Explore the tax benefits associated with Traditional IRAs offered by Mutual of America. Eligible taxpayers can deduct their contributions fully or partially depending on their modified Adjusted Gross Income (AGI). Contributions grow tax-deferred, and withdrawals are taxed at ordinary income rates, potentially with penalties if taken before age 59½ unless exceptions apply. Detailed deduction limits are provided based on filing status and income levels, ensuring clarity for potential investors.
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