The event, which promotes retirement savings for Americans, is from October 19 through October 25 and is endorsed by Congress. Lincoln is among those in the industry encouraging employees to participate in their employer-sponsored retirement plans.
According to a recent MOOD of America study conducted by Lincoln Financial Group, most Americans are taking a careful and deliberate approach when it comes to their retirement plans. Among those who feel prepared, 77% believe they have saved enough to cover retirement expenses and 64% expect to be debt free during retirement.
Throughout National Save for Retirement Week, Lincoln will share insights from the study. Starting Monday, Lincoln will highlight a different career stage—first job, changing or in between jobs, mid-career, career advancement, and near retirement—and suggest actions to help savers on their own road to retirement readiness.
Lincoln is also rolling out “Your Future: Worth Saving For,” a retirement education and communication program for its plan sponsors to use with participants. A suite of materials and dedicated website with interactive features and resources including a video, calculators and more, aim to promote better savings habits among plan participants.
“Whether savers are just starting out in their career, changing jobs or approaching retirement, there are actions that can help boost their retirement readiness at these career checkpoints on the road to retirement,” says Chuck Cornelio, president of retirement plan services at Lincoln Financial Group.