Building a Strong Foundation
When Hope Morgan began her career at South Central Regional Medical Center 11 years ago, she immediately signed up for all the available benefit programs except one: her employer’s 403(b) plan.
“Retirement wasn’t on my mind at the time, not with rent, everyday bills and other expenses chipping away at my paycheck,” said Hope. “But the invitations to Mutual of America’s enrollment meetings kept coming, and eventually, I decided to go listen to what they had to say.”
What Hope learned that day completely shifted her mindset about saving for retirement. “Tina Robertson, our local Mutual of America Participant Account Representative, talked about how time can play a crucial role in the ultimate value of your savings and why the steps you take today can have a huge impact on your quality of life in the future. I decided to put time on my side; I enrolled in the hospital’s 403(b) savings plan that very day.”
Since then, Hope has consistently contributed to the plan, taking full advantage of her employer match and utilizing Mutual of America’s online resources to track her progress. “Mutual of America has a choice of tools and calculators on their website that can take you through the entire retirement journey. By using these, I can determine things like how much I need to save to retire comfortably and how an increase in my contributions will affect my paycheck.”