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Fill Out Your Tiaa Cref F11270 Form

The TIAA CREF F11270 form is a request for a hardship withdrawal from the Metropolitan Water District of Southern California's retirement plan. This form allows individuals facing financial difficulties to access their retirement funds under specific circumstances. It’s essential to complete the form accurately and provide necessary documentation to ensure timely processing of your request.

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Article Structure

When financial emergencies arise, accessing your retirement funds may provide essential relief. The TIAA CREF F11270 form, specifically designed for the Metropolitan Water District of Southern California, facilitates hardship withdrawals from your retirement accounts. This form serves as a formal request, allowing you to outline your financial need and submit necessary documentation. Key information must be considered prior to initiating this process, ensuring you meet the required conditions and avoid potential delays. The form covers important elements such as the validation of your withdrawal request, applicable tax regulations, and documentation requirements based on the specific reasons for hardship. Withdrawals can lead to tax implications, and it’s vital to understand the consequences of early distribution. Additionally, you’ll be prompted to provide your account details, specify the withdrawal amount, and choose your preferred method for receiving funds. Throughout the process, the TIAA customer service team provides valuable support, guiding you through each step to secure your finances in times of need.

Tiaa Cref F11270 Example

METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA

REQUEST FOR

HARDSHIP WITHDRAWAL

For account information, or to check the status of your request or any questions:

Call 800-842-2252 Weekdays

8 a.m. — 10 p.m. (ET)

Saturday

9 a.m. — 6 p.m. (ET)

Or visit us online at TIAA.org 24 hours a day. Have your user ID

and password ready.

KEY INFORMATION TO CONSIDER

We’ll send the withdrawal amount after we receive your completed forms. The completed forms must be in good order. To avoid delays, be sure to complete all sections.

Prior to taking a hardship withdrawal, you must obtain all other currently available distributions under the plan and all other plans of deferred compensation, whether qualified or nonqualified, maintained by your employer. Your employer’s plan may also require you to first obtain all nontaxable loans available under the plan and all other plans maintained by the employer. Any cash distribution taken prior to a hardship withdrawal will be taxed at a federal tax withholding rate of 20% and, if applicable, state withholding will apply. Please consult your plan administrator if you have any questions regarding these requirements.

Internal Revenue Service (IRS) regulations governing withdrawals due to hardship provide that:

-Withdrawals due to hardship are not eligible to be rolled over, and

-They may be subject to optional income tax withholding. The default tax withholding is 10%.

State income tax withholding may be required from your distribution. If state withholding is mandatory, we will withhold at the rate required by your state. Please note: The state may allow you to elect not to have withholding applied, to choose additional withholding, or to specify the rate of withholding. For more information on state tax withholding, go to TIAA.org/public/tax-withholding. Call TIAA at 800-842-2252 if you have any questions.

A hardship withdrawal from your TIAA Traditional Annuity within Retirement Annuity (RA), Group Retirement Annuity (GRA) and Retirement Choice (RC) contracts is not available.

TACCT/OTCPAYHARD F11270 (12/19)

Teachers Insurance and Annuity Association of America (TIAA) acts as recordkeeper for the plan and will carry out transactions you direct in accordance with the plan.

	METROPOLITAN WATER DISTRICT	REQUEST FOR
	OF SOUTHERN CALIFORNIA	REQUEST FOR
	OF SOUTHERN CALIFORNIA	HARDSHIP WITHDRAWAL
		HARDSHIP WITHDRAWAL
		Page 1 of 6

Please print using black or

1. PROVIDE YOUR INFORMATION

dark blue ink.

First Name

Middle Initial

IMPORTANT: A full Social

Security Number is required

to process your request.

Last Name

Suffix

If you claim residence AND

citizenship outside the U.S.,

you must complete Form

Social Security Number/

W-8BEN in addition to this

Taxpayer Identification Number

Contact Telephone Number

Extension

form to certify your foreign

tax status. To print the

W-8BEN form, go to

State of Legal Residence

TIAA.org/forms, and scroll to

Citizenship (if not U.S.)

Find tax forms.

(if outside the U.S., write in Country of Residence)

*The Plan and Sub Plan 2. PROVIDE YOUR CONTRACT NUMBERS

Numbers should have

TIAA Number

CREF Number

been provided when you

requested the form. If you

do not have them, please

Plan Number

Sub Plan Number

reference your quarterly

statement.

