SaveDaily Supports 'National Save for Retirement Week' With Low-Cost Entry Point for Creating Long-Term IRA Plans

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."

SaveDaily's low cost, private label investment platform enables banks, brokerages, and non-traditional financial service providers to profitably offer high-end financial services to anyone – regardless of income, account size, or activity levels. Account holders can purchase shares of virtually any mutual fund, with no minimums and no transaction fees. SaveDaily provides complete 24×7 web/kiosk access for opening accounts, making investments, redeeming shares or viewing transaction histories. People can invest directly in their mutual fund accounts from their existing checking accounts. They can also set up regularly scheduled deductions from payroll or other sources.

"This 'out-of-sight, out-of-mind' investing approach allows new investors to practice regular, disciplined investing in any amount they choose so that they can take advantage of dollar cost averaging combined with professionally managed funds and, where applicable, of the deferred tax benefits that come with IRA accounts," Vacca said.

About SaveDaily

SaveDaily Inc. (OTCBB: SAVY) is a leading provider of ultra-low cost, private label platform services that enable banks, brokerages and non-traditional financial service providers to profitably offer high-end financial services to anyone, regardless of income, account size, or activity levels. The company offers investments and record-keeping services to its intermediary partners as well as directly to clients through a variety of white-labeled interfaces. SaveDaily owns its proprietary financial services platform, which has been in production for about three years, to help financial intermediaries succeed in bringing suitable and affordable investment services to everyday savers and investors.  SaveDaily, through its financial services partners, has the capability of making virtually all mutual funds available to its clients. SaveDaily conducts its business through its wholly-owned subsidiary, SaveDaily.com, Inc., which is headquartered in Seal Beach, California and is a Registered Investment Advisor with the Securities and Exchange Commission.  For more information, visit www.savedaily.com.

Company Contact:
Gregory Vacca, President
SaveDaily Inc.
(562) 795-7500
[email protected]

Media Contact:
Krush Creative Group
Katherine Hills
949.753.9069
[email protected]

Investor Contact:
A.S. Austin Company, Inc.
619.663.2470
[email protected]

SOURCE SaveDaily, Inc.