Individuals
Individual retirement savings products designed to help you achieve a rewarding retirement
It's important to have a sound, long-term savings strategy. Mutual of America offers individual variable annuity products to help you reach your retirement goals, whether you're just starting out or looking to get your retirement savings back on track.
Traditional IRA
The Mutual of America Traditional IRA, a variable annuity contract, provides certain tax advantages when you set aside a portion of your earnings to build your retirement income. IRAs are available to all working and self-employed people and do not require employer sponsorship.1
Roth IRA
The Mutual of America Roth IRA, a variable annuity contract, does not provide up-front income tax deductions for contributions, but does provide tax-free investment earnings and tax-free distributions if qualified distributions are made.2
Flexible Premium Annuity
A Mutual of America Flexible Premium Annuity (FPA) is a non-qualified, tax-deferred, variable annuity contract designed to help you build savings for retirement. It may be appropriate if you are looking for another tax-advantaged way to save, and you want a guaranteed monthly retirement income.3
1 Eligibility to make pre-tax contributions is limited by income and whether you participate in an employer-sponsored retirement plan. Please consult with a tax professional or see irs.gov/retirement-plans/ira-deduction-limits for more information.↵
2 Eligibility to make contributions to a Roth IRA is limited by income and filing status. Please consult with a tax professional or see irs.gov/retirement-plans/plan-participant-employee/amount-of-roth-ira-contributions-that-you-can-make-for-2022 for more information. Nonqualified distributions of interest/earnings are subject to income tax at your ordinary income tax rate at the time of distribution and may be subject to an additional 10% penalty tax for distributions prior five years after your first contribution and before reaching age 59½. Mutual of America cannot provide tax advice. You should consult with a tax professional before making any distribution decisions.↵
3 Withdrawals of the tax-deferred interest and any 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. Guarantees are subject to Mutual of America's financial strength and claims-paying ability.↵
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 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 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 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
Form INHER IRA-2010 or applicable state variation
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 options you choose. Upon redemption, you could receive more or less than the principal amount invested.
Form FPA-2002 or applicable state variation
The tax information contained herein is for informational purposes only. You should consult your financial adviser or attorney regarding your individual circumstance.
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