Plan Name

Withdrawals from certain	3. TELL US HOW MUCH YOU WANT TO WITHDRAW (CHOOSE ONE)
mutual funds may be		A. I want to withdraw the entire amount available for hardship.**
mutual funds may be
subject to redemption fees
and may not be eligible			(The amount of the distribution may not exceed the amount of the documented financial need.)
for hardship. See the fund			Please indicate whether this is a net or gross amount.
prospectus for additional			Please indicate whether this is a net or gross amount.
prospectus for additional
information. Not all of your					Net (amount after taxes)	Gross (amount before taxes)
account balances may					Net (amount after taxes)	Gross (amount before taxes)
account balances may			(The amount will default to gross if no selection is made.)
be available for hardship			(The amount will default to gross if no selection is made.)
distribution. The amount	OR
eligible will be calculated		B. I want to withdraw only a portion of my available account balances as indicated.**
eligible will be calculated
based on the requirements
of your employer’s plan			(If you are not withdrawing your entire available hardship balance, indicate the dollar amount.)
documents and applicable				Dollar Amount**
IRS regulations.				Dollar Amount**
Remember, account	$
balances change daily based	$
balances change daily based			Please indicate whether this is a net or gross amount.
on market performance. Log			Please indicate whether this is a net or gross amount.
in to your account at					Net (amount after taxes)	Gross (amount before taxes)
in to your account at
TIAA.org or call us for
automated up-to-date			(The amount will default to gross if no selection is made.)
account information.			(The amount will default to gross if no selection is made.)
account information.			** Your hardship payment will be made proportionately based on all of your available funds.

TACCT/OTCPAYHARD		Teachers Insurance and Annuity Association of America (TIAA) acts as recordkeeper
F11270 (12/19)		for the plan and will carry out transactions you direct in accordance with the plan.

	METROPOLITAN WATER DISTRICT	REQUEST FOR
	OF SOUTHERN CALIFORNIA	REQUEST FOR
	OF SOUTHERN CALIFORNIA	HARDSHIP WITHDRAWAL
		HARDSHIP WITHDRAWAL
		Page 2 of 6

	4. PROVIDE PAYMENT INSTRUCTIONS

If you select direct deposit, you will usually receive funds within two (2) business days once we have all the required approvals and documentation.

You may fax copies of forms and documents if you request that we send the payment via direct deposit using banking information we already have on file. Otherwise, you must upload or mail original documents (not faxed copies) with this form.

If you choose to receive a check, we send it by standard U.S. Mail and it may take up to 8-10 business days for you to receive it.

TACCT/OTCPAYHARD F11270 (12/19)

NOTE: If TIAA is unable to validate your bank account information for any reason, or you do not make a selection below, we will automatically mail a check to your current address on file.

Please indicate where you would like us to send the money:

Direct Deposit to my bank account already on file:

Bank Name:

Account Number ending in:

Direct Deposit to my new Checking or Savings Account:

Checking Account OR		Savings Account

Provide documentation described in item A, B or C below.

A. Upload a photo of a voided check through our TIAA mobile app or log in to TIAA.org. You can also mail an original voided check to TIAA with this form. Starter checks, deposit slips, third-party checks and photocopies of checks are not acceptable.

B. Mail an original notarized letter from your bank (including all the information below) to TIAA with this form. Photocopies of checks are not acceptable.

On bank letterhead, which includes address of bank Name on your account

Address on your account Bank/ABA routing number Account number

Account type (personal checking account or personal savings account)

Signature of the financial institution’s representative. This signature must either be notarized by the financial institution’s notary or it must be a signature guarantee, including the stamp or seal from the financial institution’s authorized representative.

If any of the bullet points above are missing, we will send your payment to the current address on file.

C. Upload a photo of a Bank Generated Setup Form (including all the information below) through our TIAA mobile app or log in to TIAA.org. You can also mail an original to TIAA with this form. Photocopies of checks are not acceptable.

Name on your account Address on your account Bank/ABA routing number Account number

Account type (personal checking account or personal savings account)

Mail a check to my current address on file.

Note: To ensure your account is secure, we can’t send a check to a mailing address that has changed in the last 14 days. So, if you’re requesting that we send the payment to your mailing address and you’ve recently changed it, we may not be able to process your current request. Call us so we can discuss some of your options for completing your request.

Teachers Insurance and Annuity Association of America (TIAA) acts as recordkeeper for the plan and will carry out transactions you direct in accordance with the plan.

	METROPOLITAN WATER DISTRICT	REQUEST FOR
	OF SOUTHERN CALIFORNIA	REQUEST FOR
	OF SOUTHERN CALIFORNIA	HARDSHIP WITHDRAWAL
		HARDSHIP WITHDRAWAL
		Page 3 of 6

You must provide a copy of the applicable documentation with this form or your request for a

5. EARLY WITHDRAWAL CERTIFICATION—HARDSHIP

Please check the reason for your hardship withdrawal. Listed below each reason is acceptable supporting documentation of the unpaid/outstanding expenses.

distribution will be rejected.

