Personal Investments • TIAA-CREF 1035 exchange to Fidelity

Why are you concerned about this exchange?

The withdrawal of $3000 eight years ago was probably fully from earnings, so you should have gotten a 1099 for $3000 at that time. The cost basis shouldn’t have been affected.

I don’t see what the problem is or could be….

Thanks Stinky, you're a lifesaver!!! I read that you normally cannot exchange an annuity once you have received an annuity payment, but I am pretty sure that refers to a guaranteed income annuity. Both my TIAA-CREF Teachers Personal Annuity and the Fidelity Personal Retirement Annuity are variable annuities, so I should be OK.

Statistics: Posted by toptenn — Wed Apr 03, 2024 1:19 pm — Replies 8 — Views 598

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