There are other options besides what you're doing, even at RMD age. Your spouse has to sign off on whatever you choose.Yeah I can see the rationale if withdrawing excess (non-RMD) funds, rollovers, conversions, transfers. But if you are beyond the minimum age and merely receiving just the actual RMD withdrawal amount as required before years end - the spousal waiver notarization is required!? Really!?
For example, you could have TIAA take the RMD automatically every year, in proportion from all accounts (including TIAA Traditional). My wife chose this option. I had to approve it only once, when she set it up.
Or you could annuitize part or all of your accumulation. If you were to annuitize all of it, I would expect your spouse would have to approve it only once.
Or you can roll over part or all of it to an IRA. If the IRA is outside TIAA, I'd expect you would need spousal approval. Afterward, I don't think you'd need (formal) approval to do anything with it at the other custodian.
Statistics: Posted by 22twain — Sat Dec 30, 2023 5:28 am