The amount of the distribution may not exceed the amount of the documented financial need. If the total requested in Section 3 exceeds the amount of the documented

Reason for Hardship

Expenses directly related to the purchase of my principal residence

Documentation Required

Copy of purchase contract signed by buyer and seller.

AND

Copy of estimated closing costs documented by a financial institution. A Good Faith Estimate/Closing Cost worksheet has the estimated amount needed at closing.

Date of Documentation

Dated within the last 6 months and must not have been paid.

need, then only the amount of the documented need will be paid.

Funds needed to prevent eviction from my principal residence or foreclosure of mortgage on my principal residence

Expenses related to repair of damage to my principal residence incurred as a result of certain casualty damage

IRS defines deductible casualty event as the damage, destruction, or loss of property resulting from an identifiable event that is sudden, unexpected, or unusual (i.e., floods, hurricanes, tornadoes, terrorist attacks, vandalism and volcanic eruptions). Sudden is swift, not gradual or progressive. Unexpected is ordinarily unanticipated and unintended. Unusual is not a day-to-day occurrence and that is not typical of the activity in which you were engaged.

Copy of eviction notice/letter clearly stating the principal residence address, dollar amount that is due and the date it is due to prevent eviction. Supporting documentation from a private landlord must include the residential address and the contact information of the landlord inclusive of the telephone number, the name and signature of the landlord.

Copy of foreclosure notice/letter from mortgage company clearly stating the dollar amount that is due and the date it is due to prevent foreclosure proceedings. Default notices must state the loan will be accelerated and/or foreclosure proceedings will begin if default is not cured.

Copy of unpaid repair bill that indicates the address at which the work is performed. Provide the type of casualty and when it occurred and that it was a direct result of this casualty.

Insurance documents that show what was and was not reimbursable.

By signing the form requesting a hardship withdrawal, I certify that the damage covered by the attached bill occurred to my primary residence AND qualifies for a casualty loss deduction under Internal Revenue Code Section 165 that is not reimbursable by insurance.

Note: This does not include home improvements, additions, remodeling, routine upkeep and maintenance or progressive deterioration.

Dated within the last 3 months and must not have been paid.

Dated within the last 6 months and must not have been paid.

TACCT/OTCPAYHARD F11270 (12/19)

Teachers Insurance and Annuity Association of America (TIAA) acts as recordkeeper for the plan and will carry out transactions you direct in accordance with the plan.

	METROPOLITAN WATER DISTRICT	REQUEST FOR
	OF SOUTHERN CALIFORNIA
		HARDSHIP WITHDRAWAL

		Page 4 of 6

	5. EARLY WITHDRAWAL CERTIFICATION—HARDSHIP (CONTINUED)

Reason for Hardship

Expenses and losses related to a federally declared disaster

IRS defines such expenses and losses (including loss of income) as those incurred on account of a disaster declared by the Federal Emergency Management Agency (FEMA) under the Robert T. Stafford Disaster Relief and Emergency Assistance Act, Public Law 100–707, provided that the employee’s principal residence or principal place of employment at the time of the disaster was located in an area designated by FEMA for individual assistance with respect to the disaster.

Documentation Required	Date of Documentation
Copy of food and shelter invoices and/or unpaid	Dated within the last 6 months.
repair bills indicating the address at which such
expenses were incurred. If claiming loss of income,
documentation from your employer evidencing the
dates and amounts of lost salary, wages, and other
compensation resulting from your inability to work in
an area designated by FEMA as a federally declared
disaster.
By signing the form requesting a hardship withdrawal,
I certify that the expenses and losses covered by the
attached documentation occurred to my principal
residence or place of employment due to a FEMA
designated disaster.

Medical expenses that would be deductible under the Internal Revenue Code for Me, My Spouse, My Dependent and/or Primary Beneficiary under the Plan.

IRS Publication 502, Medical and Dental Expenses is a useful tool for determining which expenses are deductible. Please use the following link to access a list of deductible medical expenses: irs.gov/ publications/p502.

Copies of insurance statements showing amounts not reimbursed, along with unpaid bills. Explanation of benefits without an invoice is not acceptable.

If there is no insurance coverage, provide copies of medical bills showing the uninsured portion of the medical expenses, and

Medical expenses/co-payments must clearly be outstanding.

These expenses can also be incurred by your spouse or your dependent, so please indicate who is incurring the expense. Relationship to the employee must be indicated on the form and proof of dependency will be required (i.e., copies of tax forms, marriage license, etc.).

