M.A.,ibid. (1954-1993)B.S., U. of Texas; M.Ed.,ibid. Other benefits may be available, such as pre-tax and tax-deferred contributing, which could help maximize your savings. ibid. Learn ways to save and invest to help you prepare for your retirement. For more information on fees and investments, refer to "Mutual Funds and In-Plan Annuities" via TIAA.org/performanceOpens in a new window. Taxes and penalties may apply. . ; M.A., ibid. (1981-1997)B.S., U. of Kentucky; M.B.A., Syracuse U.; Ph.D., U. of Pennsylvania. (1960-1990)B.B.A., U. of Texas; M.L.S., Texas Womans U.; Ph.D.,ibid. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Take advantage of it. There are a number of important differences between mutual funds and annuities when they are offered under a retirement plan. In some cases, an investment provider may pay a portion of an investment's expense ratio to TIAA, the recordkeeper, to help offset the cost of plan administration. (1956-1989)B.A., Baylor U.; M.A., U. of Texas. (2000-2018)B.A., Wheaton College; M.A., Princeton U.; Ph.D.,ibid. (1982-2011)B.S., Southern Arkansas U.; M.S., Louisiana Tech U.; Ph.D., New Mexico State U. After enrolling, you'll receive a TIAA Welcome Kit and a Legal Package including your contract and contract number. Emeriti Plan Plan overview; 401(a) Retirement Plan 403(b) Tax-Deferred Investment Plan . Make a selection before beginning enrollment. Thanks to compounding, any earnings on your investments gets reinvested and can potentially earn even more money, and so on. W. Hulitt Gloer, Ph.D.,Professor of Preaching and Christian Scriptures. Director of Neurovascular Surgery, Westchester Medical Center. Member FDIC. There are plenty of options and every investor is different. (1969-2011)B.S., U. of Texas, El Paso; M.M., U. of North Texas. Username: Your username (up to 15 characters) can be a customer ID that you've chosen or your Social Security number (SSN). Waco, Texas, BaylorUniversity Waco,Texas76798 1-800-229-5678, Departmental Resources: Tenure & Promotion, Evaluation, Tenure, Promotion, and Compensation, Policies and Procedures Related to Employment at Baylor, Course Actions, Revisions and New Proposals, BUPP 706 Faculty Workload and Merit Evaluation, BUPP 717 Academic Credentials for Faculty and Graduate Teaching, Strategic Enrollment Management (SEM) Plan, Baylor/Xavier University Exchange Program, Discipline-Specific Diversity, Equity, Inclusion, & Belonging Training and Education Proposals, HR Resources for Managers & Academic Leaders, Electronic Course Action System (ECAS) User's Guide, Robbins College of Health and Human Sciences, George W. Truett Theological Seminary Admissions. However, diversification doesn't guarantee against loss. (1984-1996)B.A., Baylor U.; M.A., U. of Illinois; Ph.D., U. of Colorado. 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 (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. (1985-2005)B.S., Southern Methodist U.; M.S.,ibid., Ph.D.,ibid. For employer-sponsored retirement plans, your required beginning date is April 1 of the year following the calendar year in which you reach your RMD Applicable Age or retire from the plan sponsor, if later. Consider adding annuities1 to your retirement plan so you can create a foundation of guaranteed monthly income for life when you stop working. (1956-1957, 1964-1998)B.S., Oklahoma Baptist U.; M.A., Vanderbilt U.; Ph.D.,ibid. William R. Reichenstein, Ph.D., Professor of Finance. Tell us about your future goals and well help you plan. Associate Professor of Otolaryngology, New York Medical College. Patricia A. Robert H. Ray, Ph.D., Professor of English. ; D.B.A., Indiana U. Mary K. "Suzy" Weems, Ph.D., Professor of Nutrition Sciences. Judith W. Lott, D.S.N., Professor of Nursing. Emeriti, TIAA-CREF, Savitz, Aetna Life Insurance Company, and HealthPartners are independent corporations and are not legally affiliated. These costs are allocated to each participant in a uniform way. ; Ph.D., Vanderbilt U. Dorothy W. McAlister, Ph.D., Professor of Family and Consumer Sciences. ; Ph.D., U. of Michigan. ; M.Div., Pittsburgh Theological Seminary; Ph.D., Southern Baptist Theological Seminary. Schedule now . Norman L. Gilchrest, Ed.D., Professor Health, Human Performance and Recreation. Contact your HR Benefits Office for additional information and assistance. Kris