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Mutual of America Financial Group is the trade name used by Mutual of America Life Insurance Company (Mutual of America), a provider of retirement services and investments to employers, employees and individuals. Founded in 1945, the company provides products and services to help its customers build and preserve assets.
403 (b) plans are also referred to as a tax-sheltered annuity ( TSA) although since 1974 they no longer are restricted to an annuity form and participants can also invest in mutual funds. [4]
A 403 (b) plan allows you to save on a tax-advantaged basis, deferring taxes on your income and any investment earnings or enjoying a tax-free benefit, depending on which plan you select.
Investment choices are more limited with a 403 (b) than with a 401 (k), usually including only mutual funds and perhaps annuities, as mandated by the IRS.
If you have an employer-sponsored retirement plan, like a 403(b), leaving your job means you’ll need to decide what to do with your account. When retiring, you have three main options: You can ...
Examples of defined contribution plans include individual retirement account (IRA), 401 (k), and profit sharing plans. In such plans, the participant is responsible for selecting the types of investments toward which the funds in the retirement plan are allocated. This may range from choosing one of a small number of pre-determined mutual funds to selecting individual stocks or other ...
A 403(b) plan is a tax-advantaged retirement account that is specifically for public school employees and employees of some charities. Just like with a 401(k), both you and your employer can ...
Ideally a pension administration firm forms alliances with a handful of investment brokers who specialize in organizational retirement plans. In return for business referrals, the administration firm supports the broker by providing specialized knowledge in organizational retirement plans. Investment Brokers are overseen by various organizations according to the licensure they carry, including ...