Your Financial To-Do List

Regardless of your age, focusing on retirement to-dos can feel challenging. However, here are 10 things that can be tackled before the end of 2019. And though not every item will apply to you, take care of your financial future by checking off those that do!
todo
1. Max out contributions to your retirement plan. Here are the 2019 Contribution Limits.
2. Make "catch-up" contributions, if you're age 50 and older, to help boost your savings. Check out the 2019 Contribution Limits.
3. Increase your contribution rate, if possible – even a percentage point or two increase can make a significant difference in savings over time.
4. Take full advantage of any employer match, if offered. That's like getting a raise just for saving for retirement.
5. Take your Required Minimum Distributions (RMDs) before December 31 if you're required to do so.
6. Spend your Flexible Spending Account money by December 31 if you set aside pretax money with your employer. Check with your Benefits department.
7. Check out the Saver's Credit before year's end to see if you qualify.
8. Review your asset allocation on My Account to help ensure that your mix of investments continues to reflect your risk tolerance and long-term goals.
9. Review your beneficiary designations on My Account to make sure they're up to date.
10. Call your Mutual of America Regional Office Participant Account Representative so they can answer any questions you have about your retirement plan.
You should consider the investment objectives, risks, and charges and expenses of the variable annuity contract and the underlying investment funds carefully before investing. This and other information is contained in the contract prospectus or brochure and underlying funds prospectuses and summary prospectuses, which can be obtained by calling or visiting mutualofamerica.com. Read them carefully before investing.
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 options 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 consider a variable annuity contract's other features before making a decision.
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