Contributions
Contributions can be made by check. In addition, if you want to automate your savings, you can authorize monthly debits from your bank account directly into your IRA. Learn more about contribution limits.

Withdrawals
You can withdraw some or all of your Traditional IRA account balance subject to any applicable taxes. Mutual of America imposes no withdrawal charge. A 10% federal income tax penalty will apply to withdrawals made prior to age 59 ½, unless the withdrawal is a result of disability or death or in certain other circumstances.

What if I want to roll over money from another retirement plan?
When you leave your employer to retire or change jobs you may be able to roll your retirement plan savings to a Mutual of America IRA. If you receive a distribution from an IRA, a qualified pension or profit-sharing plan or a tax-deferred annuity plan, you may be able to roll over the distribution to a Mutual of America IRA. Provided the rollover is made within 60 days of the distribution, it will not be currently taxable. Distributions not handled by means of a direct rollover to a Traditional IRA are subject to mandatory 20% federal tax withholding. For more information about rolling over to a new Traditional IRA, refer to the Rollover IRA.

Learn more about Investment Alternatives.