Do you procrastinate when it comes to saving for retirement? Perhaps your retirement is 10, 20 or even 30 years away, and you think, "I have plenty of time. I'll start later or save more soon." However, the longer you wait, the less savings you are likely to have at retirement.
The hypothetical illustration below highlights how starting now to set aside an extra $100 a month ($50 each pay period) in your employer-sponsored retirement plan can yield far more retirement savings over 10, 20 or 30 years than waiting five years before starting. By investing now through regular contributions, you have a greater opportunity to create a financially secure future by the time you stop working.
This illustration assumes a beginning balance of $0 and a tax-deferred investment with an annual rate of return of 6%. This is not a prediction of any type of investment, is not representative of any investment strategy and is provided for illustrative purposes only. Investment returns are not guaranteed, and your actual return may vary significantly from that shown.
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.