Boost Your Confidence

Annual survey provides insights into retirement confidence and saving habits of Americans.

[This article was archived on 10/06/2017.]

Are you among the 60% of American workers who feel "very or somewhat confident" about having enough money for a comfortable retirement or part of the 39% who are "not too or not at all confident"?

These are just some of the findings from the 2017 Retirement Confidence Survey by the Employee Benefit Research Institute. The survey also revealed the following:

  • Workers who have a retirement plan are far more likely to feel confident about having enough money for retirement, as they have saved more than those without a plan, taken more steps to prepare for retirement and feel less stressed about retirement preparations.
  • Nearly three in four workers not currently saving for retirement say they would be at least somewhat likely to save for retirement if their employer matched their contributions.
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What You Can Do

Does preparing for retirement cause you to feel mentally or emotionally stressed, as three in 10 workers report in the survey? Whether you're 25, 45 or 60 years old, here are some ways to help boost your confidence about your financial future:

  1. Regularly contribute to your employer-sponsored retirement plan
  2. Increase your contributions, when possible
  3. Take advantage of any employer match
  4. Make catch-up contributions, if you're 50 years of age or older

To read the full survey, visit ebri.org.


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.



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