CHARLOTTE, NC - April 15, 2013
Wells Fargo Retirement today announced the launch of My Retirement PlanSM, an online tool that helps customers take control of their retirement by creating a plan for saving that ultimately allows the user to see their potential monthly income in retirement. The tool offers a distinctive method of calculating a customer’s retirement income need and how much should be saved each month.
“We are excited to offer My Retirement Plan because it makes planning easy and manageable for customers. The tool walks the customer through different monthly savings scenarios and shows how that customer can increase their potential monthly retirement income by adjusting their current savings instead of showing a huge number to save,” said Karen Wimbish, director of Retail Retirement at Wells Fargo. “The best thing about the tool is that it works to help answer ‘what do I need to save each month and what will the outcome be?” Wimbish added.
My Retirement Plan prompts customers to provide some information about their retirement goals and current situation. Then it calculates a recommended plan and shows a suggested savings rate as a percentage of the customers’ income. It also shows an estimated monthly income the customer could receive in retirement. If there is a retirement savings gap, there is an ‘Ease into Savings’ option that allows users to adjust and create a plan for savings that fits their financial situation. My RetirementPlan is savable and can be adjusted at any time online.
My Retirement Plan is available to all online Wells Fargo customers at wellsfargo.com/myretirementplan and will be available on wellsfargo.com to the general public later this year.
Watch a video on My Retirement Plan - http://www.wellsfargomedia.com/wbr/731104/index.html (Time: 1:54)
The My Retirement Plan tool provides an estimate for planning purposes and results are not guaranteed.
About Wells Fargo (Twitter @WellsFargo)
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.4 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. With more than 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2012 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.
About Wells Fargo Advisors
With $1.2 trillion in client assets as of December 31, 2012, Wells Fargo provides investment advice and guidance to clients through 15,414 full-service financial advisors and 3,248 licensed bankers. This vast network of advisors, one of the nation’s largest, serves investors through locations in all 50 states and the District of Columbia. Wells Fargo Advisors is the trade name used by two separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company: Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC (members SIPC). Statistics include other broker-dealers of Wells Fargo & Company. www.wellsfargoadvisors.com
Allison Chin-Leong 212-350-3824
Investment and Insurance Products: Not Insured by FDIC or any Federal Government Agency > May Lose Value > Not a Deposit of or Guaranteed by a Bank or Any Bank Affiliate