Guess what? I viewed my 2006 tax form provided by TIAA-CREF, and my SEP IRA contribution is included for the 2006 tax year. I am disappointed but not surprised. I’ve written about TIAA-CREF’s poor service many times, and one particular post still generates a number of comments. Investors still have various problems with TIAA-CREF, including delays in opening accounts and transferring funds as well as problems similar to my recent issue. I chose them initially because at the time I opened my Roth IRA I didn’t have enough money ready to invest to avoid Vanguard‘s fees.
It may be time to determine whether I should move my IRAs to better respected and lower priced management.
I hope I can get this resolved quickly as I plan on making my SEP IRA contribution for 2006 before filing my taxes. This will reduce the amount I will owe for a year in which my income was about $20,000 higher than what I expected.
P.S. This week I am giving away a copy of The Maui Millionaires for free. I’m be allowing entries until early next week, when the winner will be picked randomly.
Updated February 6, 2012 and originally published January 25, 2007. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.