Continue to Think Long Term in Volatile Markets
Regardless of the current volatility in the financial markets, it's important to stay focused on your future.
[This article was archived on 5/4/2018.]
In the midst of recent market turbulence, after a sustained period of low volatility, it's important to remember that the money in your retirement savings is exactly that—for your retirement. Investors who have stayed true to this approach have typically benefited. Yet, in this uncertain environment, it can be easy to feel anxious and lose sight of your long-term goals and then make decisions based on emotion and short-term thinking.
Keep in mind, however, the financial markets have gone through significant volatility in the past and have demonstrated the ability to weather such unpredictability and recover from short-term declines over the longer term.
What to Do?
Experience has shown that, over time, making sure you have a diversified asset allocation strategy that is regularly reviewed to ensure it is consistent with your time horizon and risk tolerance is the most prudent approach for retirement savings and investing. We continue to believe that retirement savings strategies should not be changed solely as a result of short-term volatility in the markets.
If you have questions related to your account, please contact your local Mutual of America Regional Office representative, or call , today.
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 .
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.