The gift that keeps on giving: Financial advice to celebrate Father’s Day

RADNOR, Pennsylvania, June 15, 2022 – Regardless of your age, you have looked to your parents or guardian for guidance through life’s ups and downs, including the importance of protecting and nurturing your personal finances. According to a recent study by Lincoln Financial Group (NYSE: LNC), young people make financial decisions based on their life experiences. In recognition of Father’s Day, which falls in June during Annuity Awareness Month, Lincoln Financial asked business leaders to share their favorite financial advice – from protection products to savings strategies – from their fathers. or father figures or what they hope to pass on to their children.

  1. Search now for a better future

“As someone who is not digitally savvy, I tell my kids, ‘Don’t be like dad.’ My kids are millennials and Gen Zers thriving in the digital age, so they have the advantage of understanding the value of search — something that baby boomers like me didn’t have the resources for. at their age. As a father, I encourage them to be prepared and do the work by doing their own research into annuity products and how they can help protect their long-term retirement income. ready to buy, they’ll know the best choices,” said Tim Seifert, senior vice president and head of retirement solutions distribution, Lincoln Financial Distributors.

  1. Plan for rainy days

“I was in high school during the financial crisis of 2008, with a sick mother. My father spent the night on our computer going through spreadsheets and the financial impact the crisis would have on our family in the long term. He said: “We have no choice but to end it and start over. The feeling of helplessness that hit many families in 2008 is one of the reasons why I have an annuity that offers protection It’s also why I’m passionate about my job, helping to bring protection and financial security to Americans in need,” said Jacob Hutchinson, regional marketing manager, Lincoln Financial Distributors.

  1. Don’t delay – start saving today

“I’ve always tried to impress my kids to live within their means and start saving early in their careers. Not only does this make it easier to save by making it a habit early on, but the impact of long-term savings will help them achieve the retirement they envision and help ensure they don’t outlive their savings. This is a concern for many working Americans and that’s why we offer retirement plans. retirement with guaranteed income options in the plan, to help our members face the future with confidence, knowing they will receive a monthly check for life,” said Ralph Ferraro, senior vice president, Workplace Solutions Product and Underwriting , Lincoln Financial Group.

“As a father, I try to instill in my children the importance of saving for a better future. Putting aside money they may want to spend on an extra pair of shoes in a savings account. saving will go a long way towards a healthy future. Once wealth is built, an annuity is a more secure opportunity to protect those assets. I showed my son what $100 saved today could become over the next 30 to next 40 years of investing the right and safe way,” said Adam Lalla, Vice President, Competitive Market Solutions, Lincoln Financial Distributors.

Visit the Lincoln Financial Newsroom for more educational content throughout Pension Awareness Month.

Lincoln Financial Offers a broad and innovative portfolio ofannuity solutionswhich were recognized in 2021 by Baron‘s for the fifth consecutive year in its “The 100Best annuities for today’s market” characteristic.


About Lincoln Financial Group

Lincoln Financial Group provides advice and solutions that help people take charge of their financial lives with confidence and optimism. Today, approximately 16 million customers trust our expertise in retirement, insurance and wealth protection to help them achieve their lifestyle, savings and income goals, and protect themselves. against long-term care costs. Based in Radnor, Pennsylvania, Lincoln Financial Group is the trading name of Lincoln National Corporation (NYSE: LNC) and its subsidiaries. The company had $308 billion in account value at the end of the period March 31, 2022. Lincoln Financial Group is a committed corporate citizen that is listed in major sustainability indices, including the Dow Jones Sustainability Index North America and FTSE4Good, and ranks among Newsweek’s Most Responsible Companies. . Dedicated to diversity, equity and inclusion, we are listed on transparency benchmarking tools such as the Corporate Equality Index, Disability Equality Index and the Bloomberg Gender Equality Index. Committed to providing our employees with flexible working arrangements, we have been named to the FlexJobs list of the 100 Best Companies to Watch for Remote Jobs in 2022. With a long and rich tradition of acting ethically, speaking the truth and to stand up for what is right, Lincoln has been recognized as one of theThe world’s most ethical companies 2022®. Learn more about:www.LincolnFinancial.com. follow us on Facebook, Twitter, LinkedInand instagram. Sign up for email alerts at http://newsroom.lfg.com.

Media Contact:

Julie Costa

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Important information:

Annuities are long-term investment products designed for retirement purposes and are subject to market fluctuations, investment risk and possible loss of principal.

Lincoln annuities are issued by The Lincoln National Life Insurance Company, Fort Wayne, IN, and contracts sold in New York are issued by Lincoln Life & Annuity Company of New York, Syracuse, NY; distributed by Lincoln Financial Distributors, Inc., a dealer.Lincoln National Life Insurance Company does not solicit business in the State of New York and is not authorized to do so.

Contracts sold in New York are issued by Lincoln Life & Annuity Company of New York, Syracuse, NY, and distributed by Lincoln Financial Distributors, Inc., a broker.

All policy and rider coverages, including those for optional benefits, fixed sub-account credit rates, or annuity payout rates, are subject to the insurance company’s claims-paying ability. issuer. They are not endorsed by the insurance broker or agency from which this annuity is purchased, or any affiliates of such entities other than affiliates of the issuing company, and no one makes any representation or warranty regarding the issuer’s ability to pay claims. There is no additional tax-deferral benefit for an annuity contract purchased in an IRA or other tax-qualified plan

Lincoln Financial Group is the trade name of Lincoln National Corporation and affiliated insurance companies, 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/affiliate Lincoln Financial Distributors, Inc., Radnor, PA. Securities and investment advisory services offered by other affiliates.

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