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TIAA IRA TIAA, FSB TRADITIONAL, ROTH and SEP IRA ADOPTION AGREEMENT Page 1 of 1 TIAA IRA TIAA, FSB TRADITIONAL, ROTH AND SEP IRA ADOPTION AGREEMENT Page 1 of 1 I have the authority and legal capacity to establish this IRA and to direct the purchase of mutual fund shares or other funding options offered as a part of this IRA; am of legal age in my state; and believe each investment is a suitable one for me. I have received, read and agree to the TIAA Individual Retirement Accounts Disclosure Statement and the TIAA, FSB Custodial Agreement. I understand that I may revoke this Agreement by notifying the Custodian, in writing, within seven days after receiving the Disclosure Statement. I authorize the TIAA, FSB and their designees to act on any instructions believed to be genuine for any service authorized in the Custodial Agreement, Enrollment Form, and Contribution Allocation Administrative Form. I believe the TIAA, FSB and their designees use reasonable procedures to confirm that instructions given by telephone or electronic means are genuine and are not liable for acting on these instructions. All services are subject to conditions set forth in the prospectuses or other applicable terms and conditions associated with funding options. I understand that each TIAA Funds IRA will correspond to one of my existing sets of TIAA and CREF Individual Retirement Annuity contracts. I understand that the beneficiary designation information applicable to my CREF Individual Retirement Annuity contracts will apply to the corresponding TIAA Funds IRA. If I am rolling over funds from an employer-sponsored retirement plan, I have reviewed the “Your Money. Your Future. Your Options.” document located at TIAA.org/knowyouroptions. I have determined that an IRA rollover is the right option for me. I understand that TIAA does not provide tax or legal advice. Additionally, TIAA does not provide fiduciary investment advice with respect to the advisability of rolling over funds to an IRA. This Agreement applies to all my TIAA IRAs. Under penalties of perjury, I certify that: (1) The number shown on this form is my correct taxpayer identification number (or I am waiting for a number to be issued to me); and (2) I am not subject to backup withholding because: (a) I am exempt from backup withholding, or (b) I have not been notified by the Internal Revenue Service (IRS) that I am subject to backup withholding as a result of a failure to report all interest or dividends, or (c) the IRS has notified me that I am no longer subject to backup withholding; and (3) I am a U.S. citizen or other U.S. person; and (4) The FATCA code(s) entered on this form (if any) indicating that I am exempt from FATCA reporting is correct. Please sign your full legal name with suffix, if applicable, using black Please print your name here Social Security Number or dark blue ink, or online using TIAA’s digital signing experiences. Non-TIAA digital Please sign here: signatures, such as signing Your Signature Today’s Date (mm/dd/yyyy) with Adobe Acrobat, are not accepted. / / 2 0 Receipt by the Depositor of a confirmation of the purchase of the fund shares indicated in a manner acceptable to TIAA-CREF Trust Company, FSB will serve as notification of the acceptance by TIAA-CREF Trust Company, FSB as Custodian of the Depositor’s Account as of the date of such confirmation. TAKMAG A11074 (11/18) TIAA IRA TIAA, FSB TRADITIONAL, ROTH AND SEP IRA ADOPTION AGREEMENT Please return ALL numbered RETURN COMPLETED FORM(S) pages, including any pages you did not need to complete. Upload your documents easily from your mobile device or computer. Use the TIAA mobile app to quickly upload your completed documents. It’s as simple as taking a picture: Tap the Message Center icon in the upper-right corner of your main screen. Select the Files header and tap Upload. That’s it! Haven’t downloaded the TIAA mobile app? Get it today in the App Store or Google Play. Don’t have a smartphone? It’s still easy. From your personal computer, here’s what you’ll need to do: Log in to your TIAA.org account and select the Actions tab. Choose Upload documents from the options presented. Select Upload Files and follow the step-by-step instructions. Faxing a document or using standard or overnight mail are also available, but can take more time. If you prefer one of these methods, use the information provided below to complete the process. FAX: STANDARD MAIL: OVERNIGHT: 800-914-8922 (within U.S.) TIAA TIAA 704-595-5795 (outside U.S.) P.O. Box 1271 8500 Andrew Carnegie Blvd. Charlotte, NC 28201-1271 Charlotte, NC 28262 TAKMAG A11074 (11/18) TIAA, FSB Custodial Agreements TIAA, FSB Traditional Individual Retirement Account, Simplified Employee Pension (SEP) or Roth Individual Retirement Account Custodial Agreement Part one: Traditional/SEP IRAs only Articles I to VII are applicable only to Traditional IRAs and