Factors to consider
A number of factors must be considered in deciding if a Traditional IRA or Roth IRA is more advantageous for you. Some factors are:
- How long will funds remain in your Roth IRA before being withdrawn?
- What tax rate will apply to you when withdrawals are made?
- Will the federal government change tax rates in the future?
- What is the amount of the tax on a conversion of a Traditional IRA and the source from which it is paid?
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 funds 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 carefully consider a variable annuity contract’s other features before making a decision.
Form IRA-2004 or applicable state variation.