Dated within the last 6 months and must not have been paid.

Tuition, related educational fees, and room and board expenses, for up to the next

12 months of postsecondary education for Me, My Spouse, My Dependent and/or Primary Beneficiary under the Plan.

Burial or funeral expenses that would be deductible under the Internal Revenue Code for a Parent, Spouse, Dependent and/or Primary Beneficiary under the Plan.

Copies of unpaid tuition bill or statement from school/ college/university for up to the next 12 months.

AND/OR

Copies of unpaid bills or receipts for other related fees and expenses (i.e., books) or room and board for the next 12 months.

Note: Bills for previously attended semesters, or student loans, are not acceptable documentation. Must have an actual bill or invoice; hardship withdrawals cannot be processed for estimated costs of attendance.

Copy of unpaid bill for funeral or burial expenses.

Dated within the last 6 months and must not have been paid.

TACCT/OTCPAYHARD F11270 (12/19)

Teachers Insurance and Annuity Association of America (TIAA) acts as recordkeeper for the plan and will carry out transactions you direct in accordance with the plan.

	METROPOLITAN WATER DISTRICT	REQUEST FOR
	OF SOUTHERN CALIFORNIA	REQUEST FOR
	OF SOUTHERN CALIFORNIA	HARDSHIP WITHDRAWAL
		HARDSHIP WITHDRAWAL
		Page 5 of 6

Enter the percentage if you want taxes withheld. If you are a U.S. citizen residing outside the United States, you must elect income tax withholding. If no selection is made, federal taxes will default to 10%.

5.EARLY WITHDRAWAL CERTIFICATION—HARDSHIP (CONTINUED)

TAX WITHHOLDING

A Hardship withdrawal is considered a non-rollover eligible withdrawal because of taxation rules. Please select one option below for how we should handle the federal income tax from your payment.

No withholding; I will satisfy any tax obligation separately.

Default federal withholding of 10%

Fixed percentage				% (must be greater than 10%)

If you do not make an election above, we will apply the default withholding rate, which is 10% of the taxable amount for U.S. citizens residing in the Uited States.

SIGNATURE (Please read the following and sign your name to this form in the “Your Signature” box on the next page.)

I affirm that I have an immediate and heavy financial need, and I represent and affirm that I have insufficient cash or other liquid assets reasonably available to satisfy this financial need.

I affirm that I have already obtained all other currently available distributions under the plan from which I am taking this hardship distribution and under all other plans of deferred compensation, whether qualified or nonqualified, maintained by my employer.

I certify that the amount of the distribution that I have requested is not in excess of this immediate and heavy financial need.

I certify that the documentation that I have provided with this form is authentic.

If required by my employer’s plan, I certify that I have obtained all loans currently available from all funding vehicles under all plans of my employer and any other employer that is related to my employer. Maximizing loan availability may require a transfer of assets between funding vehicles. I understand that TIAA may verify this information at the direction of the employer and that TIAA will be entitled to rely on that verification to determine my eligibility for hardship withdrawal requests. (NOTE: Certification is not necessary if the taking of all available loans prior to a hardship withdrawal is not required by your plan rules; consult your plan administrator with any questions.)

I understand that TIAA will process my hardship distribution when all required documentation has been received and all required verification has been completed.

I understand that the amount of my hardship distribution cannot exceed the amounts available for hardship in my contract and that the amounts available for hardship can fluctuate based on market conditions. I understand that the amount verified as available for hardship distribution may be less than the amount that I have requested and less than the amount indicated on the documentation that I have submitted.

I understand that my hardship distribution may not be sent as a rollover to an IRA or to an employer’s retirement plan.

TACCT/OTCPAYHARD F11270 (12/19)

Teachers Insurance and Annuity Association of America (TIAA) acts as recordkeeper for the plan and will carry out transactions you direct in accordance with the plan.

	METROPOLITAN WATER DISTRICT	REQUEST FOR
	OF SOUTHERN CALIFORNIA	REQUEST FOR
	OF SOUTHERN CALIFORNIA	HARDSHIP WITHDRAWAL
		HARDSHIP WITHDRAWAL
		Page 6 of 6

If you’re married, you must sign and date this section before your spouse signs Section 6B.

Please sign your full legal name with suffix, if applicable, using black or dark blue ink. Non-TIAA digital signatures, such as signing with Adobe Acrobat, are not accepted. \

5. EARLY WITHDRAWAL CERTIFICATION—HARDSHIP (CONTINUED)

I understand that the tax consequences of any withdrawal are my responsibility to determine and satisfy. I am aware that a 10% early distribution tax penalty may be assessed by the IRS if I am under the age of 59½.

