The financial crisis of 2008 has had wide-ranging and long-term implications for many Americans. More recently, there have been improvements in the market, including the stock market reaching new record closes. These gains give us all reason to be optimistic about the future.

As a result of the financial crisis, many Americans have started saving more and are beginning to develop a realistic understanding that they must take action if they are to achieve their retirement goals. The 2014 Retirement Confidence Survey (RCS) finds that confidence in having enough money to live comfortably through retirement has increased for both workers and current retirees in 2014 and that this boost in confidence can be attributed to active retirement plan participation.

Benefits of getting started
If you own your practice or operate a sole practice but have yet to make retirement provisions for you and/or your employees, it's time to move it off the back burner. Here are just a few sound reasons to begin saving for your retirement future today:

  1. Tax advantages--Tax savings incentives have created several new opportunities to help you put away money for retirement while deferring on taxes. If your practice qualifies, a tax credit may be available and can help defray the cost of installing and administering a retirement plan.
  2. Compounding interest--When you save and invest, compounding interest works in your favor, helping you build the savings you need for future financial goals. But to maximize the benefit of compounding interest you must get an early start. The sooner you begin planning and saving, the more your money will grow.

    Procrastination can be the difference between financial success and financial failure. Here's an example, if we assume you have $75 per month to invest at 6 percent compound interest.

    Here, waiting 20 years will cost you more than $100,000 of investment returns.

    Regardless of your age, the power of compound earnings can potentially make even a small investment today worth more by retirement. In short, delay makes it harder and harder to build what you want.
  3. Account consolidation--For individuals with multiple retirement accounts from multiple jobs, you can now consolidate all your retirement dollars into one plan. If you have multiple accounts, talk to a financial professional to see if consolidation makes sense.
  4. 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 your plan secure your future, it may be the primary way your employees can secure theirs.

The sooner you start saving for retirement, the more you'll 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 solution 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 more than 45 years. AXA Equitable has been an AAHA-endorsed provider of retirement solutions since 1995 and is here to deliver a comprehensive "bundled" service that helps minimize the time needed to establish and manage your retirement plan.


Withdrawals from tax advantaged retirement plans are subject to ordinary income tax treatment and if taken prior to age 59 ½ may also be subject to an additional 10% federal income penalty. AXA Equitable Life Insurance Company (NY, NY) does not provide legal or tax advice. 

GE-95335 (06/14) (Exp. 06/16)


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