MoA Inherited IRA
Mutual of America can assist you with your inherited IRA and answer any questions about your options
The passing of a loved one can be emotional and life-altering. During this time, you may have to make financial decisions that can seem overwhelming. Compounding the issue, the rules for inherited IRAs are complex and often difficult to understand.
Mutual of America Can Help You Every Step of the Way.
What Beneficiaries Need to Do
1. Notify Us
You (or the estate executor) need to send us the death certificate to start the inheritance process.
2. Set Up Your Inherited IRA
The assets will be moved into a MoA Inherited IRA in your name.
3. Follow Withdrawal Rules
The MoA Inherited IRA automates compliance with SECURE Act laws so your withdrawals meet IRS rules.
IRS Distribution Rules
The 10‑Year Rule
You must fully empty the inherited IRA by December 31 of the 10th year after the owner’s death.
Annual RMDs (in some cases)
If the original owner had already started their Required Minimum Distributions (RMDs), you must take yearly distributions in years 1–9. The remainder of the account must be withdrawn in year 10.
Tax Basics
Depending on what type of IRA has been inherited:
Inherited Traditional IRA: Withdrawals are generally taxable as regular income.
Inherited Roth IRA: Usually tax‑free withdrawals (as long as the Roth was open at least 5 years before the account holder's death.).
What We Provide for Beneficiaries
- Paperless, digital account setup and management.
- Access to wide array of Investment Funds and an Interest Accumulation Account from which to choose.
- Assistance with your Inherited IRA and and information about your options.
Connect with Us
Ready to learn more?
Get one-on-one assistance from a Rollover Specialist, Monday through Friday, 9:00 a.m. to 8:00 p.m. ET.
Need help with your existing MoA Self-Select IRA account?
We're happy to assist, Monday–Friday 9:00 a.m. to 9:00 p.m. ET.
This information has been provided for informational and educational purposes only and should not be construed as tax advice, investment advice or a recommendation of any particular investment product, strategy, or account arrangement, and is not tailored to the investment needs of any particular investor. You should consult a legal, tax, or financial professional in order to determine whether any investment product, strategy, or service is appropriate for your particular circumstances. Tax laws and regulations are complex and subject to change, which can materially impact investment results. We cannot guarantee that the information herein is accurate, complete, or timely. We make no warranties with regard to such information or results obtained by its use, and disclaim any liability arising out of your use of, or any tax position taken in reliance on, such information.
Be sure to consider all your available options and the applicable costs and services of each one before moving retirement assets. Factors to consider in this decision include, but are not limited to, account fees and expenses, range of investment options, service levels (including access to professional investment management), withdrawal penalties, and required minimum distributions. Consult a tax or legal advisor as tax consequences vary depending on state law and your individual situation.
Mutual of America Life Insurance Company and its subsidiaries receive fees in connection with the IRA accounts it offers as well as fees charged by products selected by clients for inclusion in their accounts.