I hereby authorize TIAA, its authorized representatives and the Plan Sponsor to use my personal information, including personal medical information, for the purpose of processing my hardship withdrawal request. Except where ordered by a court of law or by a governmental agency, TIAA, its authorized representatives, and the Plan Sponsor shall not release any personal information used to process my request to any party without my prior written approval.

I understand that my account will not be liquidated until TIAA receives this form and has verified my eligibility for a hardship distribution under the terms of my employer’s plan and applicable tax law. This verification may take up to one (1) business day after the day TIAA has received this form. If my form is received after market close on a business day, then the process of determining my eligibility for a hardship distribution may not begin until the next business day. The amount of money that I receive will depend on the price at which TIAA can liquidate my account. Due to market fluctuations, such liquidation price could be less than the price at the time I submit this form to TIAA. As a result, the amount of money that I receive as a result of the liquidation of my account for a hardship distribution could be less than the market value as of the date that I submit this form.

AUTHORIZE YOUR REQUEST

By signing this form in the “Your Signature” box below:

You authorize TIAA to make withdrawals from your TIAA account balances, as stated in this form.

If you requested that your withdrawal be directly deposited, you authorize that the bank charge your account and refund any overpayments to TIAA. You release your bank from any liability to TIAA for overpayment above the amount of the funds available at the time TIAA requests a refund.

For your protection, TIAA may require additional verification of your identity before accepting your transaction as in good order. You agree that your transaction will be valued as of the market close on the business

day that all of steps necessary to verify your identity and the transaction to be in good order have been completed. You also agree that in the event these steps are completed after the market close on a business day, then your transaction will be valued as of the market close on the next business day. The amount

of money that you receive will depend on the share or unit price on the day on which your transaction is deemed to be in good order. Due to market fluctuations, the price your shares or units ultimately receive could be less than the share or unit price when you initiated this transaction. It is also possible that if we are unable to reach you to verify this transaction within 5 days, this transaction may be canceled.

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.

Your Signature\

Today’s Date (mm/dd/yyyy)

TACCT/OTCPAYHARD F11270 (12/19)

Teachers Insurance and Annuity Association of America (TIAA) acts as recordkeeper for the plan and will carry out transactions you direct in accordance with the plan.

METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA

REQUEST FOR

HARDSHIP WITHDRAWAL

Please return ALL numbered pages including any pages you did not need to complete.

RETURN COMPLETED FORM(S) TO:

If this is your first (or a new) direct deposit to the bank account you provided, please include some additional documentation. You can upload a photo of a voided check by following the instructions below. If you prefer to mail your documentation, you can send an original voided check, a letter from your bank, or a bank generated deposit setup form by standard or overnight mail.

If you’re using a bank we already have on file for direct deposit, you don’t need to provide the documentation listed above.

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 1259	8500 Andrew Carnegie Blvd.
	Charlotte, NC 28201-1259	Charlotte, NC 28262

CHECKLIST

Did you remember to:

Complete all necessary personal information and indicate how much you want to withdraw. (Sections 1, 2 and 3)

Let us know where to send your withdrawal: direct deposit to your bank account, or by check to your address on file. (Section 4)

If you chose direct deposit to a NEW checking or savings account, include an original voided check or an original letter from your bank or a bank generated setup form with the completed forms package. (We cannot accept faxed copies.) NOTE: You do not have to send this documentation if you chose direct deposit to a bank account we already have on file.

Sign and date this form. (Section 5)

TACCT/OTCPAYHARD F11270 (12/19)

Teachers Insurance and Annuity Association of America (TIAA) acts as recordkeeper for the plan and will carry out transactions you direct in accordance with the plan.

	METROPOLITAN WATER DISTRICT	REQUEST FOR
	OF SOUTHERN CALIFORNIA
		HARDSHIP WITHDRAWAL

FRAUD WARNING

FOR YOUR PROTECTION, WE PROVIDE THIS NOTICE/WARNING REQUIRED BY MANY STATES

This notice/warning does not apply in New York.

Any person who, knowingly and with intent to defraud any insurance company or other person, files an application for insurance or a statement of claim for insurance benefits containing materially false information or conceals, for the purpose of misleading, information concerning any fact material thereto, commits a fraudulent insurance act, which is a crime and may be subject to criminal penalties, including confinement in prison, and civil penalties. Such action may entitle the insurance company to deny or void coverage or benefits.

