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CAREGIVERS, REWARD YOURSELF WITH SAVINGS


If you're a teacher or a healthcare worker, Americans appreciate the care you give. In fact, teachers and healthcare workers are among the most highly respected occupations in the country. According to Pew Research in 2013, 72% of Americans believe teachers contribute "a lot" to society, and 66% say the same of doctors, ranking these the nation's second and third most esteemed professions — outpaced only by the military.

But did you know that in a 2013 Gallup-Healthways survey, teachers, nurses, and physicians also topped the list of U.S. professionals who experienced a "lot of daily stress"? Parenthood is another "profession" that most people can tell you is essential, stressful. And many doctors, nurses, and teachers are also parents themselves, delivering a one-two punch of selflessness.

It's Time to Reward Yourself with Savings

If you're in one of these caregiving roles, you may find it hard to prioritize caring for yourself — and planning for retirement is probably no exception. Did you know that according to the Lincoln Retirement Power® Study, 62% of healthcare workers are concerned about being able to pay for day-to-day expenses, compared to 49% of workers in other sectors? Though you may be hopeful and optimistic about the future, when it comes to financial planning, you also may not feel fully in control.

The good news is, there is a path to retirement for you. By making relatively small changes in your retirement savings now, you can help give yourself the gift of a comfortable future.

Three Steps to Financial Wellness

  1. Discuss your retirement goals with someone else. Meeting with a retirement plan professional may help you clarify your goals and how to get there. Talking it over, even just with a friend, will be helpful in clarifying what you want for your future. And a pro will be able to give you expert advice tailored to your circumstances. Ask your employer if there's a retirement plan professional available through your plan who you can speak to for free.
  2. Write down a specific savings goal so you can check it against your balances periodically and take your "financial pulse." Making realistic goals is a key part of feeling better prepared for retirement. To set your goal, try our Road to Retirement® tool.
  3. Take it one step at a time. If you haven't enrolled in your employer-sponsored retirement plan, make that your first step. Then increase your savings — start with at least 5%, and aim to reach 10% or more as soon as you can.

Help Yourself First

Even though you do so much to help others, don't forget to plan for your own future. Taking care of your retirement savings now is a great way to help keep you financially strong as you help those around you in the years to come.

LCN909421-042314

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Lincoln Financial Group is the marketing name for Lincoln National Corporation and insurance
company affiliates, including The Lincoln National Life Insurance Company, Fort Wayne, IN,
and in New York, Lincoln Life & Annuity Company of New York, Syracuse, NY. Variable products
distributed by broker/dealer-affiliate Lincoln Financial Distributors, Inc., Radnor, PA. Securities
and investment advisory services offered through other affiliates. Explore Lincoln.



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