Your Financial To-Do List

Regardless of your age, focusing on retirement to-dos can feel challenging, especially in a year that has been filled with financial and economic turbulence. However, here are nine things that can be tackled before the end of 2021.

1. Max out contributions to your retirement plan. Here are the 2021 Contribution Limits.

2. Make "catch-up" contributions, if you're age 50 or older, to help boost your savings. Check out the 2021 Contribution Limits.

3. Increase your contribution rate, if possible—even a percentage point or two increase can make a significant difference in savings over time.

4. Take full advantage of any employer match, if offered. That's like getting a raise just for saving for retirement.

5. Spend your Flexible Spending Account money by December 31 if you set aside pretax money with your employer. Check with your Benefits department.

6. Check out the Saver's Credit before year's end to see if you qualify.

7. Review your asset allocation on My Account to help ensure that your mix of investments continues to reflect your risk tolerance and long-term goals.

8. Review your beneficiary designations by calling your local Mutual of America representative. You can download a Beneficiary Designation Form through My Account if you need to add or change a beneficiary.

9. Call your local Mutual of America representative for any other questions you may have about your retirement plan.

You should consider the investment objectives, risks, and charges and expenses of the investment funds and, if applicable, the variable annuity contract, carefully before investing. This and other information is contained in the funds' prospectuses and summary prospectuses and the contract prospectus or brochure, if applicable, which can be obtained by calling 800.468.3785 or visiting Read them carefully before investing.

Mutual of America's group and individual retirement products that are variable annuity contracts 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 options 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 consider a variable annuity contract's other features before making a decision.

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