Colorado residents, please note: Any insurance company or agent of an insurance company who knowingly provides false, incomplete, or misleading facts or information to a policyholder or claimant for the purpose of defrauding or attempting to defraud the policyholder or claimant with regard to a settlement or award payable from insurance proceeds shall be reported to the Colorado Division of Insurance within the Department of Regulatory Agencies.

Virginia and Washington, DC residents, please note: Any person who knowingly presents a false or fraudulent claim for payment of a loss or benefit or knowingly presents false information in an application for insurance is guilty of a crime and may be subject to fines and confinement in prison.

TACCT/OTCPAYHARD F11270 (12/19)

Teachers Insurance and Annuity Association of America (TIAA) acts as recordkeeper for the plan and will carry out transactions you direct in accordance with the plan.

Get Tiaa Cref F11270 PDF Form

Form Characteristics

Fact Name	Fact Detail
Purpose of the Form	The TIAA CREF F11270 form is used to request a hardship withdrawal from the Metropolitan Water District of Southern California's retirement plan.
Withdrawal Processing	Funds will be sent once the completed and approved forms are received and deemed good order.
Tax Implications	Hardship withdrawals are subject to federal tax withholding at a rate of 20%, and state tax withholding may also apply.
Eligibility Criteria	A hardship withdrawal is only available after exhausting all other distributions and non-taxable loans under the employer’s plans.
IRS Regulations	According to IRS rules, hardship withdrawals cannot be rolled over and may incur optional income tax withholding.
State Compliance	If applicable, the form adheres to state regulations which may allow for adjustments to tax withholding rates.
Submission Requirements	Proper documentation supporting the hardship request must be provided; otherwise, the withdrawal will be denied.

Guidelines on Utilizing Tiaa Cref F11270

Filling out the TIAA Cref F11270 form is the next step in requesting a hardship withdrawal from your retirement account. Be sure to have all necessary information and documentation on hand to facilitate a smooth process. Completing this form accurately will help you to avoid any delays in receiving your funds.

Provide Your Information: Fill in your first name, middle initial, last name, suffix, social security number, contact telephone number, state of legal residence, citizenship status, and country of residence if applicable.
Provide Your Contract Numbers: Enter your TIAA number, CREF number, plan number, sub plan number, and plan name.
Tell Us How Much You Want to Withdraw: Choose whether you want to withdraw the entire available amount or a specific portion. Indicate if this amount is net (after taxes) or gross (before taxes).
Provide Payment Instructions: Choose between direct deposit or a check. If selecting direct deposit, provide documentation as required. If you choose a check, ensure that you have not changed your mailing address in the past 14 days.
Early Withdrawal Certification - Hardship: Check the reason for your withdrawal and include the required documentation. This could relate to housing expenses, medical bills, education costs, etc. Make sure that submitted documentation meets the requirements specified on the form.

After you complete these sections and attach the necessary documents, review the entire form for accuracy. Ensure your contact information is correct and submit the form as directed to initiate your hardship withdrawal request.

What You Should Know About This Form

1. What is the TIAA Cref F11270 form used for?

The TIAA Cref F11270 form is a request for a hardship withdrawal from the Metropolitan Water District of Southern California's retirement plan. This form allows participants to withdraw funds from their retirement accounts when they face financial difficulties that meet specific criteria. The withdrawal must be justified by a documented financial need.

2. How do I know if I qualify for a hardship withdrawal?

To qualify for a hardship withdrawal, you must demonstrate that your financial need stems from specific circumstances such as purchasing a primary residence, preventing eviction or foreclosure, covering medical expenses, or dealing with federally declared disasters. Documentation supporting your claim is necessary, and the requested withdrawal amount cannot exceed the documented financial need.

3. What types of supporting documentation are required for the hardship withdrawal?

Required documentation varies based on the reason for your hardship. For instance, if you are facing eviction, you must provide a copy of the eviction notice. For medical expenses, you need copies of unpaid medical bills. Each reason listed in the form has specific documentation requirements to verify your financial need.

4. What happens after I submit the form?

Once your completed TIAA Cref F11270 form is received, it will be reviewed for accuracy and completeness. If everything is in good order, TIAA will process your request. Funds requested through direct deposit usually arrive within two business days, whereas checks sent by mail may take up to 8-10 business days.

5. Are there tax implications when I take a hardship withdrawal?

Yes, hardship withdrawals are subject to federal tax withholding, typically at a rate of 10%. Additionally, your state may impose its own withholding requirements. Be mindful that any cash distribution taken prior to the hardship withdrawal may incur a federal tax withholding rate of 20%, and state taxes may also apply. Consult your plan administrator for specifics related to your situation.

