America Saves Week: Tackle a money goal

America Saves Week, running February 21–25, is an annual call to action for all Americans to commit to their financial well-being. And if America saves, so can you! Every day this week, we’re offering suggestions for how you can use your Lenovo benefits to help build your financial resilience. Try and tackle one of these goals to give your financial standing a boost!

Monday, February 21 | Save automatically.

Your Subtitle Goes Here
3

Set up automatic investing for your Health Savings Account (HSA).

If you’re enrolled in the Lenovo Health Saver medical plan, you’ve already tapped into an incredible savings vehicle through the tax-advantaged HSA. Why not turbo-charge your savings potential by investing your HSA contributions? Visit the Fidelity site to set up the automatic investing feature. Just set it and forget it — until you’ve accumulated a nice little nest egg!

Pro tip: Not sure about investing your HSA funds? Talk to a Fidelity financial advisor to make sure it’s the right approach for you.

Gradually increase your contributions to your 401(k) plan.

There are few better retirement savings tools than the Lenovo Savings Plan [401(k)]. And a great feature to ensure that your savings keep growing at a healthy rate is the Annual Increase Program, which lets you automatically increase your contributions by 1%–3% each year, up to a limit of 14% of your salary. Visit the Fidelity site to set it up and start accelerating your savings.

Pro tip: Be sure you’re contributing at least 6% of your salary to the 401(k). Otherwise, you’re missing out on the full benefit of the company match!

Tuesday, February 22 | Save for the unexpected.

Your Subtitle Goes Here
3

Use Fidelity’s Goal Booster to make a savings game plan.

Figuring out the best way to manage your money isn’t always easy. But Fidelity’s Goal Booster can help you get a bigger picture of your financial situation and determine the best path to financial wellness.

Pro tip: Get the most out of the free Goal Booster tool by exploring all the features, like the savings comparison tool, digital goal tracking, and real-time money movement.

Set up an emergency savings fund.

Don’t get caught unprepared when the unexpected happens. Having an emergency fund, like the Fidelity® Cash Management Account, can help ensure you have cash on hand when you really need it.

Pro tip: Set up automatic transfers so you don’t even have to think about directing money toward your emergency stash.

Wednesday, February 23 | Save to retire.

Your Subtitle Goes Here
3

Meet with an expert to maximize your 401(k) savings.

Not sure how to get the most out of your retirement savings? Reach out to a Fidelity financial advisor to get individualized guidance.

Pro tip: You can also schedule a free consultation with a certified money coach or identity theft specialist and legal experts through New York Life Group Benefit Solutions’ My Secure Advantage.

If you’re 50 or older, make catch-up contributions to your 401(k) plan.

It’s just a fact of life: The further you get into your career, the less time you have to save for your retirement. That’s why the Lenovo Savings Plan [401(k)] offers you the chance to set aside even more money — an additional $6,500 a year — once you reach 50. Start taking advantage of these catch-up contributions by visiting the Fidelity site and updating your contribution amount.

Pro tip: Once you hit 55, you can also make catch-up contributions — an additional $1,000 a year — to your Health Savings Account.

Thursday, February 24 | Save by reducing debt.

Your Subtitle Goes Here
3

Refinance your mortgage or student loan.

One of the keys to taking charge of your finances is to reduce your debt. And we have resources to help. Lending Tree can help you refinance your mortgage, while Credible can assist with student loan refinancing.

Pro tip: Credible can also help you land the best possible rates on college loans.

Talk to a credit counselor about getting out of debt.

Money struggles can affect all areas of your life. Money Management International offers confidential credit counseling sessions that can help you put together a game plan for paying off your debt and reducing your financial stress.

Pro tip: You can also find support in dealing with financial issues through the Employee Assistance Program.

Friday, February 25 | Save as a family.

Your Subtitle Goes Here
3

Make taxes less financially taxing.

Dealing with your taxes is never fun. But at least you can pay less for having your taxes prepared, thanks to the discounted services offered through H&R Block and TurboTax.

Pro tip: While you’re using these tax-prep services, be sure to take advantage of the access you get to H&R Block’s and TurboTax’s experts, who can offer customized tax advice.

Start planning for your kids’ education.

As a parent, you’re always looking for ways to ensure a bright future for your kids. If college is part of their plan, you don’t want their future to be filled with student debt. Consider setting up a 529 College Savings Plan, a flexible, tax-advantaged way to save and pay for your children’s future qualified education expenses.

Pro tip: If you have a college-bound high schooler, look into low-priced, comprehensive ACT and discounted Kaplan SAT and ACT test-prep services.

Additional resources

Webinar your way to financial well-being

America Saves Week is about making your money work harder for you. And that’s Fidelity’s mission as well. Throughout the week, they’ll be offering daily webinars on a variety of topics, from managing your money and preparing for unexpected expenses to learning the investing basics and getting a handle on student loan debt. Learn more.

Questions?

Health Savings Account

Fidelity

1-800-835-5095
Website »
(Log in and then click “Health Savings Account”)

Lenovo Savings Plan [401(k)]

Fidelity

1-800-835-5095
Website »

Employee Assistance Program

Cigna Behavioral Health

1-888-371-1125
Website »
(To register: Nonmembers should use employer ID “Lenovo”; Cigna members should use Cigna ID.)