Maxed Out on Your Retirement Plan?

You can continue to save for your retirement, make unlimited contributions, have your investment earnings grow tax-deferred and more.

[This article was archived on 4/3/2017.]

With Mutual of America's Flexible Premium Annuity (FPA ), a variable annuity contract, you can continue to save more for your future, even after you contribute the maximum allowed each year to your company's retirement plan and your IRA.

Maxed outMutual of America's FPA can help ease your concerns about not having sufficient retirement savings, because it provides the following advantages for retirement and other long-term savings needs.

Unlimited Contributions: You can contribute any amount you want, at any time you want, without restriction.

Tax-Deferred Growth Potential: You make after-tax contributions, and any interest or investment earnings grow tax-deferred until you make a withdrawal.

Interest Accumulation Account: For more risk-averse individuals, the Interest Accumulation Account provides a guarantee of principal and credited interest to protect against market risk. This guarantee is based on Mutual of America's financial strength and claims-paying ability.

Wide Selection of Investment Funds: You can choose from a diverse array of Separate Account investment funds in both equity and fixed income.

Under the Separate Account investment funds, participants benefit from gains and bear the risk of losses when the market fluctuates.

No Required Minimum Distributions (RMDs): You are not required to take RMDs from your FPA contract.

No Withdrawal or Surrender Fees and No Sales Commissions:1 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 (now reduced2) and underlying funds investment management fees and expenses.

For more information, or to download an FPA Application Kit, visit If you have questions, please call your local Mutual of America Regional Office.


Generally, withdrawals of tax-deferred interest and investment earnings 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.


Mutual of America's annual Separate Account fees on FPA Separate Account balances have been reduced from 1.20% to 0.90%. In addition, the underlying funds incur annual expenses (including management fees and other expenses) that range from 0.16% to 0.99%.

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 and 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 1-800-468-3785.

Mutual of America's FPA is an individual variable annuity contract and is 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.

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