Historically low interest rates continue to adversely impact the performance of all money market funds. As a result, the fees and expenses related to the Mutual of America Investment Corporation Money Market Fund
, as detailed in the most recent prospectus, together with Separate Account charges, may exceed the Fund's overall returns, resulting in negative net returns and the loss of principal over time. You should review the Separate Account charges applicable to your investments in the Separate Account to determine whether your investment in the Money Market Fund is providing a negative net return.
If you are not satisfied with your returns on your investment in the Money Market Fund, you may wish to consider Mutual of America's Interest Accumulation Account, to which we credit a fixed rate of interest (which may change at our discretion) that cannot go below the minimum guaranteed credited interest rate in effect during each calendar year. Amounts allocated to the Interest Accumulation Account, and credited interest, are not reduced by expenses and are guaranteed by Mutual of America (subject to our financial strength and claims-paying ability). Any decision regarding your investment in the Mutual of America Money Market Fund should be made based on your individual circumstances and needs. For information regarding the Mutual of America Money Market Fund, you may contact your local Mutual of America Regional Office, or call , Monday through Friday from 9:00 a.m. until 9:00 p.m. ET. 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 .
Money Market Fund Investors: You could lose money by investing in the Fund. Because the share price of the Fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. The Fund may impose a fee upon sale of your shares or may temporarily suspend your ability to sell shares if the Fund's liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.
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.