Tuesday, November 18, 2008

Met with a TIAA-CREF Counselor Today

Like everyone else I am worried about the loss in value of my TIAA-CREF pension. Part of it is in a savings account while the other part is in stocks which have obviously diminished in value. I still have at least 9 years before I will retire which is a very long time. Certainly, the stock market is likely to recover in that time. He told me that at any time I can withdraw the funds in stocks and put them in savings. I have decided to stay the course and not change my withdrawls to this pension fund.

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