Based on my experience in the financial management business, we had a client who had an inherited account with TIAA/CREF and wanted to move it to our Schwab platform. The TIAA representative gave our client no end of trouble about redeeming her funds. It took about four months of procrastination and calls for excessive documentation by TIAA before our client finally got her money. TIAA was a wealth of wrong information. I agree with others to take your time, find an advisor who will provide an investment plan, and help you put your funds in Vanguard, T Rowe Price, Schwab or some other reputable firm. Go to the SEC Broker Check website and check out any advisor or broker you are considering doing business with. This site will provide the qualifications of the advisor, any disciplinary actions, and a form called the ADV that spells out how the advisor does business. Also available is a Brochure that discussed in plain English how the business is conducted, as well as the fees charged. If nothing more, stick the funds in a money market fund until you have a good investment plan.
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