Take Advantage of a Company Match

Many company-sponsored retirement plans offer an employer match. This means that the employer will match a certain percentage of your contribution, up to a specific level of your salary.

Here's how you can benefit: using the example below assume you earn $35,000 a year and contribute 6% of your salary ($2,100) annually. Also assume that your employer offers a match of 50% of your contributions up to 6% of your annual pay – which provides $1,050 more in tax-deferred contributions going directly into your plan each year. That's like getting a raise just for saving for retirement.

As the graph shows, over time this can provide a substantial addition to your retirement assets. Check with your Human Resources or Benefits department to learn if your plan offers an employer match, and if it does, take advantage of it.


This hypothetical example is for illustrative purposes only and does not represent any actual investment performance, price or yield. This illustration assumes a beginning balance of $0, assumes no increase in earnings and has an annual rate of return of 6%. Investment returns are not guaranteed, and your actual return may vary significantly from that shown.

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 mutualofamerica.com. 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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