April 7, 2014
New York—Because teachers impart knowledge that eventually transforms the world, AXA, a leading financial protection company, this week is emphasizing the need to teach teachers about the importance of their own retirement planning and financial education.
Informational “teach-ins” on retirement planning for school employees are being hosted by AXA Advisors Financial Professionals this month at various locations. For online learning, AXA has compiled a suite of retirement planning resources, including articles of specific interest to educators that explain how 403(b) retirement plans work, tax considerations, why portability matters to today’s mobile teachers, and the advantages of starting early to save for tomorrow.
The effort is part of AXA’s observance of National Retirement Planning Week® 2014, April 7-11.
AXA is a member of the National Retirement Planning Coalition, a group of prominent education, consumer advocacy and financial services organizations spearheaded by the Insured Retirement Institute (IRI). The IRI and the Coalition have worked to organize National Retirement Planning Week to help consumers focus on their financial needs in retirement. Again this year, AXA is a proud member of the Coalition.
“This is a week for people to focus on educating themselves to secure their financial futures,” said Kevin Molloy, senior executive director of AXA and head of AXA’s Employer-Sponsored business. “With over 3.6 million* strong, public and private school teachers are among the largest and best-educated workforces in the U.S., and because they are so influential and give so much of themselves, it is imperative to help them take the appropriate steps in order to achieve financial security once they have left the classroom.”
To support NRPW objectives, Nick Lane, head of AXA’s U.S. Life and Retirement business, will also blog on the IRI website about the importance of a plan for savings as people prepare for retirement. Online retirement information, including materials specifically aimed at educators, is available on the company’s website.
“AXA” is a brand name of AXA Equitable Financial Services, LLC and its family of companies, including AXA Equitable Life Insurance Company (NY,NY), MONY Life Insurance Company of America (AZ stock company, administrative office: NY, NY), AXA Advisors, LLC, and AXA Distributors, LLC. In business since 1859, AXA Equitable Life Insurance Company is a leading financial protection company and one of the nation’s premier providers of life insurance, annuity, and financial products and services distributed to individuals and business owners through its retail distribution channel, AXA Advisors, LLC (member FINRA, SIPC) and to the financial services market through its wholesale distribution channel, AXA Distributors, LLC.AXA S.A. is a Paris-headquartered holding company for a group of international insurance and financial services companies, including AXA Equitable Financial Services, LLC companies. AXA S.A. is a worldwide leader in financial protection strategies and wealth management with 102 million clients in 56 countries as of December 31, 2013.The obligations of AXA Equitable Life Insurance Company and MONY Life Insurance Company of America are backed solely by their claims-paying ability. Find AXA on Facebook and Twitter. For more information, visit www.axa.com.
About National Retirement Planning Week® 2014
National Retirement Planning Week® 2014 take place from April 7 to 11. Held during financial literacy month, National Retirement Planning Week® is led by the National Retirement Planning Coalition—a group of prominent financial industry, education and advocacy organizations that have joined together to increase awareness of the need for comprehensive retirement planning.
About the National Retirement Planning Coalition
The National Retirement Planning Coalition recognizes that the need to educate Americans on retirement planning is an ongoing effort and is committed to making retirement planning education a national priority. The National Retirement Planning Week® and other coalition activities are intended to demonstrate that it is possible to “Retire On Your Terms” if comprehensive retirement plans are properly developed and managed. To support these education efforts, the coalition maintains a year-round website – http://www.retireonyourterms.org/ – offering the latest resources to both consumers and financial professionals to help them stay focused on long-term financial goals.
The coalition is headed by the Insured Retirement Institute (IRI), and includes America Saves, American Council of Life Insurers (ACLI), American Savings Education Council (ASEC), Americans for Secure Retirement (ASR), Center for Retirement Research at Boston College, Defined Contribution Institutional Investment Association (DCIIA), Employee Benefit Research Institute (EBRI), Financial Services Institute (FSI), Financial Services Roundtable (FSR), Jump$tart Coalition, National Association for Fixed Annuities (NAFA), NICSA, Retirement Income Industry Association (RIIA), The American College, The Aspen Institute, and the Women’s Institute for a Secure Retirement.
*U.S. Census Bureau figures, Statistical Abstract of the U.S.