Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Papers of BCM faculty, staff, departments, students and affiliates (1987-2013)B.S., U. of Oklahoma; M.S.,ibid. We offer the following education training programs for Baylor faculty members. Baylor College of Medicine contributes 8% of your base annual earnings to the plan. 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. (1988-2009)B.S.E.E., Texas Tech U.; M.S.E.E., Southern Methodist U.; Ph.D.,ibid. General administrative services include recordkeeping, legal, accounting, consulting, investment advisory and other plan administration services. William L. Pitts, Jr., Ph.D., Professor of Religion. Learn about the plan basics, including eligibility, and investment options available through Fidelity and TIAA for Baylor College of Medicine retirement plan(s). Emeritus Faculty are nominated by their deans to the President through the Provost . (1981-2000)B.S., U.S. Military Academy, West Point; M.S., Rensselaer Polytechnic Institute; Ph.D., Arizona State U. Steven R. Eisenbarth, Ph.D., Professor of Electrical and Computer Engineering. No, there is no tax advantage to owning variable annuities or mutual funds in your TIAA-funded retirement plan. (1971-2016)B.S., Furman U.; Ph.D., Vanderbilt U. Deborah Johnston, Associate Professor of Health, Human, Performance and Recreation (1981-1987, 1988-2021)B.A., Northwest Missouri State U.; M.S.Ed., Baylor U., Ed., U. of Arkansas. (1990)B.S., Abilene Christian U.; M.B.A., U. of Texas; Ph.D.,ibid. Kenneth W. Busch, Ph.D., Professor of Chemistry. (1987-2007)B.S., Baylor U.; M.A., U. of Texas; Ph.D.,ibid. 401(a) Retirement Plan does not offer a loan feature. A mutual fund is a pool of securities, such as stocks and bonds, managed by an investment company. First, think about how far off retirement is. After enrolling, you'll receive a TIAA Welcome Kit and a Legal Package including your contract and contract number. (1968-2000)B.M., Morningside College Conservatory of Music; M.M., Indiana U.; D.M.A., U. of Arizona. If you were born in 1959, federal guidance is needed to determine if your RMD Applicable Age is 73 or 75. Many services are necessary for the day-to-day operation of your employer's retirement plan. Investment decisions should be made based on the investors own objectives and circumstances. (1981-2000)B.S.N., Wayne State U.; M.S.N.,ibid. ; Ph.D.,ibid. New bivalent COVID-19 vaccines and flu vaccines are available for patients with Baylor Medicine Primary Care Providers. There are several technology companies that offer end-to-end notarization systems. By Name By School Faculty Emeriti. Greg Benesh, Professor of Physics. As for income options, annuities offer you the opportunity for lifetime income with or without guaranteed payments for a fixed time period*. If requested before 2 p.m. you will receive a response today. David W. Eldridge, Ph.D., Professor of Biology. Supporting professional development, academic progression and career advancement of Baylor College of Medicine faculty members through their faculty life cycle; Enhancing faculty effectiveness as educators, clinicians, investigators, administrators and leaders; Partnering with the departments, College leaders and the Faculty Senate. Medicare Part B premiums . What is the difference between a mutual fund and an annuity? (2000-2018)B.A., Wheaton College; M.A., Princeton U.; Ph.D.,ibid. (1973-2011)B.S. Wilfrid Laurier U.; M.A., Lamar U.; Ph.D., U. Texas. A lump-sum payment, subject to a surrender fee, may be available depending on your plan rules and the terms of your contract. Baylor Retirement Plan - 403(b) | Human Resources | Baylor University ; Ph.D., Iowa State U. Jerry Waltman, Ph.D., The R. W. Morrison Professor of Political Science (2003-2020)B.A. As you get older, more of that money may need to go toward healthcare and other essential expenses. Member FDIC. (1986-2005)B.M., Peabody Conservatory of Music; M.M.,ibid. (1980-2013)B.S., College of Idaho; M.S., Baylor U.; Ph.D.,ibid. ; D.B.A., Indiana U. Michael W. Mansfield, Ph.D., Professor of Political Science. (1981-83, 1985-2001)B.S.N., U. of Texas, Arlington; M.S.N.,ibid. Thanks to compounding, any earnings on your investments gets reinvested and can potentially earn even more money, and so on. B.A., Furman U.; M.Div., Southeastern Baptist Theological Seminary; Ph.D., U. of Cambridge. America's fourth largest city is a great place to live, work and play. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. If requested before 2 p.m. you will receive a response today. You can choose to receive income for a set period of two to 30 years, depending on the terms of our contract and your plan's rules (and not to exceed your life expectancy). foundation of Medicarethe Emeriti Health Insurance Plan Optionsa range of plan options, including Medicare-approved Part D prescription drug coverage. ; Ph.D., U. of Florida. 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. (1983-2021).B.A., St. Olaf College; J.D., William Mitchell College of Law; LL.M., Temple U. Rosalie Beck, Ph.D., Associate Professor of Religion. Any guarantees under annuities issued by TIAA are subject to TIAA's claims-paying ability. Many participants enjoy the diversity of investing in mutual funds in their retirement plans. Judith R. Lusk, Ph.D., Professor of Family and Consumer Sciences. Baylor College of Medicine offers this plan as part of workplace benefits. ; Ph.D., Texas A&M U. James E. Wood, Jr., Ph.D., The Simon and Ethel Bunn Distinguished Professor of Church-State Studies. (1975-2018)B.A., Baylor U.; M.Div., Vanderbilt Divinity School; Ph.D., Vanderbilt U. Robert Piziak, Ph.D., Professor of Mathematics. ;ibid. Waco, Texas, BaylorUniversity Waco,Texas76798 1-800-229-5678, Departmental Resources: Tenure & Promotion, Evaluation, Tenure, Promotion, and Compensation, Policies and Procedures Related to Employment at Baylor, Course Actions, Revisions and New Proposals, BUPP 706 Faculty Workload and Merit Evaluation, BUPP 717 Academic Credentials for Faculty and Graduate Teaching, Strategic Enrollment Management (SEM) Plan, Baylor/Xavier University Exchange Program, Discipline-Specific Diversity, Equity, Inclusion, & Belonging Training and Education Proposals, HR Resources for Managers & Academic Leaders, Electronic Course Action System (ECAS) User's Guide, Robbins College of Health and Human Sciences, George W. Truett Theological Seminary Admissions. (1977-2010)B.A., Randolph-Macon Woman's College; Ph.D., Florida State U. Raymond J. Cannon, Jr., Ph.D., Professor of Mathematics. An annual TIAA Plan Servicing Fee of $191 is assessed if you maintain a Retirement Choice and/or Retirement Choice Plus account. Patricia W. Prewitt, Ph.D., Professor of Educational Psychology. Frederick R. Gehlbach, Ph.D., Professor of Biology. ; Ph.D., Texas Woman's U. Helen Shanley, M.M., Professor of Music. . (1990)B.A., Baylor U.; M.Ed., U. of North Texas; Ed.D.,ibid. (1984-2017)B.S., The Ohio State U.; M.S.,ibid. Consider adding annuities1 to your retirement plan so you can create a foundation of guaranteed monthly income for life when you stop working. Ron Stanke, Ph.D., Associate Professor of Mathematics. (1980-2020)B.A., U. of Houston; M.A., ibid. Have an edit or suggestion for this page. are eligible to submit an abstract for presentation as a virtual poster display at the showcase. If you currently use your SSN to log in, you may want to create a unique username instead, for added security. Charles J. Isoline, Ed.D., Professor of Art. Linda S. Adams, Ph.D., Professor of Political Science. Mary Ruth Smith, Ph.D., Professor of Art and Art History. 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. Learn about the investment options and plan basics - including eligibility - of each retirement savings plan offered by your employer. (1988-2015)B.B.A., U. of North Texas; M.B.A.,ibid., Ph.D., U. of Georgia.C. Faculty Senate. This practice is called "revenue sharing". One- or two-life annuity with guaranteed period, Qualified Domestic Relations Orders (QDRO), Sales charges, purchase, withdrawal and redemption fees for certain investments. As you get older, youll likely want to shift to conservative investments with lower risk. Baylor College of Medicine (Superfund Research Program) A mutual fund is a pool of securities, such as stocks and bonds, managed by an investment company. Who would benefit most from owning mutual funds? Prof. & Chair, Dept of Orthopedic Surgery Baylor College of Med and Chief Physician Exec, Baylor St . Take advantage of it. Norman L. Gilchrest, Ed.D., Professor Health, Human Performance and Recreation. (1963-1965, 1971-2004)B.S., Hardin-Simmons U.; M.S., Oklahoma State U.; Ph.D.,ibid. (1980-2008)B.S., Virginia Polytechnic Institute and State U.; M.S.,ibid. Interests in the retirement healthcare program are offered solely by the employer. Keep in mind: You may need to complete the required form found at Baylor College of MedicineOpens in a new window to tell your employer how much money you want taken out of each paycheck. Baylor College of Medicine Requirements, Tuition, and