During the week, Lincoln will feature videos on YouTube
offering simple tips to help Americans take actions that will better prepare
them for retirement. In addition to the video series, Lincoln is providing plan
sponsors and participants with comprehensive communication and education tools
designed to promote National Save for Retirement Week and help plan sponsors
educate their plan participants about the advantages of participating in an
employer-sponsored retirement plan.
With the presidential election following closely behind
National Save for Retirement Week, Lincoln’s 2012 Participant Study found that
only 21% of Americans believe the presidential election will have an impact on
their retirement outlook. In addition, 72% of Americans say the economy makes
it challenging to stay on track with their retirement savings.
“With everything that Americans have on their minds today,
the economy weighs heavily on their retirement savings decisions,” said Chuck
Cornelio, president of retirement plan services at Lincoln Financial Group. “People need encouragement and support to help
them focus on taking the right steps and stay on track with their retirement
Lincoln has also provided several tips for keeping participants
on track for retirement:
Enroll in your employer-sponsored plan. For many people, the
only way they may have to save for retirement is through their
employer-sponsored retirement plan. Participating in an employer-sponsored
retirement plan reduces a participant's taxable income today while helping to
build retirement savings for tomorrow.
Consolidate assets and roll over into a current plan.
Today’s workers change jobs multiple times in their careers. Consolidating
retirement assets helps to simplify the savings and income planning process and
can help money grow over time.