K. Moore, Ph.D., Professor of Statistics and Quantitative Business Analysis. TIAA-CREF Individual & Institutional Services, LLC serves as a broker-dealer with respect to underlying mutual funds only, and does not offer, market or sell interests in such plans or otherwise provide broker-dealer services with respect to the interests in such plans. Have an edit or suggestion for this page. Generally, you must show an immediate, significant need that cannot be met with other resources, including loans from your retirement plan. Who would benefit most from owning mutual funds? ; M.Div. (1995)B.S., Wayland Baptist U.; M.Ed., Texas Tech U.; Ed.D., U. of Colorado. This practice is called "revenue sharing". Works closely with Investigators across the college to evaluate SFIs for conflict of interest and ensure that all research disclosures are completed properly to comply with regulatory requirements. Harold W. Osborne, Ph.D., Professor of Sociology and Master Teacher. Elizabeth S. Githens, M.A., Professor of English. Pre-Medicine. Owen T. Lind, Ph.D., Professor of Biology. Weeks, D.B.A., Professor of Marketing. Delta R. Hafford, Ph.D., Associate Professor of Family and Consumer Sciences. (1968-1989)B.A., Baylor U.; M.S.Ed.,ibid. As for income options, annuities offer you the opportunity for lifetime income with or without guaranteed payments for a fixed time period*. ; Ph.D., U. of Illinois. Please consult your legal or tax advisor. Emeritus Faculty are nominated by their deans to the President through the Provost. There are a number of important differences between mutual funds and annuities when they are offered under a retirement plan. To recap, here's what you'll want to think about when you enroll: Think how long your retirement savings will need to last. Professional advice. (1988-2009)B.S.E.E., Texas Tech U.; M.S.E.E., Southern Methodist U.; Ph.D.,ibid. (1968-2000)B.M., Morningside College Conservatory of Music; M.M., Indiana U.; D.M.A., U. of Arizona. Take advantage of your jobs retirement benefits. James Kennedy, Associate Professor of Religion (1986-2021)B.A., Palm Beach Atlantic College; M.Div., Southern Baptist Theological Seminary; M.Phil., Drew U.; Ph.D., ibid. Emeriti, TIAA-CREF, Savitz, Aetna Life Insurance Company, and HealthPartners are independent corporations and are not legally affiliated. During enrollment, once you choose your contribution amount, you can direct your contributions to a range of investment options. ; Ph.D., ibid. (1984-2018).B.A., U. of California, San Diego; M.Div. ; Ed.D., U. of North Texas. M. Michael Umble, Ph.D., Professor of Management. Fidelity does not provide legal or tax advice. David Hendon, Ph.D., Professor of History. Otherwise, mutual funds and annuities are treated very similarly when offered as part of your employers retirement plan. (1985-2020)B.A., U. of California; M.S., ibid., Ph.D., ibid. (1966-2003)B.A., Baylor U.; B.D., Southern Baptist Theological Seminary; M.A., Baylor U.; Ph.D., Indiana U. Bruce C. Cresson, Ph.D., Professor of Religion. ; Ph.D., U. of Texas. (1983-2003)B.S., Eastern New Mexico U.; M.S.,ibid. (1978-1980 1980-2019)B.S., Baylor U.; M.S., Kansas State U.; Ph.D.,ibid. See Faculty Appointments and Promotions Guidelines. Faculty Media . The overarching hypothesis of the Baylor College of Medicine - Rice University SRP is that maternal exposure to PAHs, which are present in Superfund sites, increases the risk of PTBs and incrementally . View and compare your investment options before you enroll. Mary Ruth Smith, Ph.D., Professor of Art and Art History. Generally speaking, riskier investments should be made when youre younger, so you have plenty of time to potentially recoup losses. Mary Ellen Davenport, M.S., Assistant Professor of Nursing. These withdrawals are not available from TIAA Traditional Account balances. Investment in variable products is subject to the risks associated with investing in securities, including loss of principal. (1998-2017)B.S., Louisiana Tech U.; M.B.A.,ibid. 