More (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. (1975-2019)B.A., Ohio State U.; M.A.,ibid. (1966-2000)B.A., Wake Forest U.; B.D., Southeastern Baptist Theological Seminary; Th.M.,ibid. Call 713-798-1000 Monday - Friday 8 a.m. - 5 p.m. ONLINE Request Now Request non-urgent appointments Find a Physician 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. TIAA Traditional is a guaranteed insurance contract and not an investment for federal securities law purposes. Baxter Johns, Ph.D., Professor of Mathematics. There are a number of important differences between mutual funds and annuities when they are offered under a retirement plan. (1982-2020)B.A., Rice U.; M.S., Northwestern U.; M.S., Baylor U.; Ph.D., Northwestern U. Rena Bonem, Ph.D., Professor of Geosciences. Krassimira Jordan, Professor of Piano (1989-2021)Diploma, Sofia Conservatory of Music; M.M.A., Vienna Academy of Music and Dramatic Arts. (2003-2018)B.A., U. of Dallas; M.A.,ibid. PPTX Baylor College of Medicine - Kenyon College If you are an eligible classification, you automatically become a participant in the Plan when you reach age 18 and have completed 1 hour . Your financial well-being is TIAA's top priority and we are committed to helping you make informed decisions. Thomas R Hunt, III, MD, DSc, FACHE Hand/Wrist/Elbow Surgeon - Educator, Author, Innovator - Fmr. (1967-2005)B.S. Mutual funds offer systematic withdrawals. Mary L. Herrington, Ed.D., Associate Professor of Curriculum and Instruction. Berry J. Klingman, M.F.A., Professor of Art. ; Ph.D., U. of Texas. Then strive to increase that amount by putting raises toward it and small annual increases. James D. Bargainer, Ph.D., Professor, School of Engineering and Computer Science. Emeritus Faculty | The City College of New York Rotating Internship in General Surgery, Internal Medicine, Obstetrics and Gynecology at the Government General Hospital, Madras, India. ; Ph.D., U. of Texas, Arlington. ; Ph.D., U. of Minnesota. A set amount your beneficiary(ies) will receive from your retirement account if you die before taking income. | 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. Elizabeth S. Githens, M.A., Professor of English. (1961-1996)B.A., New Mexico Highlands U.; M.A.,ibid. If you're married, you may be required to get spousal consent to receive any distribution option other than a qualified joint and survivor annuity. Pauline T. Johnson, Ph.D., Professor of Nursing. (1973-2009)B.A., Southern Methodist U.; M.A., U. of Texas; Ph.D.,ibid. Linda F. Garner, Ph.D., Professor of Nursing. (1990-2015)B.A., Wichita State U., M.A., Western Washington State U.; Ph.D., U. of Illinois. ; Ph.D, ibid. (1978-2016).B.A., U. of California at Los Angeles; M.A.,ibid. schedule an appointment with a TIAA investment professional or attend a seminar. (1987-2002)B.S.N., Baylor U.; M.S., U. of Colorado; Ph.D., U. of Wyoming. Call 713-798-1000 Monday - Friday 8 a.m. - 5 p.m. ONLINE Request Now Request non-urgent appointments Find a Physician John L. Pisciotta, Ph.D., Associate Professor of Economics (1980-2012)B.A., U. of Colorado; Ph.D., U. of Texas. Faculty Emeriti | New York Medical College Baylor College of Medicine contributes 8% of your base annual earnings to the plan. (1973-2008)B.S., Oklahoma Christian U. of Science and Arts; M.A., North Texas State U.; Ph.D., U. of Missouri. View your investment options with TIAA here. ; Ph.D., U. of Oklahoma. To obtain vesting information regarding this plan, contact TIAA at 800-842-2252. schedule an appointment with a TIAA investment professional or attend a seminar. Over the course of a year you pay for services like record keeping. Stephen Heyde, Professor and Director of Orchestral Activities, The Mary Franks Thompson Professor of Orchestral Studies, and Conductor-in-Residence (1984-2021)B.M., Capital U.; M.M., Carnegie Mellon U. Thomas S. Hibbs, Ph.D., Dean Emeritus and Distinguished Professor of Ethics and Culture. 