Saving for Retirement
Saving for Retirement
There are a few things that nearly everybody saves for. Yet many people only start saving for retirement in just the last few years of employment, which may be too late. Tim Mackie from AXA Advisors explains.
ANCHOR LEAD: For many, retirement seems on the distant horizon, until it happens, and then it's a rude awakening. Matt Kelly takes a look at the retirement timetable, and finds out how to make the transition to the golden years a little easier. (:57)
SCRIPT: Lifestyles, I'm Matt Kelly. There are a few things that nearly everybody saves for. Yet many people only start saving for retirement in just the last few years of employment, which may be too late. Tim Mackie from AXA Advisors explains.
CUT: (Mackie) Young people should start saving early for retirement because the earlier you start saving, the more time you have to save for retirement. In that way, time works in your behalf. It also affords you the ability to save a smaller amount over a longer period of time.
SCRIPT: So what are the best ways to do that?
CUT: (Mackie) Some people use mutual funds and annuities. People use annuities because they provide many of the features that people are looking for, like a lifetime income, a death benefit, and it gives them the security that they need throughout the course of their retirement years.
SCRIPT: For the investment vehicle that's right for your retirement, talk to a financial professional. That's Lifestyles, from AXA Advisors. I'm Matt Kelly.
There are a few things that nearly everybody saves for. Yet many people only start saving for retirement in just the last few years of employment, which may be too late. Tim Mackie from AXA Advisors explains.
ANCHOR LEAD: For many, retirement seems on the distant horizon, until it happens, and then it's a rude awakening. Matt Kelly takes a look at the retirement timetable, and finds out how to make the transition to the golden years a little easier. (:57)
SCRIPT: Lifestyles, I'm Matt Kelly. There are a few things that nearly everybody saves for. Yet many people only start saving for retirement in just the last few years of employment, which may be too late. Tim Mackie from AXA Advisors explains.
CUT: (Mackie) Young people should start saving early for retirement because the earlier you start saving, the more time you have to save for retirement. In that way, time works in your behalf. It also affords you the ability to save a smaller amount over a longer period of time.
SCRIPT: So what are the best ways to do that?
CUT: (Mackie) Some people use mutual funds and annuities. People use annuities because they provide many of the features that people are looking for, like a lifetime income, a death benefit, and it gives them the security that they need throughout the course of their retirement years.
SCRIPT: For the investment vehicle that's right for your retirement, talk to a financial professional. That's Lifestyles, from AXA Advisors. I'm Matt Kelly.
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