SAVY News
SaveDaily Supports 'National Save for Retirement Week' With Low-Cost Entry Point for Creating Long-Term IRA Plans
2012-10-15 08:45 ET - News Release
SEAL BEACH, Calif. , Oct. 15, 2012 /PRNewswire/ -- SaveDaily, Inc. (OTCBB: SAVY), a leading provider of low cost mutual fund investing platforms used by financial institutions, today urged all Americans to participate in the "National Save for Retirement Week," which will take place October 21-27, 2012 . (Logo: http://photos.prnewswire.com/prnh/20120307/AQ66697LOGO ) "The goal of this educational campaign, now in its fifth year, is to raise public awareness of the importance of saving for people's long-term retirement plans, whether through an employer's 401K plan or individual retirement account (IRA) investments," said Greg Vacca , SaveDaily president. "The program was created by bipartisan Congressional action to spur adoption of retirement savings and investment plans so people will be better prepared for their future. "The problem is that most people are simply not prepared for retirement," Vacca explained. "According to a 2012 report from the Employee Benefit Research Institute, more than half of all Americans have less than $25,000 in total savings and investments – and that includes about 40 percent of workers in their prime earnings years, between the ages of 45 and 54. "Inflation and health care costs are rising steadily, so employer-sponsored retirement savings plans have become increasingly important," he added. "And for those people who don't have access to a job-related retirement program, SaveDaily offers the best approach to long-term investing for people who can't afford to open a brokerage account that requires minimum investments of $50,000 or more."