1329 S. 7th Street (1973-2005)B.B.A., Baylor U.; M.B.A.,ibid. Rose, Ph.D., Professor of Finance, Insurance, and Real Estate. Sharp, Ph.D., Professor of Curriculum and Instruction. What are the benefits of owning mutual funds? Learn ways to save and invest to help you prepare for your retirement. W. Hulitt Gloer, Ph.D.,Professor of Preaching and Christian Scriptures. Mary Margaret Shoaf, Ph.D., Associate Professor of Mathematics. Find out who to contact about enrollment or investing. William R. Reichenstein, Ph.D., Professor of Finance. Make a selection before beginning enrollment. Delta R. Hafford, Ph.D., Associate Professor of Family and Consumer Sciences. Consider contributing to annuities1 that offer growth opportunities while your're saving and monthly income thats guaranteed for life when you retire. F. Eugene Tidmore, Ph.D., Professor of Mathematics. (1986-1987, 1988-2020)B.A., Northern Illinois U.; M.A., U. of Iowa; M.F.A., ibid. (1981-2015)B.S., East Carolina U.; M.A.,ibid. (1998-2017)B.S., Louisiana Tech U.; M.B.A.,ibid. (1985-2005)B.B.A., U. of Texas; M.B.A., U. of North Texas; Ph.D., U. of Arkansas, Fayetteville. ; Ph.D., Pennsylvania State U. J. William Petty, Ph.D., Professor of Finance, Holder of The W.W. Caruth Chair of Entrepreneurship, and Master Teacher. Baylor College of Medicine | Insights - TIAA (1977-2015)B.A., Ohio U.; M.A.,ibid. Reviewing your current investment mix to see if you need to rebalance your portfolio as you near retirement. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. (1972-2000)B.A., Occidental College; M.A., Florida State U.; Ph.D.,ibid. ; Ph.D.,ibid. Read it carefully. Taxes and penalties may apply. 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. Our Premedicine Program is designed for those students who desire to attend medical school upon undergraduate degree completion. The amount you withdraw will reduce your lifetime annuity income accordingly. This Plan is funded entirely by BCM; there are no employee contributions made to this Plan. (1997-2020)B.A. Schedule now . (1971)B.B.A., Baylor U.; M.B.A., U. of Southern California; D.B.A.,ibid. For help and advice, schedule an appointment with a TIAA investment professional or attend a seminarOpens in a new window. Resources. B.A., U. of Michigan; M.A., ibid. ; M.S.,ibid. (1976-2010)B.F.A., Bethany College; M.F.A., U. of Iowa. 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. (1963-1995)B.A., Cornell U.; M.S.,ibid. (1988-2020)B.S., U.S. Military Academy, West Point; M.B.A., U. of South Carolina; Ph.D., ibid. Post Graduate Training: 1967-68. Emeriti Plan View plan details Take charge of your future today. ; Ph.D., Louisiana State U. Tom Potts, Professor of FinanceB.B.A., Baylor U.; M.S., ibid. (1970-1974, 1976-2010)B.S.N., Baylor U.; M.S.N., U. of Minnesota; Ph.D., U. of North Texas. Patricia D. Wallace, Ph.D., Professor of History. You can increase, decrease or suspend the payments at any time. Mutual funds offer systematic withdrawals. Johanna Guenther, Ph.D., Associate Professor of Nursing. You must begin taking minimum distributions from your IRAs and employer retirement plan accounts by your required beginning date (or retirement, if later for employer retirement plan accounts). Donald L. Hardcastle, Ph.D., Professor of Physics. ; Ph.D., U. of Michigan. (1979)B.A., Southwest Texas State U.; M.S.L.S., Columbia U.; Ph.D., U. of Iowa. Mutual funds offer diversification, professional management, relatively low investment minimums and fees, and a range of choices among different asset classes. 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. The information herein is general in nature and should not be considered legal or tax advice. You can leave the tool now and go to Insights to read articles, use tools and see videos that will help you step forward. (1989-2002)B.A., U. of Texas; M.A.,ibid. Professional development opportunities are available for every stage of your career. Andy J. Moore, Ph.D., Professor of English. (1969-2011)B.S., U. of Texas, El Paso; M.M., U. of North Texas. This Plan allows employees to contribute pre-tax contributions through payroll deductions. If your plan allows, you can choose to receive regular income payments (minimum $100) on a semimonthly, monthly, quarterly, semiannual or annual basis. (1971-1986)B.M.E., U. of Oklahoma; M.M.,ibid. What is the difference between a mutual fund and an annuity? These costs are allocated to each participant in a uniform way. ; Ph.D., U. of Texas. Find out why.Get to Know Houston. (1975-2017)B.F.A., U. of Kansas; M.F.A., Indiana U. Robert B. Kruschwitz, Ph.D., Professor of Philosophy. Actual account balances will be determined by the contributions made and any investment gains or losses. 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. William E. McBride, Ph.D., Professor of Computer Science. ; Ed.D.,ibid. Schedule time with a financial professional to get help with your financial goals. Elisabeth J. Umble, Ph.D., Associate Professor of Management. The full name of Emeriti Retirement Health Solutions is The Emeriti Consortium for Retirement Health Solutions, an Illinois Nonprofit Corporation.