The Tax Deadline has been Extended to April 18th

Deadline Pic This year, the tax deadline has been extended to April 18, so you have three extra days to complete your taxes and reduce your 2016 tax bill with a Traditional IRA contribution and tax deduction.

With a Mutual of America IRA, a variable annuity contract:

CheckMark You can still make up to a $5,500 tax-deductible IRA contribution for the 2016 tax year, if you qualify for this tax deduction.*
CheckMark If you are age 50 or older and qualify for this deduction, you can contribute up to an additional, tax-deductible $1,000 for 2016.*

You also have until April 18 to contribute to a Roth IRA for the 2016 tax year. Or, you can get an early start on your 2017 IRA contributions right now!

 

Roll Over to an IRA at Any Time!

If you have IRAs with other financial institutions, or are entitled to a distribution from an employer's 401(k) or 403(b) or other qualified retirement plan, you can make a rollover to a Rollover IRA. You don't have to do it by April 18!

By consolidating your retirement savings with other financial institutions into a Mutual of America IRA, you can make it easier to manage your retirement assets and review their overall performance with just one account instead of several. By reducing the number of accounts, you may also be able to reduce your account maintenance fees.

Before rolling over funds from plans with other providers, you should review the accounts you have with them to determine the fees and expenses you currently pay and whether there are any surrender charges that may result and to ensure that it is in your best interest to roll over your other accounts to a Rollover IRA.

*Contributions, whether deductible or not, may not exceed 100% of your compensation for personal services as reported in your gross income for the year.

Before investing, you should carefully consider the investment objectives, risks, charges and expenses of the variable annuity contract and underlying investment funds. This and other information is contained in the contract prospectus and the underlying funds prospectuses and summary prospectuses. Please read the prospectuses and summary prospectuses carefully before investing. The prospectuses and summary prospectuses can be obtained by mail or by calling 1-866-939-7655.

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 IRA-2004 or applicable state variation
HRTX0117


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