A 401(k) plan is one of the best ways for people to save enough money to live the life they want in retirement. It’s designed for professionals, has the flexibility to adjust as their needs change and can help them turn their salary into a more comfortable retirement.
Helping you accumulate the money you need to live the life you want
How can a 401(k) plan help employees save?
- Every dollar counts – Start saving whatever amount works for them, start or stop, decrease or increase contributions up to the federal maximum, at any time.
- It’s automatic – People pay themselves first, because their savings are deducted right from their paycheck.
- It’s flexible –Select the investments they’re most comfortable with – and change them when they want.
- Employees won’t pay taxes on contributions while they’re saving – Contributions into a 401(k) plan are deducted from the employee’s salary before income taxes, meaning that taxes are deferred until he or she withdraws the money from the account, which is typically when they’re retired and often in a lower tax bracket. That means all earnings stay invested, letting money grow faster than it would in a taxable account.
Are you saving enough?
Our retirement calculator can help you estimate how much you should save and how much retirement income you could potentially have. Answer four quick questions to find out if you’re saving enough.
The experience of an industry leader
Since 1859, AXA has helped people build and secure their financial futures. We stand among the nation’s premier providers of life insurance and annuity products, providing stability and reliability to our clients.
We’ve won the DALBAR Service Award for outstanding customer service five years in a row (2011-2015) and 11 times in the past 18 years.
AXA group is present in 64 countries serving more than 103 million customers worldwide and has been ranked the #1 global insurance brand in the world for eight consecutive years.*
*Interbrand, 2009-2016, AXA press release, October 5, 2016
AXA believes that education is a key step toward addressing your financial goals, and we've designed this discussion to serve simply as an informational and educational resource. Accordingly, this content does not offer or constitute investment advice and makes no direct or indirect recommendation of any particular product or of the appropriateness of any particular investment-related option. As an employee or as an employer, your needs, goals, and circumstances are unique, and they require the individualized attention of your financial professional. But for now, take some time just to learn more.
This discussion is not intended as legal or tax advice. Accordingly, any advice provided herein is not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer. Such advice was written to support the promotion or marketing of the transaction(s) or matter(s) addressed, and you should seek advice based on your particular circumstances from an independent tax advisor.
An annuity contract used to fund a qualified employer-sponsored retirement arrangement should be considered for its features and benefits other than tax deferral. For such cases, tax deferral is not an additional benefit of the annuity. The relative features, benefits and costs of an annuity should be considered alongside with any other investment that one may have in connection with his or her retirement plan or arrangement.
Annuities issued by AXA Equitable Life Insurance Company (AXA Equitable) (NY, NY) and co-distributed by affiliates AXA Advisors, LLC and AXA Distributors, LLC, New York, NY 10104. AXA Equitable, AXA Advisors, LLC (member FINRA, SIPC) and AXA Distributors, LLC (member FINRA, SIPC) are affiliated companies, located at 1290 Avenue of the Americas, New York, NY 10104, (212) 554-1234. AXA Equitable and its affiliates do not provide tax, accounting or legal advice or services.
“AXA” is the brand name of AXA Equitable Financial Services, LLC and its family of companies, including AXA Equitable Life Insurance Company, AXA Advisors, LLC, and AXA Distributors, LLC. AXA S.A. is a French holding company for a group of international insurance and financial services companies, including AXA Equitable Financial Services, LLC. The obligations of AXA Equitable Life Insurance Company are backed solely by its claims-paying ability.