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Findings from 2021
Lincoln Retirement Power® Study

The past year of uncertainty and financial anxiety has dramatically increased interest in guaranteed retirement income products among employees.

pie chart representing 72% with an outer ring representing 46% of the 72%

72% of participants are at least somewhat interested in a guaranteed income option within their retirement plan; 46% are highly interested

The #1 investment topic savers want to learn more about is how to put money in an investment that provides guaranteed lifetime income.

two happy men holding up a baby man pruning bonzai tree
 

And they’re ready to act.

pie chart representing 46%

46% of participants

say they’d increase their contributions if guaranteed income, especially as part of a target-date fund, were offered

pie chart representing 52%

52% of non-participants

would be likely to participate if guaranteed income were offered

Offering an in-plan lifetime income solution can increase positive plan outcomes and improve retirement readiness. Employees said so themselves.

Income security boosts confidence.

But it’s not just lifetime payments. Income projections impact confidence, too.

two pie charts representing 43% and 29%

43% of participants who received an income projection are confident on all three key retirement readiness metrics* vs. 29% of participants in general


*Being able to accumulate enough money so they can retire when they want, being able to convert their savings when they retire into income that will last the rest of their lives, having enough money to maintain the lifestyles they want in retirement.

Even if participants aren’t on track, seeing a monthly income projection can help them more easily determine what they may need to do to achieve the retirement lifestyle they want.

 
person looking at a laptop visiting the Lincoln Retirement Income page

Income security toolkit

Explore LincolnFinancial.com/RetirementIncome to see how in-plan guaranteed income options can protect plan savings and create income for life for participants.

Tools you can use

Use these resources to educate participants about retirement income needs and preparing for the future.

 
icon of laptop with mechanical gear on the screen

Encourage Lincoln participants
to log in to their accounts at LincolnFinancial.com/Retirement
to see a personalized retirement income projection that shows if they’re on track for retirement.

 

Find out more

Read the full report to explore the research and see how you can effectively engage employees after COVID-19.

 

About Lincoln Retirement Power

All data is from the 2021 Lincoln Retirement Power® Study unless otherwise specified.

The 2021 Lincoln Retirement Power® Study is based on a national survey of 2,535 full-time workers who are eligible to contribute to an employer-sponsored retirement plan, including 2,030 participants and 505 non-participants. Greenwald Research, a third party market research firm, conducted the study on behalf of Lincoln Financial Group Retirement Plan Services. Greenwald Research is not associated with Lincoln Financial Group. Online interviewing took place from February 19 to March 18, 2021. Data is weighted by demographics to mirror the total population.

Lincoln Retirement Power® is a platform for research and viewpoints on central issues related to retirement planning. The program seeks to identify forward-thinking ways to help plan sponsors, financial professionals, and participants. As part of the program, Lincoln sponsors both proprietary and third party research, with an emphasis on what drives better retirement outcomes.

GraphicLine

Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. Affiliates are separately responsible for their own financial and contractual obligations.

This material is provided by The Lincoln National Life Insurance Company, Fort Wayne, IN, and, in New York, Lincoln Life & Annuity Company of New York, Syracuse, NY, and their applicable affiliates (collectively referred to as “Lincoln”). This material is intended for general use with the public. Lincoln does not provide investment advice, and this material is not intended to provide investment advice. Lincoln has financial interests that are served by the sale of Lincoln programs, products, and services.


©2021 Lincoln National Corporation

LCN-3645533-062421
8/21 Z01
Order code: DC-RPINT-IDE001

Offer security

Findings from 2021 Lincoln Retirement Power® Study

The past year of uncertainty and financial anxiety has dramatically increased interest in guaranteed retirement income products among employees.

pie chart representing 72% with an outer ring representing 46% of the 72%

72% of participants are at least somewhat interested in a guaranteed income option within their retirement plan; 46% are highly interested

The #1 investment topic savers want to learn more about is how to put money in an investment that provides guaranteed lifetime income.

two happy men holding up a baby man pruning bonzai tree
 

And they’re ready to act.

pie chart representing 46%

46% of participants

say they’d increase their contributions if guaranteed income, especially as part of a target-date fund, were offered

pie chart representing 52%

52% of non-participants

would be likely
to participate if guaranteed income were offered

Offering an in-plan lifetime income solution can increase positive plan outcomes and improve retirement readiness. Employees said so themselves.

Income security boosts confidence.

But it’s not just lifetime payments. Income projections impact confidence, too.

two pie charts representing 43% and 29%

43% of participants who received an income projection are confident on all three key retirement readiness metrics* vs. 29% of participants in general


*Being able to accumulate enough money so they can retire when they want, being able to convert their savings when they retire into income that will last the rest of their lives, having enough money to maintain the lifestyles they want in retirement.

Even if participants aren’t on track, seeing a monthly income projection can help them more easily determine what they may need to do to achieve the retirement lifestyle they want.

 
person looking at a laptop visiting the Lincoln Retirement Income page

Income security toolkit

Explore LincolnFinancial.com/RetirementIncome to see how in-plan guaranteed income options can protect plan savings and create income for life for participants.

Tools you can use

Use these resources to educate participants about retirement income needs and preparing for the future.

 
icon of laptop with mechanical gear on the screen

Encourage Lincoln participants
to log in to their accounts at LincolnFinancial.com/Retirement
to see a personalized retirement income projection that shows if they’re on track for retirement.

