I didn't, actually. I did dollar-cost averaging for quite a while, 75% stock and 25% fixed. I am not sure exactly how long, but I opened the account with some small lump sum in 1994 (at that point it might have been 50/50, dunno) and set up DCA twice a month rather later. I think I stopped making contributions about 2015, or at any rate I don't seem to have any statements about contributions past then (though my files are disorderly and incomplete - I probably do have bank statements I could check as well).I would not be surprised if she invested about the same amount of money in both the fixed and stock index funds, but the stock has grown to be much larger over nearly 30 years!
The TeaPA does not require RMDs and I could annuitize at any age up through 90. I would pay ordinary income tax on the gains but not the principal. Considering we have made out like bandits on taxes most of our lives thus far, including benefiting from the zero bracket on long-term capital gains and the step-up in basis on inheritance, it doesn't at all bother me that we'll be paying significant tax on retirement withdrawals. And we'll feel it a trifle less in this case than on withdrawals from IRAs where the whole thing gets taxed.
My retirement account through my 1990s employer included a stock portion as well, but I think that got rolled over into an IRA at some point, leaving only the TIAA Traditional bit behind.
Statistics: Posted by Irene — Tue Jun 11, 2024 5:56 pm