What does Mutual of America do?
Mutual of America Life Insurance Company, referred to on this website as Mutual of America, has specialized in providing pension and retirement-related products, programs and services since 1945. We also offer such products as variable universal life insurance, and group life and disability insurance.
Is Mutual of America a 401k?
Mutual of America offers services to 401(a) Profit-Sharing plans, also called discretionary plans, which are similar to a money purchase pension plans in that the amount of an employee’s retirement benefit depends on the amount in an individual employee’s account at retirement.
Is Mutual of America a bank?
The Mutual of America Financial Group, also referred to as Mutual of America, is a Fortune 1000 mutual company based in Manhattan, New York City….Mutual of America.
| Type | Mutual |
|---|---|
| Industry | Financial services: Retirement |
| Founded | 1945 |
| Headquarters | New York City, United States |
| Area served | United States |
Is Mutual of America a brokerage firm?
Mutual of America Life Insurance Company operates as a brokerage firm. The Company buys and sells securities such as stocks, bonds, mutual funds, and other investment products.
Is Mutual of America a mutual fund?
A no-load mutual fund that is available to organizations, endowments, foundations, trusts, municipalities and other institutional investors.
Is Mutual of America a fiduciary?
Mutual of America’s Financial Consulting Services do not create an investment advisory or a fiduciary relationship (including under ERISA) between you and Mutual of America. Mutual of America and its Financial Consultants do not provide tax or legal advice.
Are 403b bad?
A 403(b) plan can be a good way to save for retirement, typically money goes in tax-free. So your 403(b) contributions may have less tax taken out in the long-run. That’s good news for you. Of course, if you expect to be in a higher tax bracket in retirement, then a 403(b) may not be a good option for you.