Retirement Savings – Start Today

March 30, 2016

pic-worker-manufacturingIf you own your own business but have yet to make retirement provisions for you and your employees, it’s time to move it off the back burner. Here are just a few reasons to consider planning for your retirement future today:

1. Tax Advantages – Tax savings incentives can help you put away money for retirement while saving on taxes. If your business qualifies, a tax credit may be available and can help defray the cost of installing and administering a retirement plan.

2. Compounding– When you save and invest, compounding can work in your favor, helping to potentially build the savings you need for future financial goals. But to maximize the benefit of compounding you must get an early start. The sooner you begin planning and saving, the more your money may grow. (Compounding is the ability of an asset to generate earnings, which are then reinvested in order to generate their own earnings.)

Procrastination can be the difference between financial success and financial failure. Here’s an example, if we assume you have $75 a month to invest at 6% compound interest:
AXA article graphic 3.30.16

Note: Values do not reflect deductions for taxes or product-related fees. Rates of return will vary over time, particularly for long-term investments. Investments offering the potential for higher rates of return also involve a higher degree of risk. Actual results may vary.

In this hypothetical example, waiting 20 years would make a difference of over $100,000 of value. Regardless of your age, compounding could potentially make even a small investment today worth more by retirement. In short, delay could make it harder and harder to build what you want.

3. Attract and Retain Talent – Offering retirement products as part of your enhanced benefits package is a great way to attract and retain potential employees in today’s competitive marketplace. Not only does this help you plan for your future, it may be the primary way your employees can plan for theirs.

The sooner you start saving for retirement, the more you may have when the day comes. Start your retirement planning now and let your money work for you! Call an AXA Equitable Retirement Program Specialist at 800-523-1125 to learn more about our retirement product offerings. Or, visit to schedule a
retirement planning consultation.

About AXA Equitable
AXA Equitable Life insurance Company has been helping members of associations plan for an independent retirement for over 45 years We are here to deliver a comprehensive “bundled” service that helps minimize the time needed to establish and manage your retirement plan.

* This article was contributed by Linda Lyons, Relationship Manager at AXA, an NSBA corporate partner.

AXA Equitable Life Insurance Company (NY, NY) does not provide tax or legal advice.
The retirement plan would be funded by an annuity contract issued and distributed by AXA Equitable Life Insurance Company, New York, NY. Annuities contain limitations and restrictions. For costs and complete details, contact a Retirement Program Specialist. AXA Equitable does not provide tax or legal advice. You should consult with your attorney and/or tax advisor before purchasing a contract.
Please note that if you use an annuity contract to fund a qualified employer-sponsored retirement arrangement, you should do so for the annuity’s features and benefits other than tax deferral. For such cases, tax deferral is not an additional benefit for the annuity. You may also want to consider the relative features, benefits and costs of this annuity with any other investment that you may have in connection with your retirement plan or arrangement.
GE-986696d (1/15) (Exp. 1/17)