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. If requested before 2 p.m. you will receive a response today. Baylor College of Medicine contributes 8% of your base annual earnings to the plan. For help and advice, schedule an appointment with a TIAA investment professional or attend a seminarOpens in a new window. Dr. Clement T. Goode, Ph.D., Professor of English. Terry Maness, Dean of Hankamer School of Business and Professor of Finance (1972-2021)B.A., Baylor U.; M.S., ibid. (1971-2001)B.A., Howard Payne College; M.A., U. of Oklahoma; Ph.D.,ibid. This Plan allows employees to contribute pre-tax contributions through payroll deductions. (TIAA) and College Retirement Equities Fund (CREF), New York, NY. The following documents are required from the Academic Unit for appointment to this rank: 1. increase substantially for the following groups: new retirees. 1996. (1966-2003)B.A., International Christian U., Tokyo, Japan; Ph.D., Yale U. James M. Warren, Ph.D., Professor of Engineering. (1974-2006)B.M., U. of Illinois; M.S. Rotating Internship in General Surgery, Internal Medicine, Obstetrics and Gynecology at the Government General Hospital, Madras, India. Aim to contribute this much (which can include contributions from your employer, if available) throughout your entire working career. ; Ph.D., U. of Texas. (1984-2018)B.B.A., Texas A&M. D.E. Western Illinois U.; M.S., U. of Missouri, Rolla; Ph.D.,ibid. After enrolling, you'll receive a TIAA Welcome Kit and a Legal Package including your contract and contract number. *Guarantees are subject to the claims-paying capability of the insurer. (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. (1958-2019)B.S., Ohio State U.; M.A.,ibid. (1976-1991)B.A., U. of Northern Iowa; M.S.E., Drake U.; Ph.D., Iowa State U. James L. Williamson, Ed.D., Professor of Educational Leadership and The Fred and Edith Hale Emeritus Professor in Education. 2. This may be restricted by the terms of your TIAA contracts. If you are an eligible classification, you automatically become a participant in the Plan when you reach age 18 and have completed 1 hour . Roger L. Keyes, M.M., Professor of Piano. If you're married, you may be required to get spousal consent to receive any distribution option other than a qualified joint and survivor annuity. (1973-2011)B.S. 1998-2023 Baylor College of Medicine | One Baylor Plaza, Houston, Texas 77030 | (713)798-4951Have an edit or suggestion for this page? (1970-2003)B.S., U. of North Texas; M.A., Purdue U.; Ph.D.,ibid. Now is a great time to understand what is offered - think about taking advantage of any opportunities to save and invest for the future. (1976-2017)B.A., Washington U.; M.A.,ibid. (1989-2018)B.A., Baylor U.; M.Ed., U. of Texas; Ph.D., ibid. (1957-1988)B.A., Mississippi College; M.A., Vanderbilt U.; Ph.D.,ibid. A. Dale Allen, Ph.D., Professor of Management. (1972-2000)B.A., Occidental College; M.A., Florida State U.; Ph.D.,ibid. (1989-2017)B.S., Louisiana Tech U.; M.B.A., Ph.D., Mississippi State. Investment decisions should be made based on the investors own objectives and circumstances. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. (1980-2013)B.S., College of Idaho; M.S., Baylor U.; Ph.D.,ibid. (1989-2017).B.A., Baylor U.; M.R.E., Southwestern Baptist Theological Seminary; Ed.D., U. of North Texas. (1956-1991)B.S., Baylor U.; M.S., Wichita State U.; Ph.D., U. of Wisconsin. (1982-2019)B.A., Baylor U.; M.A., U. of Houston; Ph.D., Northern Illinois U. Darrell S. Vodopich, Ph.D., Associate Professor of Biology. It is possible to lose money by investing in securities. Any savings have the potential to help in the future, but ideally, you still should aim for 10-15% of your pre-tax income annually. (2004-2020)B.S., Tarleton State U.; M.Ed., ibid. William F. Cooper, Ph.D., Professor of Philosophy. (1967-2017)B.A., U. of North Texas; M.S.,ibid. 1Annuities are designed for retirement savings or for other long-term goals. (2001-2012)B.S.N., Valdosta State U.; M.S.N., Troy State U.; D.S.N., U. of Alabama, Birmingham. Southern Baptist Theological Seminary; Ph.D.,ibid. Buford Randall Jean, Ph.D., Professor of Electrical and Computer Engineering. (1978-2020)B.S., Denison U.; M.S., Baylor U.; Ph.D., Southern Methodist U. (E.E. Earl L. Grinols, Distinguished Professor of Economics (2004-2022B.A., U. of Michigan; B.S., ibid; Ph.D., Massachusetts Institute of Technology. (1983-2016)B.F.A., U. of Tennessee, M.F.A.,ibid. Bioinformatics analyst at Baylor College of Medicine and graduate from the Honors College at the University of Houston. Is there a tax advantage to owning variable annuities versus mutual funds? Contribute the maximum annual amount to your retirement savings. (1990-2005)B.S., Northwestern State U., of Louisiana; M.S.N.,ibid. (1981-2018)B.S., New Mexico Institute of Mining and Technology; M.S.,ibid. B.A., Furman U.; M.Div., Southeastern Baptist Theological Seminary; Ph.D., U. of Cambridge. Edwin P. Oxford, Ph.D., Professor of Mathematics. Baylor College of Medicine and Department Summary: Baylor (www.bcm.edu) is recognized as one of the nation's premier academic health science centers and is known for excellence in education, research, and healthcare and community service. 