Retire Secure for Professors and TIAA Participants by James Lange

"There is no one better than Jim Lange to provide outstanding retirement and tax advice for academics. Retire Secure for Professors and TIAA Participants should be on the top of your personal reading list."―Burton G. Malkiel, Professor Emeritus of Economics, Princeton University and Author of A Random Walk Down Wall Street, 13th ed. 2023

The Definitive Guide to Preserve Wealth and Pass On Your Legacy for Professors and TIAA Participants

A comprehensive tax-savvy retirement roadmap to saving more, having more, and leaving more from nationally recognized (quoted 36 times in The Wall Street Journal) and respected retirement planning expert, James Lange, CPA/Attorney.

Far and away the best of Jim's eight bestsellers for IRA and retirement plan owners. This book aims to help professors, TIAA participants and their families get the most out of their TIAA, IRAs, and other retirement saving plans—now and later.

Our extremely detailed Table of Contents can quickly provide you with an overview of the content and allow you to read the section(s) that interest you the most. The Key Ideas at the end of each chapter summarize our findings and recommendations.

But a punitive tax bite is ready to decimate your hard-earned savings. Are you prepared?

A provision in the SECURE Act could be financially devastating for the children and grandchildren of most retirement plan owners. The ticking time bomb radically modifies the Required Minimum Distribution rules for Inherited retirement accounts. Learn how to mitigate the disastrous effects of this forced income tax acceleration that will decimate savings and undermine the long-term financial plans of many retirement plan owners and their families.
Plan for your pre- and post-retirement financial success.

Maximize the Benefits of Your TIAA, IRAs, and Other Retirement Assets

• Learn the best saving and distribution strategies.

• Step-by-step guidance for accessing TIAA accounts after retirement.

• Three dedicated chapters based on peer-reviewed principles on the benefits of Roth conversions.

• Optimize Social Security strategies.

• Take advantage of a "secret" retirement plan available at some universities to double your retirement contributions.

Provide for Your Heirs

• Ensure financial security for your surviving spouse.

• Implement Lange's Cascading Beneficiary Plan™ that adjusts for contingencies and provides flexibility.

Little-Known Strategies with Big Tax Savings

• How to convert an Inherited 403(b) or 401(k) to a Roth at your beneficiary's tax rate after you die.

• How to transition after-tax dollars in IRAs or retirement plans to a Roth IRA at no cost.

• Who Gets What? This strategy evaluates leaving different assets to different beneficiaries―charities get IRAs, high-income beneficiaries get Roths, low-income beneficiaries get IRAs and after-tax dollars, and still equalize between children.

Provide for an Heir with a Disability

• If you have a beneficiary with a disability, you must read Chapter 13. The consequences of not attaining Social Security status as an Eligible Designated Beneficiary could be disastrous for a child's long-term security.

Book's recommendations could potentially help you reach some coveted quality of life goals.

• Take your entire family on an annual vacation with the confidence that you are not overextending your budget.

• Fulfill your bucket-list dreams.

Learn to use financial gifting to help your children when they need it the most―which serves everyone better than living a frugal lifestyle and leaving a larger inheritance with a large tax bill.