Date post: | 26-Dec-2015 |
Category: |
Documents |
Upload: | hillary-thompson |
View: | 216 times |
Download: | 1 times |
Proprietary and Confidential, SaveAmerica LLC
Why SaverNation
Americans can’t afford to save for retirement*
• 27% say they have less than $1,000 in savings• 54% say they have less than $25,000 in total savings and
investments• National Savings rate has been near 0% for 30+ years• Only 10% in any income strata contribute the annual
maximum
For 30 years, the retirement industry has attempted to change people’s saving and spending behavior.
* 2010 EBRI Databook on Employee Benefits Why nothing has worked:
People don’t have enough money to save more
Hard to change people’s behavior
75% of respondents say
The #1 reason they don't save more:
They can't afford to
EBRI's annualRetirement Confidence Survey
12
The 401(k) system has been a dud for the vast majority of Americans, with women, young people and minorities among the broad groups whose financial well-being is at risk because they’re not saving enough.
For middle-income earners, the median balance in 401(k) plans as of 2010 was a lowly $23,000, according to the study.
Proprietary and Confidential, SaveAmerica LLC
Cash Back for Retirement with Every Purchase
Online Shopping Program
Credit Card
Program
PayrollSaverNation Technology Platform
401(k)
IRA
The SaverNation Program is Patent PendingProprietary and Confidential, SaveAmerica LLC
$4,000 gross income
-$200 401(k) contribution
$3,800 adjusted gross
-$950 taxes (25% rate)
$2,850 available cash
$200 401(k) savings
$4,000 gross income
$3,650 adjusted gross-$913 taxes (25% rate)
$2,737 take-home pay
+$150 extra in checking acct.
$2,887available cash
$350 401(k) savings
-$200 401(k) contribution
$2,850 take-home pay
-$150 SN 401(k) contribution
+$150 cash back from online purchasesdeposited into checking account
More Savings and More Cash
Paycheck Before SaverNation
Cash Back Earned with SaverNation
Paycheck withSaverNation
How the average person can increase their retirement savings with
sssssssssssSavings Before
Savings After
Amount people currently have saved in their retirement plan1
Potential additional contributions from cash back rewards using SaverNation2
Total amount people could save for retirement using SaverNation
$71,500
$130,913
$202,4131 The average 401(k) account balance per Fidelity Investments, February 23, 20112 Assumes average monthly SaverNation purchases of $500 at a 5% reward level, 8% annual return, and 50% match over 40 years
The SaverNation Program is Patent PendingProprietary and Confidential, SaveAmerica LLC
The SaverNation Program is Patent PendingProprietary and Confidential, SaveAmerica LLC
SaverNation Benefits
• No costs to the plan, employer or participants
• Increases participation and contribution rates
• Works with all plans
• Can help plan’s ADP testing
The ProgramCash back for your 401(k) with every purchase
Christy [email protected](424) 223-5153 The SaverNation Program is Patent Pending