Keoghs are tax-deferred retirement plans for self-employed individuals and their own employees. They have the bonus of higher contribution limits than IRAs -- and a larger potential tax benefit.

•	In general, it works like and offers many of the same tax advantages as other tax deferred retirement plans.
•	Clients may be able to contribute as much as $41,000 per year. Clients are able to deduct contributions to a Keogh from their net self-employment income each year.
•	In addition, they may be able to deduct contributions made on behalf of employees who don't have an ownership interest in the business.

Solutions for Usage
Clients who have their own business may be interested in opening a tax-deferred Keogh plan for their retirement. Keoghs are designed specifically for self-employed individuals and their employees, and offer two distinct advantages over IRAs: a higher contribution limit -- up to $41,000 per year -- and a larger potential tax benefit. Clients can deduct contributions to a Keogh from their net self-employment income each year. In addition, they may be able to deduct contributions made on behalf of their employees (provided those employees do not have an ownership interest in their business). TIAA-CREF offers two types of Keogh plans -- profit sharing and money purchase. They differ in various ways.

TIAA-CREF Eligibility Requirements
To open a Keogh with TIAA-CREF, your clients must have net self-employment income and meet one of the following criteria:

•	Be employed by, or be a trustee (director) of, an eligible institution. "Eligible institutions" include colleges, universities, private schools, public K-12 schools, teaching hospitals, museums, cultural institutions, libraries, as well as other nonprofit organizations and government entities.
	Have an existing retirement annuity contract with TIAA or CREF. (Group insurance policies, TIAA-CREF Mutual Funds or TIAA-CREF Life Insurance products are not applicable for this purpose.)
•	Be the spouse or surviving spouse of a person who meets the above criteria.

TIAA-CREF Keogh Plan Options
Profit Sharing - With this plan, your client decides how much to contribute each year. A profit-sharing Keogh may be helpful particularly for businesses where income fluctuates from year to year. Once the plan is in place, the contribution rate can vary each year. Your clients can even decide not to contribute in any given year, although the plan must be maintained with the intention of making regular ongoing contributions.

Money Purchase - This type of plan allows clients to set annual contributions in advance under the terms of the plan. The money-purchase option may be best for clients who expect to be able to make the same contribution each and every year.

Plan Administration Services
Once TIAA-CREF has received all of your client's plan adoption/enrollment materials, we will send a Keogh Administration Guide to help with plan administration. TIAA-CREF will also provide assistance with:

Summary Plan Descriptions - When adopting a plan (for employers with common-law employees other than a spouse), your clients must provide each person with a summary plan description (SPD), generally within 120 days after the Plan is adopted. After that, newly enrolled participants in the plan must receive the SPD within 90 days of becoming participants. TIAA-CREF will provide your clients with a model for the summary plan description upon request.

Tax Reporting - Your clients may have to file IRS Form 5500 (Annual Return/Report to Employee Benefit Plans) each year. TIAA-CREF will send them the information necessary to complete Form 5500. Employees/participants must receive a summary annual report (SAR) when required. TIAA-CREF will provide your clients with the information and format to do the summary annual report.

Communications - Your clients must monitor employee eligibility requirements for plan participation and provide enrollment materials in a timely manner. TIAA-CREF will provide enrollment kits for plan participants. TIAA-CREF also provides all plan participants with quarterly statements and an annual report that includes illustrations of retirement income.

Contribution Calculations - Your clients must calculate annual contributions for themselves and their employees. TIAA-CREF will assist them with these calculations upon request. A contribution calculator is also available on the TIAA-CREF Web Center.

		Retirement Annuities: CREF Stock CREF Global Equities CREF Growth CREF Equity Index CREF Social Choice CREF Bond Market CREF Inflation-Linked Bond CREF Money Market TIAA Real Estate TIAA Traditional

Keogh annuity contract form series G1350. Not available in all states.

Teachers Personal Investors Services, Inc. and TIAA-CREF Individual & Institutional Services, LLC distribute securities products. For more complete information on securities products, please call 1 888 842-0318 for prospectuses. Read them carefully before you invest. TIAA (Teachers Insurance and Annuity Association), New York, NY and TIAA-CREF Life Insurance Co., New York, NY issue insurance and annuities. TIAA-CREF Trust Company, FSB provides trust services. Investment products are not FDIC insured, may lose value and are not bank guaranteed.