6. Can I roll over a hardship withdrawal into another retirement account?

No, hardship withdrawals are not eligible for rollover into another retirement account. This means that once you withdraw the funds due to financial hardship, they cannot be moved into a different retirement plan or account. It's important to consider this when making your decision.

7. How do I submit the completed F11270 form?

You can submit the completed F11270 form by uploading it through the TIAA mobile app or TIAA.org. Alternatively, you may mail the original signed form along with the required supporting documentation to TIAA. Make sure to provide all necessary information to prevent delays in processing.

8. What if I am not a U.S. citizen?

If you claim residence and citizenship outside the U.S., you will need to complete an additional form, W-8BEN, along with the F11270 to certify your foreign tax status. This additional documentation ensures that your withdrawal adheres to IRS regulations applicable to non-U.S. citizens.

9. What should I do if I have questions about the form or my request?

If you have questions regarding the F11270 form or the status of your hardship withdrawal request, you can contact TIAA at 800-842-2252. Their representatives are available weekdays from 8 a.m. to 10 p.m. (ET) and Saturdays from 9 a.m. to 6 p.m. (ET). You can also visit TIAA.org 24 hours a day for more information.

Common mistakes

Filling out the TIAA Cref F11270 form, the Request for Hardship Withdrawal, can be a critical step for those seeking financial relief. Yet, many individuals make common mistakes that can delay or even jeopardize their requests. Understanding these pitfalls is essential to ensure a smooth process.

One frequent error is failing to provide a complete and accurate Social Security Number. This number is crucial for processing your request. If this section is incomplete or inaccurate, it can lead to unnecessary complications and delays. Be vigilant and double-check this information before submission.

Another mistake often made is not including proper documentation for the stated hardship. Each reason for withdrawal requires specific supporting documents, such as eviction notices or medical bills. If these documents are missing or inadequate, the request may be rejected. Therefore, it’s vital to carefully review the requirements and ensure all necessary documents are attached.

Misunderstanding gross versus net amounts is also a common issue. Some applicants erroneously indicate their withdrawal amount without making it clear if they mean gross (before taxes) or net (after taxes). This can lead to confusion and affect the actual amount received. Be clear in specifying which type of amount you are requesting to prevent setbacks.

Additionally, many individuals overlook the importance of the payment instructions section. Selecting a direct deposit without ensuring that bank account information is correct can result in delays. If there are discrepancies, a check may be mailed instead, prolonging the receipt of funds. Always verify that your account details are accurate and consistent with what is on file.

Another mistake involves neglecting the timeframe for documentation. Some documents must be dated within a specific time frame, typically six months prior to the request. If older documents are provided, the request could be denied. Staying organized and current with your documentation is crucial in this regard.

People often forget to check the mailing address on file, particularly if they’ve recently moved. TIAA cannot send a check to an address that has changed within the past 14 days for security purposes. This oversight might cause significant delays in processing your withdrawal request, making it imperative to keep your contact information updated.

Furthermore, applicants sometimes fail to identify and document the relationship of any dependents mentioned in the application. This can lead to misunderstandings regarding who incurs the expenses related to the hardship. Be sure to clearly indicate relationships and provide any necessary proofs to support your claims.

Lastly, many applicants do not consult with their plan administrator about the process. This lack of communication can result in misunderstandings regarding what is required for a hardship withdrawal. If in doubt, reaching out for clarification can save time and ensure that your request meets all necessary criteria.

By being aware of these common mistakes and taking the necessary steps to avoid them, you can significantly enhance the likelihood of a smooth and successful withdrawal process.

Documents used along the form

The TIAA-CREF F11270 form is primarily used to request a hardship withdrawal from certain retirement accounts. In addition to this form, there are several other documents that may be necessary to ensure your request is processed smoothly. Each document serves a distinct purpose and provides additional support for your hardship claim.

W-8BEN Form: This form is used by individuals or entities to certify their foreign status for tax purposes. If you claim residence and citizenship outside the U.S., you must complete the W-8BEN along with the hardship withdrawal form to confirm your tax treaty benefits.
Documentation of Hardship Expenses: You need to provide appropriate documentation that confirms your claimed hardship. This may include eviction notices, medical bills, or contracts related to the purchase of a primary residence, depending on the specific reason cited for the hardship withdrawal.
Proof of Dependency: If the hardship expenses are incurred by your spouse or dependent, you must submit proof of their relationship to you. This can be a copy of tax forms, a marriage license, or other relevant documentation that verifies their dependency status.
Bank Account Documentation: If you choose to receive your funds through direct deposit, you must provide documentation that verifies your bank account information. Acceptable forms include a voided check or a notarized letter from your bank confirming your account details.

