Get Smart...Financially

Three tips to help you get started during Financial Literacy Month.

What does it mean to be financially literate? With so much going on in our everyday lives, taking the time to understand financial concepts and then acting on that knowledge may not be a top priority. But doing so can help you make more informed financial choices for your future.

April is Financial Literacy Month and an excellent time to improve your understanding of financial concepts and the importance of saving for retirement. Throughout the month, we'll address financial literacy, including ways to increase saving and reduce expenses, help you gain a better understanding of Social Security retirement benefits and much more.

Here are three tips to help you get started:

1.

Get Up to Speed with Financial Information. Choose a few reliable content sources online that provide easy-to-understand and helpful insights about financial literacy and money. Resources on these subjects, as well as budgeting worksheets, are also available at federalreserveeducation.org and mymoney.gov.

 

2.

Crunch the Numbers Using Our Online Calculators. Spend a few minutes taking our Investment Questionnaire. This questionnaire can help you explore your investment experience, risk preferences, and help you develop your investment strategy. Also, try the Retirement Savings and Retirement Income Calculators to help you assess where you are with your savings goals.

 

3.

Take Advantage of Our Personalized Service. Connect with your local Mutual of America Participant Account Representative by phone, email or in person to answer your questions about the various financial concepts that relate to your retirement savings. They can also emphasize the value of saving for your future and help you assess your retirement readiness as you plan for a financially secure retirement.

 

For more information, contact your local Mutual of America representative today. 

You should consider the investment objectives, risks, and charges and expenses of the variable annuity contract and the underlying investment funds carefully before investing. This and other information is contained in the contract prospectus or brochure and underlying funds prospectuses and summary prospectuses, which can be obtained by calling 1-800-468-3785 or visiting mutualofamerica.com. Read them carefully before investing.

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 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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