Want to feel more in control of your retirement savings?
Keeping track of your
retirement savings
Do you have assets in a former employer’s 401(k) or 403(b) plan, or in individual retirement accounts (IRAs)? Maybe you’re not even sure of the total value of all your retirement assets because they're spread across multiple accounts.
Good news: You can easily simplify the way you manage your retirement investments by consolidating all of them into your current employer-sponsored Mutual of America retirement plan, if permitted by your plan.
Having all your retirement assets in one place.
Consolidating could save you time and money by:
Options and support to help you prepare for retirement
Yes, it's your future—but you have support with Mutual of America. We're here to make sure you understand your options so you can stay on track and meet your savings goals.
Separate Account investment options:
Let's start together
Putting your retirement savings into one account can make it easier for you to take charge of your retirement savings strategy, monitor your progress toward your retirement financial goals, keep your asset allocation on track and make adjustments along the way, if needed. All your retirement assets are viewable and manageable on a single website.
Of course, before making a transfer, you should review the accounts you have with other providers to determine the fees and expenses you currently pay and whether there are any surrender charges that may result and to ensure that it is in your best interest to transfer your other accounts to your current plan.
Choose from a diverse selection of equity, balanced and fixed-income investment options from well-known fund management firms. Mutual of America’s target-date Retirement Funds can help take the guesswork out of building and maintaining an age-appropriate retirement portfolio. The asset allocation rebalances and becomes more conservative as you age, seeking to protect your assets as you approach retirement.
Interest Accumulation Account (IAA):
Grow your retirement savings with the Mutual of America IAA, which pays a fixed rate of interest declared by the Company from time to time, which is not reduced by expenses.
Now is the perfect time to consolidate your retirement savings into your employer-sponsored retirement plan. This way, you can take advantage of all the benefits that come with it. Eligible rollovers are tax-free and couldn’t be easier to do with Mutual of America’s personalized services.
Now have all of your retirement savings working together.
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One of our licensed rollover representatives will answer any questions and will help you consolidate your accounts.
Mutual of America is a leading provider of retirement products, offering personalized service at a competitive price to help plan participants and individuals build and preserve assets for a financially secure future. Integrity, prudence and reliability are the values that have guided us since our inception and that continue to serve us well. For more information, visit mutualofamerica.com, and connect with us via LinkedIn, Twitter, Facebook and YouTube.
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866.954.4321
Simplifying your recordkeeping.
Who needs the hassle of keeping track
of multiple retirement accounts, with multiple statements, from past employers and other providers? Consolidating your assets into one account reduces the number of statements you receive. Mutual of America’s eDocument capability can further streamline your recordkeeping and reduce paper clutter.
Saving on fees.
Fewer accounts may lower the amounts you pay in account management and maintenance fees, which means more of your money can work for you.
Maximizing your retirement savings.
If you work past age 73, consolidating all your accounts in your current employer’s plan will allow you to postpone required minimum distributions. Postponing distributions allows your savings more time to grow and compound on a tax-deferred basis until you decide to finally stop working.
Download the Brochure
Download the Brochure
You should consider the investment objectives, risks, and charges and expenses of the investment funds and, if applicable, the variable annuity contract, carefully before investing. This and other information is contained in the funds' prospectuses and summary prospectuses and the contract prospectus or brochure, if applicable, which can be obtained by calling 800.468.3785 or visiting mutualofamerica.com. Read them carefully before investing.
The target date set forth in each Retirement Fund’s name is the approximate date that the fund expects investors to retire and begin withdrawing their account balance. The value of a Retirement Fund is not guaranteed at any time, including at and after the target date. There is no guarantee that a Retirement Fund will correctly predict market or economic conditions, and as with other mutual fund investments, you could lose money. In addition to a retirement date, individuals should consider their risk tolerance, time horizon, personal circumstances and complete financial situation before investing.
