Many financial companies encourage Americans to plan for retirement, but retirement is more than an event—it’s a long term experience. So that means it is extremely important as well as enjoyable to plan for life in retirement, to plan for moments of exhilaration coupled with spans of relaxation. Americans have an opportunity to shape their lives in retirement and create the experiences that they really want to live.
It’s been reported time and again that Americans are living longer in retirement. Life expectancy in the United States hit an all-time high in 2012, averaging 78.8 years, with women expecting to live 81.2 years and men expecting to live 76.4 years. However, the more impressive figure is the projection that individuals who reach age 65 will enjoy an additional 19.3 years, broken down as 20.5 years for women and 17.9 years for men according to a 2012 mortality study by the Centers for Disease Control (CDC). That’s a lot of time to enjoy life in retirement.
It’s important to consider what your life in retirement will look and feel like. Do you foresee a myriad of recreational activities, such as skiing, travelling the country in an RV or flying around the world? Or would you prefer to work on your home and garden, enjoy shows at a local playhouse, play golf, and hone your hobbies? Perhaps you’ve considered starting a new business in retirement, working part-time or volunteering for local causes. Maybe your focus will center on enjoying time with friends and family. Take a few moments to picture your ideal life once you’ve exited the 40-hour-plus work-week. Once you have your vision, you’re ready to plan your future.
Whatever your vision of your retirement may be, the ability to make it a reality starts today. You hold the keys to your life in retirement. Whether you are just entering the workforce or a seasoned veteran considering your future options, it is never too late to shape your future life in retirement. It won’t create itself—you need to take control and make sure that you put the right plans in place to help ensure a comfortable retirement.
As a member of the AIA, you have access to a free retirement planning consultation with a dedicated Retirement Program Specialist from AXA Equitable Life Insurance Company. AXA specialists work with architect firm owners and their employees every day by providing guidance on their current plans or helping them establish a plan that is manageable from day one through one’s entire life in retirement.
Just 10–15 minutes with a specialist can help you start a plan for your life in retirement. And if you already have a plan, take a few minutes to help make sure it’s the right one that still aligns with your vision of your life in retirement. Helping you plan is an important member benefit.
You may reach a specialist who works with AIA members by calling 800-523-1125, option 3, Department 2045. You may also obtain more information at www.axa2plan.com.
The Members Retirement Program is funded by a group variable annuity contract issued and distributed by AXA Equitable Life Insurance Company (AXA Equitable), NY, NY. Neither AXA Equitable or its employees provide tax or legal advice. GE-101277 (3/15) (Exp. 3/17)