It's National Retirement Security Week

See what you can do with your retirement savings during and beyond National Retirement Security Week.

[This article was archived on 10/22/2017.]

While saving for retirement may not be top of mind every day for most people, we all know how important it is to put aside money for your future. National Retirement Security Week (October 15–21) is an excellent reminder to focus on your retirement and your savings, and the things you can do to prepare for financial health and security during retirement.

After all, Americans are living longer. The Social Security Administration reports that, on average, a man who is 65 years old today can expect to live to age 84.2, and a woman who is 65 can expect to live to age 86.7.1 Unfortunately, 47% of American workers have less $25,000 in savings and investments.2

So what can you do? Whether you take action today or before the end of the year, it’s vital to think about your retirement savings goals, and then take positive steps to help you meet those goals. For example:

  • Contribute regularly to your retirement plan and, when possible, increase your contributions. A one, two or three percent increase can have a significant impact on your savings over time.
  • Always take full advantage of any employer match.
  • Boost your retirement savings with "catch-up" contributions, if you’re age 50 or older and eligible.
  • Use our Retirement Calculators, including the Retirement Readiness and Retirement Savings calculators, to see if you’re on track.
  • Call your Mutual of America Regional Office representative or meet in person, to discuss your retirement savings goals and ways to help you plan for a financially secure future.

Don’t delay – help ensure a brighter future by making the most of your retirement plan.

1

Social Security Life Expectancy Calculator

2

EBRI/Greenwald & Associates, "The 2017 Retirement Confidence Survey"


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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