 

Find out more

Read the full report to explore the research and see how you can effectively engage employees after COVID-19.

 

About Lincoln Retirement Power

All data is from the 2021 Lincoln Retirement Power® Study unless otherwise specified.

The 2021 Lincoln Retirement Power® Study is based on a national survey of 2,535 full-time workers who are eligible to contribute to an employer-sponsored retirement plan, including 2,030 participants and 505 non-participants. Greenwald Research, a third party market research firm, conducted the study on behalf of Lincoln Financial Group Retirement Plan Services. Greenwald Research is not associated with Lincoln Financial Group. Online interviewing took place from February 19 to March 18, 2021. Data is weighted by demographics to mirror the total population.

Lincoln Retirement Power® is a platform for research and viewpoints on central issues related to retirement planning. The program seeks to identify forward-thinking ways to help plan sponsors, financial professionals, and participants. As part of the program, Lincoln sponsors both proprietary and third party research, with an emphasis on what drives better retirement outcomes.

GraphicLine

Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. Affiliates are separately responsible for their own financial and contractual obligations.

This material is provided by The Lincoln National Life Insurance Company, Fort Wayne, IN, and, in New York, Lincoln Life & Annuity Company of New York, Syracuse, NY, and their applicable affiliates (collectively referred to as “Lincoln”). This material is intended for general use with the public. Lincoln does not provide investment advice, and this material is not intended to provide investment advice. Lincoln has financial interests that are served by the sale of Lincoln programs, products, and services.


©2021 Lincoln National Corporation

LCN-3645533-062421
8/21 Z01
Order code: DC-RPINT-IDE001

Offer security

Findings from 2021 Lincoln Retirement Power® Study

The past year of uncertainty and financial anxiety has dramatically increased interest in guaranteed retirement income products among employees.

two happy men holding up a baby man pruning bonzai tree pie chart representing 72% with an outer ring representing 46% of the 72%

72% of participants are at least somewhat interested in a guaranteed income option within their retirement plan; 46% are highly interested

The #1 investment topic savers want to learn more about is how to put money in an investment that provides guaranteed lifetime income.

 

And they’re ready to act.

pie chart representing 46%

46% of participants

say they’d increase their contributions if guaranteed income, especially as part of a target-date fund, were offered

pie chart representing 52%

52% of non-participants

would be likely to participate if guaranteed income were offered

Offering an in-plan lifetime income solution can increase positive plan outcomes and improve retirement readiness. Employees said so themselves.

Income security boosts confidence.

But it’s not just lifetime payments. Income projections impact confidence, too.

two pie charts representing 43% and 29%

43% of participants who received an income projection are confident on all three key retirement readiness metrics* vs. 29% of participants in general

*Being able to accumulate enough money so they can retire when they want, being able to convert their savings when they retire into income that will last the rest of their lives, having enough money to maintain the lifestyles they want in retirement.

Even if participants aren’t on track, seeing a monthly income projection can help them more easily determine what they may need to do to achieve the retirement lifestyle they want.

 
person looking at a laptop visiting the Lincoln Retirement Income page

Income security toolkit

Explore LincolnFinancial.com/RetirementIncome to see how in-plan guaranteed income options can protect plan savings and create income for life for participants.

Tools you can use

Use these resources to educate participants about retirement income needs and preparing for the future.

 
icon of laptop with mechanical gear on the screen

Encourage Lincoln participants to log in to their accounts at LincolnFinancial.com/Retirement
to see a personalized retirement income projection that shows if they’re on track for retirement.

 

Find out more

Read the full report to explore the research and see how you can effectively engage employees after COVID-19.

 

About Lincoln Retirement Power

All data is from the 2021 Lincoln Retirement Power® Study unless otherwise specified.

The 2021 Lincoln Retirement Power® Study is based on a national survey of 2,535 full-time workers who are eligible to contribute to an employer-sponsored retirement plan, including 2,030 participants and 505 non-participants. Greenwald Research, a third party market research firm, conducted the study on behalf of Lincoln Financial Group Retirement Plan Services. Greenwald Research is not associated with Lincoln Financial Group. Online interviewing took place from February 19 to March 18, 2021. Data is weighted by demographics to mirror the total population.

Lincoln Retirement Power® is a platform for research and viewpoints on central issues related to retirement planning. The program seeks to identify forward-thinking ways to help plan sponsors, financial professionals, and participants. As part of the program, Lincoln sponsors both proprietary and third party research, with an emphasis on what drives better retirement outcomes.

GraphicLine

Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. Affiliates are separately responsible for their own financial and contractual obligations.

This material is provided by The Lincoln National Life Insurance Company, Fort Wayne, IN, and, in New York, Lincoln Life & Annuity Company of New York, Syracuse, NY, and their applicable affiliates (collectively referred to as “Lincoln”). This material is intended for general use with the public. Lincoln does not provide investment advice, and this material is not intended to provide investment advice. Lincoln has financial interests that are served by the sale of Lincoln programs, products, and services.


©2021 Lincoln National Corporation

LCN-3645533-062421
8/21 Z01
Order code: DC-RPINT-IDE001

 
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