Or you can decide to receive income for a certain number of years or take a cash withdrawal (depending on your plans provisions). (1979-2020)B.S., U. of Houston; M.S., ibid. ; Ph.D., U. of Texas. B.A., Furman U.; M.Div., Southeastern Baptist Theological Seminary; Ph.D., U. of Cambridge. Paul Z. Kemp, M.F.A., Professor of Art. Mutual funds offer diversification, professional management, relatively low investment minimums and fees, and a range of choices among different asset classes. (1977-2015)B.A., Ohio U.; M.A.,ibid. Wood, Ph.D., Professor of Religion. Your plan may distribute your entire balance if the value does not exceed $2,000. Emeriti Plan View plan details Take charge of your future today. Peter Allen, Professor of Geosciences. During enrollment, once you choose your contribution amount, you can direct your contributions to a range of investment options. ; Ph.D., U. of Michigan. Baylor College of Medicine offers this plan as part of workplace benefits. Do not sell/share my personal information. If requested before 2 p.m. you will receive a response today. may. Mark Anderson, M.F.A., Professor of Art and Art History. Your right to a lump-sum distribution from your TIAA Traditional Account may be restricted to taking periodic payments under the terms of the contract. A tax-free way to pay for other qualified out-of-pocket medical expenses - the Emeriti Reimbursement Benefit. (1973-2018).B.B.A., Baylor U.; M.B.A.,ibid. *Guarantees are subject to the claims-paying capability of the insurer. Baxter Johns, Ph.D., Professor of Mathematics. A little extra saved today could make a big difference in retirement. At Baylor Medicine, we create a treatment plan that draws from our storied experience, our collaborative nature and our drive to advance healthcare. Protecting your retirement savings through guaranteed annuities. Elisabeth J. Umble, Ph.D., Associate Professor of Management. ; Ph.D., ibid. 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. The school 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 . Learn ways to save and invest to help you prepare for your retirement. ; Ph.D, ibid. (1966-2020)B.A., Baylor U.; J.D., ibid., L.L.M., U. of Michigan. Institute for Clinical & Translational Research, Request for Faculty Appointment/Promotion. Update my fund choices or provider to help meet my financial goals. Your RMD Applicable Age was 70 if you were born before 7/1/49; 72 if you were born on or after 7/1/49 or in 1950; 73 if you were born between 1951 and 1958; 75 if you were born in 1960 or later. Learn about the plan basics, including eligibility, and investment options available through Fidelity and TIAA for Baylor College of Medicine retirement plan(s). ; Ph.D., U. of Illinois. (1960-1961, 1968-2014)B.A., Baylor U.; M.A.,ibid. Take advantage of it. (BCM Login Required). Mary L. Herrington, Ed.D., Associate Professor of Curriculum and Instruction. David L. Jeffrey, Ph.D., Distinguished Professor of Literature and the Humanities. 1329 S. 7th Street . Request for Faculty Appointment/Promotion (RFAP) form prepared by the Academic Unit. Martha L. Sanford, Ph.D., Associate Professor of Nursing. Kenneth W. Busch, Ph.D., Professor of Chemistry. 2021 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, 730 Third Avenue, New York, NY 10017. Both options receive favorable tax treatment under the plan. Texas Tech U. ; Ph.D., Texas Tech U. Philip A. Martin, M.A., Associate Professor of German. (1976-2010)B.F.A., Bethany College; M.F.A., U. of Iowa. (1957-1993)B.A., Mississippi College; M.A., U. of North Carolina; Ph.D., Louisiana State U. Charles M. Tolbert II, Professor of Sociology (2000-2021)B.A., Baylor U.; M.A., 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. . Pre-Medicine. Emeriti Plan Plan overview; 401(a) Retirement Plan 403(b) Tax-Deferred Investment Plan . Professional advice. To recap, here's what you'll want to think about when you enroll: Think how long your retirement savings will need to last. 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. ; Ph.D., U. of South Florida. Louis Muldrow, J.D., Professor and the Abner V. McCall Professor of Evidence. ;ibid. Even if your plan doesn't allow cash distributions, you can withdraw your entire retirement savings if your TIAA Traditional Account value does not exceed $2,000 and your overall account balance is below a limit set by your employer's plan (either $1,000 or $5,000). Joan Supplee, Ph.D., The Ralph L. and Bessie Mae Lynn Associate Professor of History. We offer the following education training programs for Baylor faculty members. (1965-1969, 1980- 1996)B.S., U. of Mary Hardin-Baylor; M.S., Texas Womans U.; Ph.D.,ibid. Sue Margaret Hughes, Ph.D., Professor in University Libraries. Strategic Plan 2024-2028; Strategic Plan 2012-2017; Strategic Plan 2006-2011; Informatics and Information Technology Strategic Roadmap; . schedule an appointment with a TIAA investment professional or attend a seminar. First, think about how far off retirement is. Owen T. Lind, Ph.D., Professor of Biology. These costs are allocated to each participant in a uniform way. Fees should be just one factor in your decision-making process since the lowest cost option may not be the best one for you. Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value. (1986-2009)A.B., Wabash College; M.S., U. of Notre Dame; Ph.D.,ibid. 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. Payments from variable accounts will fluctuate based on investment performance. New bivalent COVID-19 vaccines and flu vaccines are available for patients with Baylor Medicine Primary Care Providers. The earlier you start contributing to retirement plan investments, the more you can potentially save. Karl A. Umlauf, M.F.A., Professor of Art and Artist in Residence. I have a form requiring notarization. If you need some of your retirement savings in cash, you can withdraw your TIAA Traditional Account balance through a Transfer Payout Annuity (TPA) under the terms of the contract. ; Ph.D., U. of Georgia. Current curriculum vitae of the candidate. ), Northwestern U.; Ph.D. (1995- 2001)B.S., Baylor U.; M.S. Music, Juilliard School of Music; D.M.A., U. of Illinois. (1960-1990)B.B.A., U. of Texas; M.L.S., Texas Womans U.; Ph.D.,ibid. Stuart Rosenbaum, Ph.D., Professor of Philosophy. ; Ph.D., U. of Texas, Arlington. Billie H. Nowlin, Ed.D., Professor of Home Economics. (1971-2020)B.B.A., Baylor U.; M.B.A., ibid. Mutual funds offer diversification, professional management, relatively low investment minimums and fees, and a range of choices among different asset classes. (1963-1995)B.A., U. of Oklahoma; M.A.,ibid. (1984-2017)B.S., The Ohio State U.; M.S.,ibid. Janice M. McCullagh, Ph.D., Associate Professor of Art History and Senior Faculty Member of the Albritton Art Institute. (2004-2020)B.A., Kent State U.; M.Div. America's fourth largest city is a great place to live, work and play. If you currently use your SSN to log in, you may want to create a unique username instead, for added security. (1978-1980 1980-2019)B.S., Baylor U.; M.S., Kansas State U.; Ph.D.,ibid. An annuity is an insurance contract with one or more fixed-rate and variable investment options. (1972-2000)B.A., Occidental College; M.A., Florida State U.; Ph.D.,ibid. Please refer to your contract or certificate for full details or contact us at. You can opt for extra features, like loan services. (Hon. 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. If you are an eligible classification, you automatically become a participant in the Plan when you reach age 18 and have completed 1 hour . View and compare your investment options before you enroll. ; Ph.D.,ibid. (1984-1996)B.A., Baylor U.; M.A., U. of Illinois; Ph.D., U. of Colorado. (1973-2005)B.B.A., Baylor U.; M.B.A.,ibid. Mary Ellen Davenport, M.S., Assistant Professor of Nursing. (1984-2018).B.A., U. of California, San Diego; M.Div. James Breckenridge, Ph.D., Professor of Religion. Find out why.Get to Know Houston. Full-time faculty and staff members who are at least 21 years of age, and have completed one year of service with an accredited college or . Save at least enough to trigger your employer's match (if available), Aim to save a total of 10-15% pre-tax annually, Add incremental increases annually to painlessly boost your savings over time, Contribute as much as you can afford, up to the IRS limit, Get the most from any employer matches (if they're available). ; M.A., Denver Seminary; Ph.D., Texas A&M U. Ann W. Karaffa, Ph.D., Professor of Curriculum and Instruction. 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. David W. Eldridge, Ph.D., Professor of Biology. William K. Ghee, Ph.D., Professor of Finance and Insurance. Baylor College of Medicine 401 (a) Retirement Plan This Plan is funded entirely by BCM; there are no employee contributions made to this Plan. ; Ph.D., U. of Arkansas. No, there is no tax advantage to owning variable annuities or mutual funds in your TIAA-funded retirement plan. Non-tenured faculty members at the rank of professor (non-tenured), associate professor (non-tenure track), voluntary clinical professor, and voluntary clinical associate professor with at least 10 years of exemplary service to the College may be eligible for an Emeritus appointment upon retirement and upon recommendation of the head of the Academic Unit in which the candidate has his or her primary appointment and formal action of the Faculty Appointments and Promotions Committee, the