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| The Current Effective Annual Yield for IRAs |
 | 3.50% Interest Accumulation Account current effective annual yield for total IRA account balances of $100,000 or more.* | | 3.25% Interest Accumulation Account current effective annual yield for total IRA account balances of at least $50,000 but less than $100,000.* | | 3.00% Interest Accumulation Account current effective annual yield for total IRA account balances of under $50,000.* |
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Widen Your Investment Choices.
A Mutual of America Rollover IRA provides an Interest Accumulation Account and a broad array of Separate Account investment alternatives to help you meet your retirement savings objectives. The Separate Account investment alternatives are invested in quality investment companies, including Mutual of America Investment Corporation, Oppenheimer Funds, Calvert Variable Series, Inc., American Century Variable Portfolios, Inc., Fidelity Investments® Variable Insurance Products Funds, DWS Variable Series I and Vanguard Variable Insurance Fund. |
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Continue Your Tax Advantages.
When you directly transfer your assets into a Mutual of America Rollover IRA, your money continues to grow tax-deferred until you withdraw it, typically at retirement.** |
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Streamline Your Retirement Savings.
If you have a number of retirement accounts with previous employers and at other financial institutions, keeping track of your retirement savings investment performance and asset allocations can be difficult for you and your heirs. A Mutual of America Rollover IRA provides a convenient way to consolidate your assets into one account, making it easier for you to review your investment performance and map out a strategy to reach your retirement goals. |
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Maintain Maximum Flexibility.
When you invest through a Mutual of America Rollover IRA, you pay no commission charges, no front- or back-end loads, and no withdrawal or surrender charges.** Not only will this save you money, you can invest knowing you're never locked in. |
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Create an Annuity Income Stream You Can't Outlive.
When you're ready to retire, a Mutual of America Rollover IRA provides a number of options for withdrawing your money, including a guaranteed income for life through an annuity. If you choose an annuity option, payments under the annuity are guaranteed by Mutual of America Life Insurance Company. |
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| *Total IRA account balance for Traditional and Roth IRA contracts is determined by aggregating all amounts in the Interest Accumulation Account and in the Separate Account investment alternatives for all IRA contracts (except SEP and SIMPLE IRAs) held by the same person . |
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| Your total IRA account balance will be reviewed on a daily basis and used to determine the applicable interest rate credited to only amounts held in the Interest Accumulation Account. When the total account balance on a daily basis increases to a dollar threshold that qualifies for a higher interest rate (as shown above), such higher interest rate, then in effect, begins to be credited to the contract the next day. However, when the total account balance on a daily basis decreases below the dollar threshold specified for a higher interest rate, the applicable lower interest rate does not begin to be credited to the contract until the first day of the month following the date on which the total account balance fell below the dollar amount required for the higher interest rate, and provided that the total account balance remains below the dollar amount required to qualify for the higher interest rate as of the end of that month. |
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| There is a $2.00 contract fee charged monthly from the Interest Accumulation Account (or 1/12 of 1% for account balances less than $2,400) which can be waived if you choose to use eDocuments to receive information from us electronically. |
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| You can choose to place all or a portion of amounts held under your IRA contract in the Interest Accumulation Account, which credits interest at a rate that we declare from time to time. This interest rate may increase or decrease at our discretion. The minimum guaranteed interest rate that is credited to the Interest Accumulation Account of your contract is set by the laws of each state for individual annuity contracts using a formula adopted by the state for this purpose and cannot be less than 1% nor greater than 3%. The minimum guaranteed effective annual yield for amounts in the Interest Accumulation Account for individual annuity contracts for calendar year 2008 is set at 3.00%. A new minimum guaranteed interest rate, based on the formula in your contract, is set during each November for the coming calendar year. Such guarantee is based on the financial strength and claims-paying ability of Mutual of America Life Insurance Company. |
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| ** Withdrawals prior to age 59½ may be subject to a 10% penalty imposed by the IRS. In addition, amounts withdrawn are generally subject to ordinary income taxes. |
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| For complete information on our Mutual of America Rollover IRA, please read carefully the contract prospectus and Underlying Funds prospectuses. These prospectuses contain information on investment objectives, risks, charges and expenses (a contract fee, separate account expenses and Underlying Funds expenses) and other information, which should be considered carefully before investing. The prospectuses may be obtained by calling 1-866-939-7655 or may be downloaded by clicking the "Download Now" link in the upper left column of this page and following the instructions that will appear. |
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| The Mutual of America Rollover IRA is an individual variable accumulation annuity contract, suitable for long-term investing, such as for retirement savings, and is issued on form IRA-2004 or a similar form specific to your state of residence. This contract provides no additional income-tax deferral advantages beyond those available in a tax-deferred arrangement, i.e., an IRA itself. You should consider the other features of Mutual of America's annuity contract before making a decision, as well as the potential for a loss of account value due to the Rollover IRA's variable separate account investment alternatives. |
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