We guarantee that we will credit interest for the life of the contract to amounts in the Interest Accumulation Account of our General Account at a rate at least equal to the greater of (1) any contractual minimum guarantee provided by the contract or (2) the minimum rate required by applicable state law, or if no state law minimum rate is applicable to a contract, the guaranteed minimum credited interest rate will be set pursuant to National Association of Insurance Commissioners (NAIC) standard nonforfeiture law. The NAIC minimum rate is determined in accordance with a formula and cannot be less than 1.00% or more than 3.00% in any event. We determine whether the application of the formula will change the minimum guaranteed rate each November, and any change is effective the following January 1 for that calendar year. The current minimum rate has been set at 1.00% in accordance with this formula. In addition, Mutual of America may credit interest to your contract amounts in the Interest Accumulation Account at a higher rate that we declare from time to time and which may increase or decrease at our sole discretion, although we are not obligated to credit interest in excess of the minimum guaranteed rate. If you have an existing contract, you should refer to it before making a decision, because it may have a guaranteed minimum rate in excess of the formula described above and the advertised declared rate. We compound interest daily on your contract amounts in the Interest Accumulation Account to produce an effective annual yield that is equal to the stated interest rate. This guarantee is subject to Mutual of America's financial strength and claims-paying ability.
The performance of the Separate Account investment options is not guaranteed, and any assets allocated to them may decrease or increase in value. For more specific information about our Separate Account investment options, including industry allocations and fund performance, please visit mutualofamerica.com.
Generally, 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. Consult your tax adviser regarding your specific situation.
The performance of the Separate Account investment options is not guaranteed, and any assets allocated to them may decrease or increase in value. For more specific information about our Separate Account investment options, including industry allocations and fund performance, please visit mutualofamerica.com.
The target date set forth in each Retirement Fund’s name is the approximate date that the fund expects investors to retire and begin withdrawing their account balance. The value of a Retirement Fund is not guaranteed at any time, including at and after the target date. There is no guarantee that a Retirement Fund will correctly predict market or economic conditions, and as with other mutual fund investments, you could lose money. In addition to a retirement date, individuals should consider their risk tolerance, time horizon, personal circumstances and complete financial situation before investing.
We guarantee that we will credit interest for the life of the contract to amounts in the Interest Accumulation Account of our General Account at a rate at least equal to the greater of (1) any contractual minimum guarantee provided by the contract or (2) the minimum rate required by applicable state law, or if no state law minimum rate is applicable to a contract, the guaranteed minimum credited interest rate will be set pursuant to National Association of Insurance Commissioners (NAIC) standard nonforfeiture law. The NAIC minimum rate is determined in accordance with a formula and cannot be less than 1.00% or more than 3.00% in any event. We determine whether the application of the formula will change the minimum guaranteed rate each November, and any change is effective the following January 1 for that calendar year. The current minimum rate has been set at 1.00% in accordance with this formula. In addition, Mutual of America may credit interest to your contract amounts in the Interest Accumulation Account at a higher rate that we declare from time to time and which may increase or decrease at our sole discretion, although we are not obligated to credit interest in excess of the minimum guaranteed rate. If you have an existing contract, you should refer to it before making a decision, because it may have a guaranteed minimum rate in excess of the formula described above and the advertised declared rate. We compound interest daily on your contract amounts in the Interest Accumulation Account to produce an effective annual yield that is equal to the stated interest rate. This guarantee is subject to Mutual of America's financial strength and claims-paying ability.
Mutual of America’s group and individual retirement products that are variable annuity contracts 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.
Of course, before making a transfer, you should review the accounts you have with other providers to determine the fees and expenses you currently pay and whether there are any surrender charges that may result and to ensure that it is in your best interest to transfer your other accounts to your current plan.
Insurance products are issued by Mutual of America Life Insurance Company. Mutual of America Securities LLC, Member FINRA/SIPC distributes securities products. Mutual of America Retirement Services LLC provides administrative and recordkeeping services. Mutual of America Financial Group is the trade name for the companies of Mutual of America Life Insurance Company.
320 Park Avenue, New York, NY 10022-6839
mutualofamerica.com • 800.468.3785 •
Let's start together
Want to feel more in control of your retirement savings?
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Securities offered by Mutual of America Securities LLC, Member FINRA/SIPC. Insurance products are issued by Mutual of America Life Insurance Company.
320 Park Avenue, New York, NY 10022-6839
mutualofamerica.com • 800.468.3785
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