The Mutual of America Inherited IRA is a variable annuity contract that accepts the transfer of assets from a qualified
retirement plan or a Traditional IRA that have been inherited by a nonspouse beneficiary. An Inherited IRA allows
the contractholder to defer federal income taxes on the amount transferred, as well as any interest and investment earnings
that accumulate, until withdrawn. The Inherited IRA is subject to special required minimum distributions under the Internal
Revenue Code that, depending on the circumstances, may allow the beneficiary to take taxable minimum distributions spread
over his or her life expectancy, or to defer all withdrawals and taxes until the year of the fifth anniversary of inheritance.
Generally, amounts that you transfer to an Inherited IRA do not count against the
limitations on the amount of contributions that can be made to other types of IRAs during a tax year.
Individuals may purchase our Inherited IRA contract, if offered in their state, using death benefit proceeds payable
under an IRA or another qualified retirement plan such as a 401(k), TDA or 403(b) retirement plan from someone other
than a spouse. There is no minimum age or income requirement for owning an Inherited IRA.
The owner of an Inherited IRA contract may be an individual, an estate or a trust. Required minimum distribution options
will vary based on the type of owner and whether the decedent had reached his or her required beginning date for minimum
distributions at the time of his or her death.
Only pre-tax dollars can be used to open an Inherited IRA. If the inherited death benefit includes assets from
after-tax dollars (known as "basis" in the contract), these monies are not subject to income tax and cannot
be invested in the Inherited IRA contract. However, they can be used to open a
Flexible Premium Annuity (FPA) account.
Learn more about Features & Benefits.
The income tax information contained herein is general in nature and pertains only to federal income tax. State and local
income tax consequences may vary. The tax information contained herein is for informational purposes only and should not be
construed as tax or legal advice. You should consult your tax adviser or attorney regarding your individual circumstances.
Before investing, you should carefully consider the investment objectives, risks, charges and expenses of the variable annuity contract and the underlying investment funds. This and other information is contained in the
contract prospectus or brochure and underlying funds prospectuses and summary prospectuses.
Please read the contract prospectus or brochure and underlying fund prospectuses and summary prospectuses carefully before investing. The contract prospectus or brochure and underlying fund prospectuses and summary prospectuses can be obtained by mail or by calling 1-800-468-3785.
Mutual of America's IRAs are individual variable annuity contracts and are suitable for long-term investing, particularly for
retirement savings. The value of a variable annuity contract will fluctuate depending on the performance of the Separate Account
investment funds you choose. Upon redemption, you could receive more or less than the principal amount invested. A variable annuity
contract provides no additional tax-deferred treatment of benefits beyond the treatment provided to any IRA by applicable tax law.
You should carefully consider a variable annuity contract’s other features before making a decision.
Form INHER IRA-2010 or applicable state variation.