If you took a withdrawal in 2021, 1099 form(s) will be mailed to you by
January 31 for your income tax filing. Electronic
versions of 1099-Rs will also be available within the Plan Documents section
of the Account Detail page by the end of January.
Riding out stock market ups and downs
The past few weeks have been a roller-coaster ride for the U.S. stock
market with the major indexes – Dow Jones, NASDAQ and the S&P 500® –
experiencing wide swings.
While there is speculation about causes -- such as the Federal Reserve
moving toward raising interest rates, ongoing supply chain issues and
political conflict to name a few -- it's important to remember market
turbulence is not new.
Market fluctuations natural and necessary
It happens with regularity – and has since the beginning of the stock
market. Even though market volatility can be uncomfortable, be sure to
remain calm and remember, your retirement plan is a long-term
If you're investing regularly through your retirement plan, you are
using a strategy called dollar cost averaging. When the market is
down, the stock price is low, and you are buying additional units.
When the market goes up, the price rises and the additional units
you purchased at a lower price can have a big impact on your account
While no one can predict the future, the past is a good indicator
that markets move up and down, and when the market is down it
has historically proven to be good buying opportunity for the
Dollar Cost Averaging does not assure a profit and does not protect
against loss in declining markets. Also, since such a program
involves regular investment purchases regardless of fluctuating
price levels of the investment, consider your financial ability to
continue purchases through periods of low-price levels.
One cannot invest directly in an index. Past
performance does not guarantee future results.
This is a general communication for informational and educational
purposes. The information is not designed, or intended, to be
applicable to any person's individual
circumstances. It should not be considered investment advice, nor
does it constitute a recommendation that anyone engage in (or
refrain from) a particular course of action. If you are seeking
investment advice or recommendations, please contact your financial
Securian Financial's qualified retirement plan
products are offered
through a group variable annuity contract issued by Minnesota Life
Securian Financial is the marketing name for
Securian Financial Group,
Inc., and its subsidiaries. Minnesota Life Insurance Company is a
subsidiary of Securian Financial Group, Inc.
The Internal Revenue Service announced cost-of-living adjustments affecting
dollar limitations for retirement plans and other retirement-related items
for the 2022 tax year. The maximum 401(k)/403(b) deferral limit increased
from $19,500 to $20,500. However, the catch-up deferral limit remained the
same at $6,500. Review the
Participant guide to 2022 retirement plan limits for increases to
other key savings limits.
Consider consolidating accounts with a rollover
Did you leave any retirement accounts with a former employer? If yes, you may
want to consider a rollover of those accounts into your current plan, if
your plan allows. Take this brief quiz
to learn more about the benefits of a
rollover and other options for managing your existing retirement accounts.
This information should not be considered to be tax advice. You should always
consult your tax/legal advisor regarding your own specific tax/legal