Important Information About the SECURE Act

President Trump recently signed the Setting Every Community Up for Retirement Enhancement Act of 2019 (the "SECURE Act"), the first major piece of retirement legislation enacted in nearly 15 years.

The SECURE Act features many provisions, including raising the age, from 70½ to 72, at which required minimum distributions (RMDs) from plans and IRAs must begin, and eliminating the maximum age for contributions to an IRA. Other provisions include ones intending to make it easier for employers to join multiple-employer plans, provide additional tax credits to start new plans and permit additional automatic safe-harbor contributions to be made to safe-harbor plans.

While some of its provisions are not effective until plan years beginning in 2021 and after, many of the Act's provisions are effective as of January 1, 2020. Amendments will be necessary for many of the Act's provisions. However, the Act includes a remedial amendment provision that permits plans to operate in compliance with the new provisions without having to be amended until the last day of the first plan year beginning on or after January 1, 2022.

We are evaluating the Act's impact on the products and services you currently receive from us and will be providing updates shortly. In the meantime, please call your local Mutual of America Regional Office representative if you have any questions.

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 1-800-468-3785 or visiting Read them carefully before investing.

Mutual of America's group and individual retirement products are 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 options 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.


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