WEBVTT

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Many retirees used to be able
to depend on a monthly pension

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and social security
benefit for life...income

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that was guaranteed
and predictable.

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But planning for retirement
today is much more complex...and

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likely with fewer guarantees
than earlier generations.

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The shift away

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from employer-provided
retirement plans,

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like pensions...to self-managed
plans like 401Ks and IRAs,

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has a lot to do with that.

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So does the impact that living
longer has on our finances.

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It's no wonder that preserving
wealth throughout retirement has

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become an important
topic for many investors.

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"When I think about retirement,
it's really about the freedom

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to make my own choices,
stability,

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and no hidden surprises.

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That's really what
I'm looking for."

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"You know, it's really tough
between my two kids in college

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and my parents with
their medical expenses,

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it's just really hard to
put money away right now."

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"It's so crazy I have to think

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about retirement right now
considering how young I am.

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But it's only 30-40
years down the road.

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And I feel like I need
to start somewhere."

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Research shows that whether
your retirement is still years

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down the road...or just

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around the corner...chances are
it may last longer and cost more

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than at any other
time in history.

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This will undoubtedly change the
traditional retirement picture

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for many investors in
the workforce today.

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So how do you know what the
right retirement strategy is

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for you?

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Well, it depends on what
stage of life you're in.

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If you're a Millennial, you're
still accumulating assets.

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Time and the potential power
of compounding is on your side,

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so start saving early
and take advantage

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of tax-advantaged
retirement accounts.

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If you're a Gen Xer,
you're likely

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in your peak earning years.

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So think about increasing
your savings contribution

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and paying down household debt.

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And, if you're a Baby Boomer,

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you're close to,
or in retirement.

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So, now is the time to
consider reducing risk

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and creating a tax efficient
plan for generating income

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that will help your money last
for the rest of your life.

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"Some of the best advice I've
ever gotten was to contribute

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to my 401k-it was
really an easy way

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to start saving money-and
that's really paid off now."

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"You know when I was younger I
wasn't able to save that much.

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But now that we're making
more, we're saving more,

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and I think we're
going to be OK."

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Developing an investment
plan is the key

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to being prepared
for your retirement.

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And we believe the
best way to begin is

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by having a planning
mindset...and taking action.

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Remember...you're in charge of
planning for your retirement.

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"So guys, what are
you going to do now?"

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"We're going to do
some traveling,

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see some places we've
never seen,

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and spend more time
with the grandkids."

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"Sounds good."

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To learn more about how
retirement investing strategies

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can work for you, download our
Wells Fargo Investment Institute

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special report: Reimagining
Retirement:

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Generational Strategies for
21st Century Challenges.