Mutual of America offers a comprehensive suite of options for IRA contributions, withdrawals, and retirement income. Contributions can be made via check or direct bank debits, adhering to established limits. Withdrawals from your Traditional IRA are tax-deductible, with no penalties from Mutual of America, although they are subject to ordinary income tax and potential additional penalties under certain conditions. The organization also facilitates rollovers from other retirement plans without immediate tax implications if completed within 60 days. For retirement income, options include specified payments, annuities, or a lump sum, each tailored to meet diverse financial needs and retirement goals.