Wendy Stories
April 2002

Tiaa-Cref Kept my Money

I sold my stock funds in January 1999, early, before the "big climb tumble" began. I was lucky, in retrospect. But the reason I sold was pragmatic, not market-timed. I wanted to transfer the money to Schwab, where I'd have more control over my investments.

TIAA-CREF is a huge mutual fund company that administers "403b" plans, which are retirement plans similar to a "401k" except this is for employees of schools and research laboratories.

To extract my money from Tiaa-Cref, I was forced to call a "Telephone Counseling Center" where I was counselled earnestly not to leave Tiaa-Cref. And had I considered REITs or other Tiaa-Cref funds?

I don't need counseling.  I need my money. 
They won't let it go. 

One spiral of red tape requires a "signed" confirmation that I don't work for Stanford anymore.  I haven't worked there for seven years!  Can you imagine having to get notorized signatures to transfer your money to Schwab?

Let my money go! 

Follow the Adventure Back in Time...
Navigation Map
Home | Wendy_Stories | Family | Resume | Bizarre_Tales | Contact_Me
Since 1994