With 65 Percent of Moms Worried About Not Having Enough Money to
Retire, Company Shares Tips and Encourages Conversations Around
Financial Planning
RADNOR, Pa.–(BUSINESS WIRE)–Not sure what to get Mom this Mother’s Day? Instead of the usual
chocolate, flowers or jewelry, Lincoln Financial Group’s (NYSE: LNC) Love
and Responsibility Survey found the gift that over half of all moms
would prefer most is a contribution to their retirement
account.
The research also showed that 65 percent of moms are worried about not
having enough money to retire. However, the good news is that 80 percent
of moms said the steps they are taking with their personal finances will
help them achieve their goals.
“Since moms do so much for the ones they love, Mother’s Day is a great
opportunity for us to take care of them by helping to ensure they are
financially prepared,” said Jamie Ohl, executive vice president,
president of Retirement Plan Services for Lincoln Financial Group.
“Talking openly about our finances isn’t always easy, but it’s important
to first sit down and have that conversation. We need to work with our
moms to better understand their strategy for saving to and through
retirement so we can help them create positive outcomes for their
futures.”
At a recent satellite media tour where she discussed the survey data,
Ohl recommended three simple tips for moms and all consumers to get
started:
1. Set Financial Goals. Track expenses and determine priorities.
Tap into wellness resources available through your employer like a life
expectancy calculator to determine how much money you would need to
maintain your current lifestyle in retirement.
2. Set a Budget. Trim unnecessary expenses to find extra money to
save. Small changes can really help to grow your retirement account. Try
using a budgeting
calculator.
3. Work with a Financial Advisor. A financial professional can
help tailor a holistic plan to your specific needs, as well as educate
you about various insurance and retirement solutions.
Visit www.lincolnfinancial.com/Mom
for tools, calculators and more information.
About Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help empower
people to take charge of their financial lives with confidence and
optimism. Today, more than 17 million customers trust our retirement,
insurance and wealth protection expertise to help address their
lifestyle, savings and income goals, as well as to guard against
long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln
Financial Group is the marketing name for Lincoln National Corporation
(NYSE:LNC) and its affiliates. The company had $253 billion in assets
under management as of March 31, 2019. Lincoln Financial Group is a
committed corporate citizen included on major sustainability indices
including the Dow Jones Sustainability Index North America and
FTSE4Good. Additionally, Lincoln is dedicated to upholding a diverse and
inclusive organization and was recognized by Forbes as one of the Best
Large Employers, Best Employers for Diversity, and Best Employers for
Women and received a perfect score of 100 percent in on both the
Corporate Equality Index and Disability Equality Index. Learn more at: www.LincolnFinancial.com.
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LCN-2527447-050319
Contacts
Media Contact:
Holly Fair
484-583-1632
[email protected]
