Get retirement-ready!

Will I have enough to …

fund my retirement? be where I want to be? reach my goals? stop stressing about money?

Whether retirement is quickly approaching or it’s the furthest thing from your mind, Lenovo benefits help you get on solid financial footing. So you can enjoy life today and feel confident about your plans for tomorrow.

Pick your priority from the list below and get connected to Lenovo benefits and resources that can help you tackle your financial goals.

I want to:

Figure out how much money I’ll need in retirement.

A general rule of thumb is to aim for replacing 70%–90% of your pre-retirement income.

What you can do

Visit Fidelity’s Planning & Guidance Center and answer a few questions in the Retirement Analysis to see if you’re on track to replace your income in retirement, identify potential gaps you’ll need to fill, and get personalized recommendations to improve your outlook.

Get started

Go to netbenefits.com or call Fidelity at 1-800-835-5095.

Save even more for retirement.

Most retirement experts say you should contribute 10%–15% of your pay to your 401(k) each year. If you started saving later in life, you may need to increase your savings rate.

What you can do

  • Consider enrolling in the Annual Increase Program to boost your contribution rate gradually each year.
  • If you’re planning to max out your 401(k) pretax contributions (by saving $23,000 in 2024), consider making after-tax contributions.
  • When you turn age 50, make additional 401(k) catch-up contributions — $7,500 in 2024.
  • If you’re enrolled in the Lenovo Health Saver medical plan, open and contribute to the tax-free HSA. You can even make additional catch-up contributions of $1,000 if you’re 55 or older.

Get started

Go to netbenefits.com or call Fidelity at 1-800-835-5095.

Manage my debt and competing financial priorities.

Life is expensive and the cost for just about everything is increasing.

If you’re repaying a loan, consider paying down high-interest debt (like credit cards) so you can eventually direct that money to other savings or retirement accounts. Focus first on paying off the debt with the highest interest rate or the lowest balance.

What you can do

Get started

Go to netbenefits.com or call Fidelity at 1-800-835-5095 to learn more.

Select 401(k) investment options that are right for me.

Your investment strategy will depend on when you want to retire and your risk tolerance.

Feel more confident about market ups and downs and inflation.

Talk to a financial pro about your goals and an investing strategy that’s right for you.

What you can do

Lenovo offers professionally managed investment options in the 401(k) plan, which can help you:

  • Diversify your portfolio across a mix of different types of investments, such as stocks, bonds, real estate, commodities, and short-term investments (like cash) to reduce the impact of the market’s ups and downs.
  • Invest in assets that tend to increase in value when prices rise — like real estate and commodities (available in the Target Retirement Funds) — to hedge against inflation.

Get started

Get a better handle on my finances.

Not sure where to begin? Start with one thing and take it step by step.

What you can do

Save for unexpected events and expenses.

Consider opening an emergency savings fund. A safety net can protect against unexpected financial setbacks, from car repairs to medical expenses.

What you can do

Get started

To learn more and set up an emergency fund, visit netbenefits.com > Emergency savings

Save money on everyday purchases and services.

Why pay full price when you can take advantage of discounts through Lenovo?

What you can do

Pay off my student loans.

Pay down your student debt faster with help from Lenovo.

What you can do

Get started

Save for a specific goal.

Get help saving for a home down payment, new car, wedding, travel, or a cause that’s important to you.

What you can do

Try Fidelity’s Goal Booster to find the right savings and investment options for shorter-term goals.

Help my kids pay for college.

It’s never too early to start thinking about your children’s education.

What you can do

  • Save on taxes and grow your savings more quickly with a 529 College Savings Plan through Fidelity. You can also use a 529 plan for education expenses for yourself and/or your spouse/partner!
  • Talk to a Certified Financial Planner for help with budgeting.

Expand my family.

Prepare in advance for large potential medical costs and other expenses.

What you can do

  • Get reimbursed up to $8,000 in eligible expenses through Lenovo’s adoption assistance or surrogacy assistance programs.
  • Get free advocacy and referral assistance and fertility programs through WIN.