TIAA Financial Services Review

2.3/5 - (3 votes)

This is an archive of a consumer complaint published against TIAA Financial Services at DirtyScam.com-

 

Business Details –

  • Name: TIAA Financial Services
  • Address: California Street
  • City: San Francisco
  • State: CA
  • Phone: (888) 842-5499
  • Website: http://tiaa.org
  • Reported Loss: 2877 $
  • Severity of Scam: Medium

 

Original Complaint against TIAA Financial Services published at DirtyScam.com says, verbatim –

 

In 2018 my job has moved our funds to TIAA Financial Services and I dislike it. They practice seemed shady to me.They make it hard for you to see details of your accounts. You will not see where you over/ underperformed.They keep pushing you to let them invest from but I learned from experience that no one will care about your money performance more than yourself. Most of these funds will charge you for “buying & selling ” I guess that is how they operate.BE CAREFUL not to buy multiple stocks at once w them. Just buy 1 each paycheck.Example: if they charge $30/transaction and you split you investment in 3 every paycheck, you’ll pay them $90/paycheck( paid every 2 weeks). 90×2=$180/month.180*12= $2160/yr. your cost in 30 years would be: $2160x 30= $64,800.Bank never focus on short term, they focus on long-term. So should you.That is -$64,000 you will have on your retirement.

 

TIAA Financial Services

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