are in the form promulgated by the Internal Revenue Service in Form 5305-A (Rev. April 2017) for use in establishing a Traditional Individual Retirement Custodial Account. Section references are to the Internal Revenue Code unless otherwise noted. ARTICLE I Except in the case of a rollover contribution described in Section 402(c), 403(a)(4), 403(b)(8), 408(d)(3), or 457(e) (16), an employer contribution to a simplified employee pension IRA as described in Section 408(k), or a recharacterized contribution described in Section 408A(d)(6), the Custodian will accept only cash contributions up to $6,000 per year for tax year 2020. For individuals who have reached the age of 50 before the close of the tax year, the contribution limit is increased to $7,000 per year for tax year 2020. For tax years after 2020, the above limits will be increased to reflect a cost-of-living adjustment, if any. ARTICLE II The Depositor’s interest in the balance in the Custodial Account is nonforfeitable. ARTICLE III 1. No part of the Custodial Account funds may be invested in life insurance contracts, nor may the assets of the Custodial Account be commingled with other property except in a common trust fund or common investment fund (within the meaning of Section 408(a)(5)). 2. No part of the Custodial Account funds may be invested in collectibles (within the meaning of Section 408(m)) except as otherwise permitted by Section 408(m)(3), which provides an exception for certain gold, silver, and platinum coins, coins issued under the laws of any state, and certain bullion. ARTICLE IV 1. Notwithstanding any provisions of this agreement to the contrary, the distribution of the Depositor’s interest in the custodial account shall be made in accordance with the following requirements and shall otherwise comply with Section 408(a)(6) and the regulations thereunder, the provisions of which are herein incorporated by reference. 2. The Depositor’s entire interest in the Custodial Account must be, or begin to be, distributed not later than the Depositor’s required beginning date, April 1 following the calendar year in which the Depositor reaches age 72. By that date, the Depositor may elect, in a manner acceptable to the Custodian, to have the balance in the Custodial Account distributed in: a. a single sum or b. payments over a period not longer than the life of the Depositor or the joint lives of the Depositor and his or her designated beneficiary. 3. If the Depositor dies before his or her entire interest is distributed to him or her, the remaining interest will be distributed as follows: a. If the Depositor dies on or after the required beginning date and: Custodial Agreements i. The designated beneficiary is the Depositor’s surviving Spouse, the remaining interest will be distributed over the surviving Spouse’s life expectancy as determined each year until such Spouse’s death, or over the period in paragraph (a)(iii) below if longer. Any interest remaining after the Spouse’s death will be distributed over such Spouse’s remaining life expectancy as determined in the year of the Spouse’s death and reduced by 1 for each subsequent year, or, if distributions are being made over the period in paragraph (a)(iii) below, over such period. ii. The designated beneficiary is not the Depositor’s surviving Spouse, the remaining interest will be distributed over the beneficiary’s remaining life expectancy as determined in the year following the death of the Depositor and reduced by 1 for each subsequent year, or over the period in paragraph (a)(iii) below if longer. iii. There is no designated beneficiary, the remaining interest will be distributed over the remaining life expectancy of the Depositor as determined in the year of the Depositor’s death and reduced by 1 for each subsequent year. b. If the Depositor dies before the required beginning date, the remaining interest will be distributed in accordance with (i) below or, if elected or there is no designated beneficiary, in accordance with (ii) below. i. The remaining interest will be distributed in accordance with paragraphs (a)(i) and (a)(ii) above (but not over the period in paragraph (a)(iii), even if longer), starting by the end of the calendar year following the year of the Depositor’s death. If, however, the designated beneficiary is the Depositor’s surviving Spouse, then this distribution is not required to begin before the end of the calendar year in which the Depositor would have reached age 72. But, in such case, if the Depositor’s surviving Spouse dies before distributions are required to begin, then the remaining interest will be distributed in accordance with paragraph (a)(ii) above (but not over the period in paragraph (a)(iii), even if longer), over such Spouse’s designated beneficiary’s life expectancy, or in accordance with paragraph (ii) below if there is no such designated beneficiary.
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