Almost Half of Americans Not Planning for Retirement

SCOTTSDALE, Ariz., Sept. 25, 2014 /PRNewswire/ -- The Federal Reserve Board recently reported that almost half of Americans have not begun planning for retirement. Wilde Wealth Management Group is teaming up with Retirement Consultants to change that, expanding their reach across Arizona to encourage more corporate employees to prepare for retirement.

Both firms are licensed to advise clients on 401(K) accounts in addition to other financial services, and many of their clients work for major Arizona employers such as CenturyLink, Intel, Raytheon, Tucson Electric, and the Arizona universities. Both firms are hosting information sessions and meeting with employees individually at their workplaces to inspire them and help them plan.

Trevor Wilde of Wilde Wealth, based in the Phoenix area, says, "If your employer offers 401(K) matching, that's a no-brainer. It's a great place to start. From there, we personalize the rest of your financial plans to prepare for your individual needs and goals. Having a consistent review process with each client is a vital element of our practice."

Michael Santoro of Retirement Consultants, based in the Tucson area, says, "As they say, most people don't plan to fail; they fail to plan. For many people, their employer-sponsored retirement plan comprises the largest portion of their nest egg, yet they don't give it the care and thought it deserves. Most don't even realize how many choices they have. Then, as employees enter their 50s, it's like the red zone in football—those last 20 yards where you want to focus on a strategic plan and avoid fumbling. It is critical to plan, coordinating all your financial decisions to work as a team for that final run."

The Federal Reserve Board, in its latest annual "Report on the Economic Well-Being of U.S. Households" reported, "Almost half of respondents had not planned financially for retirement. . . . 31 percent of respondents reported having no retirement savings or pension, including 19 percent of those ages 55 to 64, and 25 percent didn't know how they will pay their expenses in retirement."

Wilde Wealth Management Group has been named one of Barron's Top Financial Advisors six consecutive years, and has been recognized by NABCAP Premier Advisors. It is an independent boutique financial firm excelling in client education and coaching; having a consistent review process with each client is a vital element of their practice. Call (480) 361-6203. http://wildewealth.com.

For the Tucson area, call Retirement Consultants, (520) 615-6005. http://www.wise-assets.com

Federal Reserve 2013 report: http://www.federalreserve.gov/econresdata/2013-report-economic-well-being-us-households-201407.pdf

Securities and Advisory service offered through Cetera Advisors LLC, member FINRA/SIPC.  Cetera is under separate ownership from any other named entity.  Listings in these publications should not be considered a guarantee of future performance.

SOURCE Wilde Wealth Management Group