Troubling U.S. Retirement Statistics Win Comment from Guardian Wealth Management, David Howell

PHILADELPHIA, PA, May 16, 2013

Many U.S. employees--baby boomers, in particular--are woefully underprepared for retirement, reports the founder of Guardian Wealth Management David Howell. To validate his assertion, Howell points out a recent article from Life Health Pro, which addresses some of the specific ways in which American workers are, by and large, ill-equipped to face retirement. Howell has issued a new statement to the press, weighing in on the topics raised in the Life Health Pro article.

According to the Life Health Pro article, the reasons why American workers are unprepared for retirement are numerous. Some specific factors include slow economy recovery, and wages that do not keep up with rises in the cost of living. Additionally, the article contends, Americans live in "a culture that prizes spending over savings."

The article also notes that many experts blame America's substandard retirement planning on the fact that most American employees receive inadequate investment planning resources from their employers. Insufficient 401(k) fund options, high asset management plans, and a general lack of employer-sponsored financial planning services are all contributing to the American worker's lack of retirement readiness, Life Health Pro contends.

David Howell, in his press statement, says that a lack of employer-sponsored education is also key. "Many individuals are probably not even aware of how ill-prepared for retirement they really are," he opines. "Education could go a long way toward correcting this. While most employers and HR teams offer, at best, limited services in this regard, individuals can always meet with independent financial planners to assist them in better understanding retirement."

Life Health Pro notes that the confidence of American workers in their own stable retirement planning is shrinking and shrinking. Cost of living and day-to-day expenses are cited as two of the biggest reasons why many individuals say they do not contribute much money to their retirement savings.

The article also affirms Howell's point that, in many instances, education is the missing link, stating that employer-sponsored education is usually "limited to an all-employee group meeting with the retirement plan provider to discuss investment fund options, the company match to employee plan contributions, plus additional resources available to employees," but not the true mechanics of retirement investment.

As the founder of Guardian Wealth Management, David Howell is one of the UK's most noteworthy financial professionals; the company offers retirement planning services to individuals in the UK, the Middle East, and all across Europe.

ABOUT:

Guardian Wealth Management is an independent financial services company, providing a variety of wealth analysis and management services to clients in the UK, in the Middle East, and throughout the world. With several offices across Europe and the Middle East, and a large, dedicated team of financial professionals, Guardian Wealth Management is proud to offer retirement planning, education fund planning, and general financial planning services, as well as life and health insurance and beyond. The founder of Guardian Wealth Management David Howell, is a veteran of the financial services industry in the UK.