Academic Council, the president, and the Board of Trustees. If you have not enrolled in the 403(b) Tax-Deferred Investment Plan within 45 days from your date of hire, you will be automatically enrolled in the Plan at a contribution rate of 3% of your pretax eligible earnings. (1978-2016).B.A., U. of California at Los Angeles; M.A.,ibid. Tenured professors with at least one year of service at BCM and tenured associate professors with at least 10 years of service at BCM and who have remained on active status until retirement may be eligible for "Emeritus" appointment upon retirement following recommendation by the head of the Academic Unit in which the candidate has his or her primary appointment and upon formal action by the President and the Board of Trustees. As you get older, more of that money may need to go toward healthcare and other essential expenses. E. Jeter Basden, Ed.D., Professor of Religion. ; Ph.D.,ibid. ; M.A., ibid. Payments stop at the end of the period, during which you will have received all your principal and earnings. (2000-2020)B.A., Austin College; M.M., Cleveland Institute of Music. As you get older, youll likely want to shift to conservative investments with lower risk. ; Ph.D., Texas Woman's U. Helen Shanley, M.M., Professor of Music. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on the investors own objectives and circumstances. Charlene S. Budd, Ph.D., Professor of Accounting. Julian F. Watkins II, Ph.D., Professor of Biology. (2003-2021). The TIAA group of companies does not provide legal or tax advice. You can increase, decrease or suspend the payments at any time. Emeriti Retirement Health Solutions is not an insurance company, insurance broker or insurance provider. For financial guidance, call 800-842-2252 to speak to a TIAA financial consultant. Jeffrey S. Powers, M.M., Professor of Instrumental Studies. How do I find an online Notary? The Bernard and Anne Spitzer School of Architecture CUNY School of Medicine Colin Powell School for Civic and Global Leadership School of Education The Grove School of Engineering . TIAA-CREF Life Insurance Company is domiciled in New York, NY with its principal place of business in New York, NY. Berry J. Klingman, M.F.A., Professor of Art. (1965-2008)B.A., Peru State College; M.A., Oklahoma State U.; Ph.D., U. of Maryland. Owning mutual funds can reduce risk through diversification and professional management, and allow you to potentially invest in a broad range of asset classes U.S. and non-U.S. stocks, bonds, and real estate with smaller amounts of assets. Roger L. Brooks, Ph.D., Professor of English. Many financial planners estimate that youll need 80-90% of your pre-retirement income to maintain your lifestyle in retirement. By Name By School Faculty Emeriti. ; D.M., Florida State U. Robert W. Vargas, Ph.D., Professor of Computer Science. Select a retirement plan and begin the enrollment process. (1958-2019)B.S., Ohio State U.; M.A.,ibid. A lump-sum payment, subject to a surrender fee, may be available depending on your plan rules and the terms of your contract. Member FDIC. Your financial well-being is TIAA's top priority and we are committed to helping you make informed decisions. (1962-2004)B.A., Mississippi College; M.A.,ibid. If you were born in 1959, federal guidance is needed to determine if your RMD Applicable Age is 73 or 75. Paul A. McCoy, M.F.A., Professor of Art, Ceramist-in-Residence and Director of The Allbritton Art Institute. Fidelity Investment Options. John L. Pisciotta, Ph.D., Associate Professor of Economics (1980-2012)B.A., U. of Colorado; Ph.D., U. of Texas. Southwestern Baptist Theological Seminary; Ph.D., Baylor U. Weldon E. Beckner, Ed.D., Professor of Educational Leadership. ; Ph.D., Louisiana State U. Tom Potts, Professor of FinanceB.B.A., Baylor U.; M.S., ibid. ; Ph.D., Iowa State U. Jerry Waltman, Ph.D., The R. W. Morrison Professor of Political Science (2003-2020)B.A. Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917, Press Alt plus Down Arrow to view menu options. (1985-2005)B.B.A., U. of Texas; M.B.A., U. of North Texas; Ph.D., U. of Arkansas, Fayetteville. A. Dale Allen, Ph.D., Professor of Management. Terry M. Roller, M.F.A., Professor of Art. By owning a combination of funds with different investment characteristics, you may be able to offset the poor performance of one asset class with another that is benefiting from an upward trend. McCormick Theological Seminary; D. The mutual funds chosen for your retirement savings plan provide the opportunity to focus on specific market segments - all of which offer varying degrees of risk and reward opportunities. Baylor College of Medicine contributes 8% of your base annual earnings to the plan. Mary Ruth