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Automatic Contributions – IRA and FPA
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As an IRA or FPA contractholder, you can make automatic contributions or even a
one-time payment to your IRA or FPA using Mutual of America's Automatic Contributions
program. Setting up Automatic Contributions is a simple and effective way to help
you build your retirement savings, especially when you consider the following benefits:
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Transfer funds automatically from your checking or savings account through the convenience
of
Electronic Funds Transfer (EFT).
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Make automatic contributions on a weekly, bi-weekly or monthly basis. You can even
choose to make a
one-time contribution.
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Cancel your automatic contributions with five-business-days' notice.
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Manage your automatic contributions through Mutual of America's website.
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- Provide an e-mail address for receiving confirmations of changes to scheduled contributions.
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Enter the bank account(s) you want to use for EFT contributions to your IRA/FPA
account.
- Schedule the amount and frequency of your contributions.
- Verify
your scheduled contributions and bank information.
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Learn More About
Contributions & Withdrawals.
The security of your personal information is important to us.
To guard your personal information while using our website, we maintain physical,
electronic and procedural safeguards that comply with federal and state laws and
regulations. Our website uses some of the most reliable forms of security measures
available to protect your information from unauthorized access, including firewall
barriers, 256-bit data encryption and Secure Sockets Layer (SSL) protocol.
Important information about IRA contribution limits.
Your contributions to an IRA are subject to annual limits imposed by the Internal
Revenue Code, which may change for future years. (The limits do not apply to rollover
contributions, and higher limits apply to employee contributions to a SIMPLE IRA
plan offered through an employer.) You should ensure that the automatic contributions
you request are within those annual limits for this year, and you should review
your automatic contributions at the end of each year to be sure you continue to
be eligible and to review the applicable limits for the next year. Additional information,
including the limits for the current year, is available on our website for
IRAs and
Roth IRAs.
To more fully understand the tax and planning considerations, including laws specific to your
state, you should consult a tax adviser.
To speak with a Mutual of America representative, please contact your local
Regional Office or call 1-800-468-3785.
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You should consider the investment objectives, risks, and charges and expenses of the variable annuity contract and the underlying investment funds carefully before investing. This and other information is contained in the contract prospectus or brochure and underlying funds prospectuses and summary prospectuses, which can be obtained by calling 800.468.3785 or visiting mutualofamerica.com. Read them carefully before investing.
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 qualified retirement plan or
IRA by applicable tax law. You should consider a variable annuity contract’s other features before making a decision.
Form IRA-2004 or applicable
state variation.
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