Completing these additional documents thoroughly can help prevent delays in receiving your funds. Always ensure that you provide accurate and relevant information to support your request for a hardship withdrawal.

Similar forms

Withdrawal Request Form: Similar to the TIAA Cref F11270 form, a withdrawal request form is used when individuals need to request funds from their retirement or investment accounts. Both require personal information and the specific amount to be withdrawn.
Hardship Withdrawal Application: This document is specifically designed for users seeking to access retirement funds in case of significant financial stress. Like the F11270, it outlines eligible hardship criteria and the required documentation needed to substantiate the request.
Distribution Request Form: This form allows account holders to request a distribution from their retirement account. Both documents share common elements, such as outlining the available account balances and the necessary identification details from the requester.
Loan Request Form: A loan request form serves those needing immediate funds without submitting a hardship claim. Similar to the F11270, it involves clear instructions, necessary personal information, and assessments of eligibility based on account status.

Dos and Don'ts

Filling out the TIAA CREF F11270 form requires careful attention to detail. Here are some things to keep in mind:

Do check all sections of the form for completeness to avoid delays. Each part is essential for processing.
Don't leave any sections blank. If a question doesn't apply to you, write "N/A" instead.
Do ensure you provide your full Social Security Number; it’s crucial for processing your request.
Don't forget to sign the form. An unsigned form will result in rejection of your request.
Do include all required documentation for the reason of hardship stated. Incomplete documentation could delay your withdrawal.
Don't submit photocopied documents where originals are required. Original documents validate your request.

By following these guidelines, you’ll streamline the process and ensure a prompt response to your withdrawal request.

Misconceptions

Misconceptions about the TIAA Cref F11270 form can lead to confusion and delays. Here are ten common misunderstandings, along with clarifications to help ensure you navigate the process smoothly.

Everyone is eligible for a hardship withdrawal. Not all individuals can access hardship withdrawals. You must first exhaust all other distribution options available under your plan and any nontaxable loans your employer offers.
Hardship withdrawals are tax-free. This is incorrect. Hardship withdrawals are subject to federal income tax withholding at a default rate of 10%, and state withholding may also apply.
I can withdraw any amount I want. Withdrawals are limited to the amount that reflects your documented financial need. It's crucial to provide appropriate documentation to justify the withdrawal amount.
Completing the form once is sufficient. Ensure that you complete all the required sections on the form. Incomplete forms might result in delays or rejections.
My hardship withdrawal can be processed quickly. While direct deposits are often available within two business days of approval, any delay or document issues can significantly extend this timeframe.
I can fax my documents for a direct deposit. While you may fax initial forms, original documents must be provided for verification. Always check whether faxed copies are acceptable for your situation.
All mutual funds are eligible for hardship withdrawals. Some mutual funds may not qualify for hardship distributions due to redemption fees or other plan-specific rules. It's crucial to review the mutual fund prospectus for details.
I do not need to keep records of my expenses. Proper documentation is mandatory. You must retain and provide copies of all necessary invoices and bills that support your hardship claim.
I can submit any documentation I find necessary. Only specific documents as outlined in the form will be accepted. Ensure that you review the requirements carefully to avoid issues.
If my request is denied, I cannot reapply. While repeated denials can be discouraging, you can revise and resubmit your request if you correct any deficiencies in your application or supporting documentation.

Understanding these misconceptions can empower you to make informed decisions and facilitate a smoother request process for your hardship withdrawal.

Key takeaways

When filling out the TIAA CREF F11270 form for a hardship withdrawal, keep the following key takeaways in mind:

Complete All Sections: Ensure that every section of the form is filled out completely to avoid any delays in processing your request. Incomplete forms may result in your withdrawal being delayed or rejected.
Understand Distribution Rules: Before you can make a hardship withdrawal, you must explore other available distribution options within your employer's plan. These might include loans or nontaxable distributions. The IRS mandates that these steps be followed.
Tax Implications: Be aware that hardship withdrawals are subject to federal tax withholding, typically at a rate of 20%. Additionally, state taxes may apply. It’s wise to consult your plan administrator or a tax professional regarding these implications.
Specific Payments Required: If you select direct deposit, funds are usually processed within two business days. However, if any information is missing or incorrect, a check will be mailed instead, which may take longer to arrive.
Required Documentation: You need to provide supporting documentation based on your reason for the hardship. For example, if facing eviction, a notice from your landlord is essential. Ensure that all documentation is current and clearly outlines your financial need.
Withdrawal Limits: Remember that the withdrawal amount you request can only be up to the amount of your documented need. If your need exceeds what is available, only the documented amount will be processed.

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