[This article was archived on 10/03/2016.]
In the midst of market turbulence, it's easy to lose perspective and make short-term investment decisions you may later regret. Keep in mind, however, the financial markets have experienced significant volatility in the past and have demonstrated the ability to weather such volatility and recover from short-term declines over the longer term.
So what to do with your hard-earned retirement savings? Experience has shown that, over time, a diversified asset allocation strategy that is regularly reviewed to ensure it is consistent with your time horizon and risk tolerance is the most prudent approach for retirement savings and investing. We continue to believe that retirement savings strategies should not be changed solely as a result of short-term volatility in the markets.
At Mutual of America, we have great confidence and believe strongly in the enduring strength and resiliency of the American economy. If you have questions related to your account, please contact your local Mutual of America Regional Office representative, or call 1-800-468-3785, today.
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Before investing, you should carefully consider the investment objectives, risks, charges and expenses of the variable annuity contract and the underlying investment funds. This and other information is contained in the contract prospectus or brochure and underlying funds prospectuses and summary prospectuses. Please read the contract prospectus or brochure and underlying fund prospectuses and summary prospectuses carefully before investing. The contract prospectus or brochure and underlying fund prospectuses and summary prospectuses can be obtained by mail or by calling 1-800-468-3785.
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-deferred 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.