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TIAA-CREF Minimum Distribution Option

The Minimum Distribution Option may be suitable for you if:

• You want to receive the federal required minimum payments automatically
• You dont want to worry about receiving too much or too little income, completing paper each year, or missing deadlines
• You want to maximize income tax deferral and preserve your accumulation
• You want to delay deciding on a lifetime annuity
• You have other income guaranteed to last your lifetime that's adequate for your basic income needs

It may not be suitable if:

• You want payments guaranteed for as long as you live; for lifetime income, you should choose a lifetime annuity
• You need more income than the minimum payments to support your lifestyle
• Your accumulation is small in value

If you feel the Minimum Distribution Option is not suitable for your needs, you can elect to receive cash withdrawals or systematic payments (if available under your employer's plan) or lifetime annuity income each year on a portion of your accumulation to satisfy the rules.

If you are interested in reviewing all of the options for satisfying the minimum distribution requirements, please call our Telephone Counseling Center at 1 800 842-27756, and request the booklet, Minimum Distribution...Making Your Decision with TIAA-CREF.

The purpose of this booklet is to discuss what you'll need to know to make informed decisions when you elect TIAA-CREF's Minimum Distribution Option. To guide you through this terminology, we have included a Glossery in Appendix V.