Introducing the Mutual of America 2055 Retirement Fund
If you're in your early 20s, you might want to consider our new target-date Retirement Fund. The Mutual of America 2055 Retirement Fund (the "2055 Retirement Fund") will become available on or after October 1, 2016. The 2055 Retirement Fund, along with the rest of our lineup of Separate Account investment funds, can help you meet your long-term financial needs.
Like all of our target-date Retirement Funds,* the 2055 Retirement Fund takes its name from the approximate year an individual expects to retire. 2055 is a long way off, but starting to save early and contributing regularly to a retirement plan increases your likelihood of building a financially secure retirement.
The 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.
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.