Our Target-Date Retirement Funds Offer
Professional Asset Allocation Aligned with
Your Planned Retirement Date

Consider the Performance of Our 2035, 2030 and 2025 Retirement Funds for a
Flexible Premium Annuity (FPA), a Variable Annuity Contract

ANNUALIZED RETURN*
Fund 1 Year 3 Years 5 Years 10 Years
  Mutual of America
  2035 Retirement Fund
0.48% 6.95% 6.43% 9.81%
  Mutual of America
  2030 Retirement Fund
0.38% 6.46% 6.12% 9.40%
  Mutual of America
  2025 Retirement Fund
0.36% 5.83% 5.58% 8.75%

Mutual of America also offers Target-Date Retirement Funds through 2060. As of 10/31/2018, each of our rated Retirement Funds received an Overall Morningstar Rating™ of 5 stars (their maximum).1

*Annualized rate of return based on a hypothetical investment of $1,000, which is redeemed at the end of the periods shown as of 10/31/2018.

Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance shown. More recent performance is published online within seven business days after each month’s end and can be obtained here or by calling 1-866-939-7655.

Morningstar, Inc., is an independent financial publisher of investment data and analysis.

Click here for more information about our Morningstar Ratings™.

Mutual of America’s Target-Date Retirement Funds Simplify Your Asset Allocation Decisions Prior to and Continuing into Your Retirement

The asset allocation (the mix of stocks, bonds and money market funds) is more aggressive for individuals with a longer time horizon to retirement and becomes more conservative as you near and begin retirement.

Simply choose the Retirement Fund with the retirement date closest to when you want to retire, and let the professionals at Mutual of America Capital Management LLC manage your asset allocation for you.2

Plus, the Many Other Advantages of Mutual of America’s FPA

  • You can contribute from any source, such as savings or proceeds from a sale or inheritance, with no limits on your contributions.
  • A diverse choice of well-known investment fund families and styles in the Separate Account to develop your own investment strategies.
    The performance of the Separate Account investment funds is not guaranteed, and any assets allocated to them may decrease or increase in value.
  • An Interest Accumulation Account that guarantees your principal and previously credited interest to protect against market risk.
    This guarantee is subject to Mutual of America’s financial strength and claims-paying ability.
  • No withdrawal or surrender fees and no sales commissions.
  • Your interest and any investment earnings accumulate on a tax-deferred basis until withdrawn.

Withdrawals of the tax-deferred interest and any investment earnings are subject to income tax at your ordinary income tax rate at the time of withdrawal, and if made prior to age 59½, a 10% federal tax penalty.

There is a contract fee (unless you elect to receive documents electronically), and investments in the Separate Account investment funds are subject to Separate Account charges and underlying funds investment management fees and expenses.

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 and underlying funds prospectuses and summary prospectuses. Please read the prospectuses and summary prospectuses carefully before investing. The prospectuses and summary prospectuses can be obtained by mail or by calling 1-866-939-7655.

Mutual of America’s FPA is an individual variable annuity contract and is 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.

STAR RATING KEY The Morningstar Rating for funds, or "star rating," is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a 3-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% 3-year rating for 36–59 months of total returns, 60% 5-year rating/40% 3-year rating for 60–119 months of total returns, and 50% 10-year rating/30% 5-year rating/20% 3-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent 3-year period actually has the greatest impact because it is included in all three rating periods.

1As of 10/31/2018, each of our rated Retirement Funds received a Morningstar Rating of 5 stars Overall and for the 3-, 5- and 10-year periods.

For comparative purposes, the number of funds rated by Morningstar in the following categories for the stated periods were: Target Date Retirement, 47 funds/overall and 3-year, 46 funds/5-year, 37 funds/10-year; Target Date 2000–2010, 165 funds/overall and 3-year, 164 funds/5-year, 137 funds/10-year; Target Date 2015, 118 funds/overall and 3-year, 114 funds/5-year, 78 funds/10-year; Target Date 2020, 196 funds/overall and 3-year, 192 funds/5-year, 146 funds/10-year; Target Date 2025, 81 funds/overall and 3-year, 76 funds/5-year, 57 funds/10-year; Target Date 2030, 155 funds/overall and 3-year, 151 funds/5-year, 122 funds/10-year; Target Date 2035, 39 funds/overall and 3-year, 34 funds/5-year, 24 funds/10-year; Target Date 2040, 60 funds/overall and 3-year, 57 funds/5-year, 48 funds/10-year; Target Date 2045, 27 funds/overall and 3-year, 22 funds/5-year, 13 funds/10-year; Target Date 2050, 18 funds/overall and 3-year, 15 funds/5-year, NA funds/10-year; Target Date 2055, NA funds/overall/3-year/5-year/10-year; Target Date 2060, NA funds/overall/3-year/5-year/10-year. Morningstar compares each of the Separate Account investment alternatives to their universe of separate account investment funds offered in registered individual annuities from other insurance companies (net of their Separate Account and underlying funds fees and expenses). The Morningstar category for each Fund is determined solely by Morningstar in order to rate funds with similar investment styles. Although Morningstar data is gathered from reliable sources, neither Morningstar nor Mutual of America can guarantee its completeness or accuracy. NA indicates that a Morningstar Rating is not assigned since the Fund has not been in existence for the number of years shown.

2The target date set forth in each Retirement Fund’s name is the approximate date that the fund expects investors to retire and begin withdrawing their account balance. The value of a Retirement Fund is not guaranteed at any time, including at and after the target date. There is no guarantee that a Retirement Fund will correctly predict market or economic conditions, and as with other mutual fund investments, you could lose money. In addition to a retirement date, individuals should consider their risk tolerance, time horizon, personal circumstances and complete financial situation before investing.

Form FPA-2002 or applicable state variation
HFTD1118



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