2021 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, 730 Third Avenue, New York, NY 10017. ), Seinan Gakuin U. John A. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. 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. are eligible to submit an abstract for presentation as a virtual poster display at the showcase. W. C. Williams, Ph.D., Professor of Educational Psychology. 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. (1986-2000)B.A., Baylor U.; J.D.,ibid. James Breckenridge, Ph.D., Professor of Religion. Select a retirement plan and begin the enrollment process. Both options receive favorable tax treatment under the plan. ; Ph.D., Texas A&M U. Michael D. Morrison, J.D., Professor and The Jo Murphy Chair International Education and the William J. Boswell Professor of Law. The Office of Faculty Affairs & Faculty Development provides learning programs, conferences and other resources for Baylor faculty members. There are often lots of complex rules and regulations, and it can be hard to figure out what plans & benefits youre eligible for or which investments are available to you. The most you can contribute in 2023 is $22,500 per IRS rules. Thomas Harrison, Jr., Ph.D., Professor of Accounting. Northern Illinois U.; Ph.D., Pennsylvania State U. William A. Mitchell, Ph.D., Professor of Political Science. Prof. & Chair, Dept of Orthopedic Surgery Baylor College of Med and Chief Physician Exec, Baylor St . (E.E. However, payments from CREF and TIAA variable annuities are not guaranteed and the payment amounts will rise or fall depending on investment returns. Darryn Willoughby, Ph.D., Professor of Health, Human Performance and Recreation. (1968-2011)B.S., Tennessee Technological U.; M.S., Auburn U.; Ph.D.,ibid.Jim Ellor, Professor of Social Work. Wood, Ph.D., Professor of Religion. Randal L. Vaughn, Ph.D., Professor of Information Systems. *Investment advice is available through TIAA using an advice methodology from Morningstar Investment Management, LLC. (1973-2009)B.A., Texas Womans U.; M.L.S.,ibid. (1978-2011)B.S., U. of Texas; M.A.,ibid. Located in the heart of the world's largest medical center (Texas Medical Center), Baylor is affiliated . (1986-2021)B.A., Baylor U.; J.D.,ibid. Frank H. Mathis, Ph.D., Professor of Mathematics. (2002-2020)B.A., California Baptist College; M.C.M., Southwestern Baptist Theological Seminary; D.M.A., ibid. (1985-2003)B.S., The College of William & Mary; Ph.D., U. of Texas. Calvin B. Smith, M.S., Associate Professor of Museum Studies. Who would benefit most from owning mutual funds? Patricia A. Hickey, Ph.D., Associate Professor of Mathematics. ; D.B.A., Indiana U. Michael W. Mansfield, Ph.D., Professor of Political Science. Each of the foregoing is solely responsible for its own financial condition and contractual obligations. Talk with a financial professional to get help with your financial goals. (1957-1997)B.A., Hendrix College; M.A., Vanderbilt U.; Ph.D.,ibid. (2003-2018)B.A., U. of Dallas; M.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. Powered by. Steve Driese, Professor of Geosciences (2004-2022)B.S., Southern Illinois U.; M.S., U. of Wisconsin-Madison; Ph.D., ibid. ; Ph.D., U. of Georgia. 1998-2023 Baylor College of Medicine | One Baylor Plaza, Houston, Texas 77030 | (713)798-4951Have an edit or suggestion for this page? ; Ph.D.,ibid. Delton L. Chesser, Ph.D., Professor of Accounting. Institute for Clinical & Translational Research, Feedback - Meeting the Obligation to Our Learners, Compact Between Teachers, Learners, and Educational Staff, Office of Title IX and Gender Discrimination, Comprehensive Academic Management System (CAMS), Faculty Performance Assessment and Development Planning, National Council for State Authorization Reciprocity Agreements, Coach Training for Healthcare Leaders Program.