Getting Started

Why Join

Your employer-sponsored retirement plan is one of the best ways to save for tomorrow. Take the first step now—enroll in the plan to begin contributing and moving closer to your retirement dreams and financial goals. If you are age 50 and over, you can make catch-up contributions and save more for retirement.¹ You can choose from a clear, easy-to-understand menu of investment options, and your Mutual of America Participant Account Representative can provide you with information to help you develop a long-term retirement savings strategy.

Select Investment Options

One of the most important investment decisions you can make is determining how to allocate your account among the major asset classes—stocks, bonds and cash. You can allocate your salary contributions among any of the funds offered through the plan.

Diversifying your account can help reduce your risk and increase your opportunity to achieve higher returns. However, diversification does not guarantee investment returns or eliminate the risk of loss. When selecting investment options, consider your long-term financial goals, tolerance for risk, investment experience and time horizon for investing.

How Your Retirement Savings Plan Works

Your contributions are deducted from your pre-tax pay and grow tax-free until withdrawn.²Your plan offers a Roth provision.
You can contribute after-tax dollars. See additional details on how Roth earning accumulate directly below.

Retirement Savings Grow Tax-Deferred

Your savings can grow faster, tax deferred. Any earnings accumulate tax-free until you withdraw them, usually at retirement.² Any earnings from Roth contributions accumulate tax-free as well as any distributions, provided you’ve held the account for at least five years and are at least age 59½ at the time of withdrawal.³

Take Your Money with You

In the future, if your employment status should change, you can rollover your retirement savings to another tax-deferred employer-sponsored plan or traditional IRA.⁴

^{1. If you contribute to a 403(b) Thrift and/or 401(k), the total amount contributed to all plans in 2023 may not exceed $22,500 ($30,000 to all plans, if age 50 or older).}
^{2. Generally withdrawals are subject to income tax at your ordinary income tax rate at the time of your withdrawal, and if made prior to age 59½, a 10% federal tax penalty.}
^{3. Amounts withdrawn are generally subject to taxation as ordinary income. There is no 10% early withdrawal tax penalty imposed on distributions taken prior to age 59½.}
^{4. Before making a transfer, you should review the accounts you have with other providers to determine the fees and expenses you currently pay and whether there are any surrender charges that may result and to ensure that it is in your best interest to transfer your other accounts to your current plan.}