Features & Benefits
Features & Benefits of an Inherited IRA from Mutual of America

Continue to defer federal income taxes on amounts transferred from a qualified retirement plan or traditional IRA, subject to required minimum distribution rules.
Depending on circumstances, receive annual payments based on life expectancy or defer all taxes for up to five years from inheritance.
Withdrawals can be made at any time.
No minimum age or income requirement.
Interest and/or investment earnings credited to your account accumulate tax-deferred until they are withdrawn.
No surrender or withdrawal charges. There is a contract fee (unless you elect to receive documents electronically), and investments in the Separate Account investment funds are subject to Separate Account charges and underlying funds investment management fees and expenses. Withdrawals are subject to income tax at your ordinary income tax rate at the time of withdrawal, and if made prior to age 59½, a 10% federal tax penalty.
No surrender or withdrawal charges. Withdrawals are subject to income tax at your ordinary income tax rate at the time of withdrawal, and if made prior to age 59½, a 10% federal tax penalty.
No front-end sales loads.
A carefully selected array of Investment Funds under which you benefit from gains and bear the risk of losses when the market fluctuates.
An Interest Accumulation Account to help protect against market risk.
Unlimited allocation changes and transfers. Subject to the Company's Frequent Transfer Policy. Requests for transfers to the international funds, or revocations of such transfer requests, must be in writing, by U.S.P.S. regular mail.
24-hour access to account information via our toll-free phone number and this website.
Comprehensive quarterly statements and informative newsletters.

Learn more about Contributions & Withdrawals.
 

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.


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