I have a 401k from my former employer with about $500k in it that's been sitting there for the 5 years since I left that job. I want to move it all to Vanguard funds to lower costs. My question for you all: is there any reason NOT to do this? Is there any benefit to staying at TIAA? The only one I can think of is that they offer the option to convert some or all of the account to an annuity, but not sure I really need one. My husband and together have another $1.5 million saved, we have no kids, house is paid off, no debt. I'm 60 and he's 58 and is planning to retire sometime in the next 6 months.
My TIAA account has done pretty well over the past 5 years - about 8% rate of return.