Smith, Ph.D., Professor of Art and Art History. ; Ph.D., Vanderbilt U. Dorothy W. McAlister, Ph.D., Professor of Family and Consumer Sciences. Pauline T. Johnson, Ph.D., Professor of Nursing. Located in the heart of the world's largest medical center (Texas Medical Center), Baylor is affiliated . To obtain vesting information regarding this plan, contact TIAA at 800-842-2252. John Dunbar, Ph.D., Professor of Geosciences. Howard L. Rolf, Ph.D., Professor of Mathematics. Helen Harris, Ph.D., Associate Professor of Social Work. (1986-1987, 1988-2020)B.A., Northern Illinois U.; M.A., U. of Iowa; M.F.A., ibid. (1961-1996)B.A., New Mexico Highlands U.; M.A.,ibid. Founded in 1860, New York Medical College (NYMC), one of the nation's largest private health sciences universities, is the leading academic biomedical research university between New York City and the state capital of Albany, NY. The amount you withdraw will reduce your lifetime annuity income accordingly. schedule an appointment with a TIAA investment professional or attend a seminar. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributes securities products. Martin Medhurst, Distinguished Professor of Rhetoric and Communication (2003-2021)B.A., Wheaton College; M.A. (1969- 2003)B.A., Louisiana State U.; M.A.,ibid. Robert Darden, Journalism, Professor of Journalism, Public Relations and New Media (1999-2022)B.A., Baylor U.; M.A., U. of North Texas. The Academy of Distinguished Educators sponsors two events a year: Annual Academy of Distinguished Educators Showcase of Educational Scholarship, Norton Rose Fulbright Educational Grant Fund. (1972-2018)B.M., Florida State U.; M.M.E., George Peabody College; D.M, Florida State U. Dovalee Dorsett, Ph.D., Professor of Statistics and Quantitative Business Analysis. Located in the heart of the world's largest medical center (Texas Medical Center), Baylor is affiliated . Then strive to increase that amount by putting raises toward it and small annual increases. There are several technology companies that offer end-to-end notarization systems. Elizabeth Farren, Ph.D., Professor of Nursing. You may also review your existing accounts and make transactions online by logging into your secure account. Strive for a smart balance of aggressive and conservative investments that fit your needs. ; Ph.D.,ibid. When we turn 65, theres an 80% probability that well live to 80, and a 27% chance well reach 95.*. We offer several services in order to prepare students for the often rigorous journey in becoming a doctor, including: Premedicine students are encouraged to select a major in which they feel they will . Rayzor Lounge, Noon-3 p.m. Research Compliance Services offers educational opportunities forindividuals engaged in research at Baylor, from those new to research to seasoned investigators, and anyone needing a "refresher," or an update on current regulatory or institutional requirements. (1983-2015)B.A., Southeastern U.; M.A., U. of Alabama; Ph.D., U. of Nebraska, Lincoln. David E. Pennington, Ph.D., Professor of Chemistry and Biochemistry and Master Teacher. Rinn M. Cloud, Ph.D., Professor of Family and Consumer Sciences. The Baylor College of Medicine Archives mission is to preserve the history of Baylor College of Medicine and its predecessors the Fort Worth Medical Department and Baylor University College of Medicine (BUCM) in both Dallas and Houston. Emeritus Faculty are nominated by their deans to the President through the Provost . ; Ph.D.,ibid. Randy Wood, Professor of Curriculum and Instruction (1985-2021) B.A., Baylor U.; M.Div., Southwestern Baptist Theological Seminary; M.Ed., Texas Christian U.; Ph.D., Baylor U. Pat Neff Hall, Suite 109 After enrolling, you'll receive a TIAA Welcome Kit and a Legal Package including your contract and contract number. Consider adding annuities1 to your retirement plan so you can create a foundation of guaranteed monthly income for life when you stop working. William F. Cooper, Ph.D., Professor of Philosophy. Do not sell/share my personal information. ; Ph.D., U. of Texas. Faculty Senate. This will be identified as "TIAA Plan Servicing Credit" on your statements. Learn what plans allow eligible employees to do. 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. (1974-1997)B.A., Biola College; B.D., California Baptist Theological Seminary; M.A., U. of Southern California; Ph.D.,ibid. Generally speaking, riskier investments should be made when youre younger, so you have plenty of time to potentially recoup losses. 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. There are plenty of options and every investor is different. Plan to save at least enough to cover the essential and inevitable expenses, like healthcare, long after you retire.