Financial Markets and Your Retirement Account
Regardless of what’s happening in the markets, periodically reviewing your retirement savings is key.
Whatever the state of the economy and stock market, it’s important to continue to contribute to your retirement plan and keep track of your long-term goals. While financial markets have been unpredictable, there are things you can do within the My Account section of mutualofamerica.com to help check on and make informed choices about your retirement savings plan account.
The My Account section of our website provides you with convenient, secure access to your account, where you can do the following and much more:
- Review your current account balance and corresponding investment charts.
- See the amount and date of the last contribution made to your retirement plan.
- Find out your personal rate of return for the year-to-date, as well as over 3-month, 1-year, 3-year, 5-year and 10-year periods.
- Change your asset allocation for future contributions.
“When you’re reviewing your account, check to see if you have an asset allocation that’s appropriate based on your age, risk tolerance and expected retirement date. If it is, then it’s generally best to stay on course rather than make any knee-jerk decisions based on the short-term ups and downs of the markets,” says Mutual of America Regional Participant Account Executive Natasha Karbasi.
If you do decide you need to adjust your asset allocation, tools like Mutual of America’s Investment Questionnaire* can help you identify a mix of asset classes potentially suited to your long-term investment success. But, no matter your individual situation, always focus on the endgame: building financial security for your retirement.
*Information and interactive calculators are made available as self-help tools for independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regard to individual circumstances. All examples are hypothetical and are for illustrative purposes only. We encourage individuals to seek personalized advice from qualified professionals regarding all personal finance issues.↵