Wayne Tile is a retailer of ceramic tile and marble. We serve northern New Jersey, and then we also sell as far up as Maine, and as far south as Virginia.
In the 1970s, we started a retirement plan. This was a family business. We had 20 employees. I knew the situation where every employee was in financially and where they were in their retirement plan, so I could make the decisions for everyone and feel comfortable that the plan was headed in the right direction.
Five years ago, I made a connection with Mark Brown, who’s a sales rep for Mutual of America, and he reviewed with me the current plan that we had, explained to me some of the drawbacks and every six months he would follow up with me and make a suggestion that maybe I want to meet with the regional manager of sales. Another time, he brought in the manager who would deal with us on a day-to-day basis on service points, the people who would be meeting with the employees to discuss their retirement plan. I met with everyone from a senior vice president, the actuarial staff, the administrative staff. So I made connections with all these different people across the range of Mutual of America. I had about 100 different investments and I needed to get them all consolidated and sold, and they lead me through the whole process.
Representatives from Mutual of America went to each of our locations in New Jersey, and they went up to Massachusetts and met with the 100 employees and the feedback I got is that they were very comfortable with moving forward.
I just can’t believe still how easy the whole transition was to Mutual of America. It’s like a huge burden is off my shoulders.Text:
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Mutual of America’s group and individual retirement products are 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-differed 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.
Statements made in this video by clients of Mutual of America are not paid testimonials. These testimonials may not be representative of the experience of other clients and are not indicative of future performance or success.