1
00:00:00,000 --> 00:00:02,640
[MUSIC PLAYING]

2
00:00:02,640 --> 00:00:03,140


3
00:00:03,140 --> 00:00:05,750
Did you know right
now, you can create

4
00:00:05,750 --> 00:00:08,450
an account for your
organization's retirement plan?

5
00:00:08,450 --> 00:00:10,920
Today is a great day to sign up.

6
00:00:10,920 --> 00:00:13,310
The sooner you start
saving, the more time

7
00:00:13,310 --> 00:00:15,300
you give your account
to potentially grow,

8
00:00:15,300 --> 00:00:17,910
all while making progress
toward your retirement.

9
00:00:17,910 --> 00:00:19,580
We understand it's
important to find

10
00:00:19,580 --> 00:00:21,980
a balance between managing
your daily finances

11
00:00:21,980 --> 00:00:23,790
and saving for your future.

12
00:00:23,790 --> 00:00:27,120
One key thing to remember
is to simply get started.

13
00:00:27,120 --> 00:00:29,250
Once you sign up for
your retirement plan,

14
00:00:29,250 --> 00:00:33,230
you'll find tools, resources,
and support from Principal

15
00:00:33,230 --> 00:00:36,060
no matter where you are on
your road to retirement.

16
00:00:36,060 --> 00:00:37,970
These tools and
resources can help

17
00:00:37,970 --> 00:00:41,100
you get a complete picture of
your progress toward retirement.

18
00:00:41,100 --> 00:00:44,870
We're with you every
step of the way.

19
00:00:44,870 --> 00:00:47,790
Let's walk through the
three-step enrollment process.

20
00:00:47,790 --> 00:00:51,770
Step one, visit
principal.com/welcome,

21
00:00:51,770 --> 00:00:55,490
or download the Principal app
to set up your online account.

22
00:00:55,490 --> 00:00:58,760
By taking a minute or to
add your contact information

23
00:00:58,760 --> 00:01:01,290
to your account, you'll
get the latest updates

24
00:01:01,290 --> 00:01:03,150
about your retirement savings.

25
00:01:03,150 --> 00:01:06,030
While setting up your account,
follow the simple steps

26
00:01:06,030 --> 00:01:08,610
to enable two-factor
authentication.

27
00:01:08,610 --> 00:01:11,310
This helps ensure your
lifetime of savings

28
00:01:11,310 --> 00:01:14,250
are more secure
from identity theft.

29
00:01:14,250 --> 00:01:16,830
Step two, think
about how much you'll

30
00:01:16,830 --> 00:01:19,330
need to save to have the
retirement you've dreamt about.

31
00:01:19,330 --> 00:01:21,250
Start by considering your goals.

32
00:01:21,250 --> 00:01:22,540
Will you travel?

33
00:01:22,540 --> 00:01:25,480
Would you like to pay for your
grandchildren's education?

34
00:01:25,480 --> 00:01:28,420
Your goals may determine how
much you may want to save,

35
00:01:28,420 --> 00:01:32,070
but one key thing to remember
is to consider starting now.

36
00:01:32,070 --> 00:01:36,190
Principal research suggests
saving 15% of your pay,

37
00:01:36,190 --> 00:01:38,200
including employer
contributions,

38
00:01:38,200 --> 00:01:40,030
to have enough when you retire.

39
00:01:40,030 --> 00:01:43,710
Keep in mind Social Security
may only cover about 40%

40
00:01:43,710 --> 00:01:47,070
of your pre-retirement
income, so it's

41
00:01:47,070 --> 00:01:50,100
important to have additional
income streams you can count on

42
00:01:50,100 --> 00:01:51,750
throughout retirement.

43
00:01:51,750 --> 00:01:54,540
But any amount you can
save now has the potential

44
00:01:54,540 --> 00:01:57,660
to add up after a few
years and make a difference

45
00:01:57,660 --> 00:01:59,490
for your retirement.

46
00:01:59,490 --> 00:02:02,500
Let's look at an example
that shows why saving early

47
00:02:02,500 --> 00:02:04,660
for retirement is important.

48
00:02:04,660 --> 00:02:07,150
John and Jane contribute
the same amount

49
00:02:07,150 --> 00:02:09,470
to their organization's
retirement plan.

50
00:02:09,470 --> 00:02:12,550
But Jane starts 10
years earlier than John.

51
00:02:12,550 --> 00:02:16,700
Over their earning years, Jane's
money had more time to grow,

52
00:02:16,700 --> 00:02:20,380
so her account value is greater
when she and John reached

53
00:02:20,380 --> 00:02:21,650
retirement age.

54
00:02:21,650 --> 00:02:24,470
Finally, when deciding
how much to save,

55
00:02:24,470 --> 00:02:28,390
remember that it's OK to start
small and work your way up.

56
00:02:28,390 --> 00:02:33,470
Contributing just 2% or 3% can
be a great way to get started.

57
00:02:33,470 --> 00:02:36,880
And many people find it easy to
step up their savings a percent

58
00:02:36,880 --> 00:02:39,950
or two each year as
their salary increases.

59
00:02:39,950 --> 00:02:44,800
For example, adding just $25
more a month could add up

60
00:02:44,800 --> 00:02:49,240
to almost $25,000 for
retirement after 30 years.

61
00:02:49,240 --> 00:02:52,580
Step three, choose where
to invest your money.

62
00:02:52,580 --> 00:02:56,060
You can do it yourself and pick
your own investment options.

63
00:02:56,060 --> 00:03:00,050
Choose a prebuilt portfolio
based on when you plan to retire

64
00:03:00,050 --> 00:03:02,190
and how aggressive
or conservative

65
00:03:02,190 --> 00:03:04,240
you'd like to be with
your investments.

66
00:03:04,240 --> 00:03:06,840
Or you can choose to default
into the option chosen

67
00:03:06,840 --> 00:03:09,510
by your organization if
available in your plan.

68
00:03:09,510 --> 00:03:11,550
This is typically
a target date fund

69
00:03:11,550 --> 00:03:14,380
based on your age and the
plan's normal retirement date.

70
00:03:14,380 --> 00:03:16,830
Some plans may also
offer a managed account

71
00:03:16,830 --> 00:03:19,870
service for an additional fee
to help you along the way.

72
00:03:19,870 --> 00:03:21,480
Whether you choose
your investments

73
00:03:21,480 --> 00:03:24,330
or use the default
option, it's a good idea

74
00:03:24,330 --> 00:03:27,240
to check your account regularly
to make sure your investments

75
00:03:27,240 --> 00:03:29,130
align with your goals.

76
00:03:29,130 --> 00:03:30,720
Pro tip.

77
00:03:30,720 --> 00:03:33,940
If you have retirement
savings from a previous job,

78
00:03:33,940 --> 00:03:36,750
you may be able to roll over
those funds into your account

79
00:03:36,750 --> 00:03:39,180
at Principal to
consolidate your savings.

80
00:03:39,180 --> 00:03:41,310
That means fewer
statements and accounts

81
00:03:41,310 --> 00:03:44,340
to keep track of and potentially
a more complete picture

82
00:03:44,340 --> 00:03:47,610
of your retirement future
with our tools and resources.

83
00:03:47,610 --> 00:03:49,020
Congratulations.

84
00:03:49,020 --> 00:03:50,610
You're now armed
with information

85
00:03:50,610 --> 00:03:52,710
to start saving for retirement.

86
00:03:52,710 --> 00:03:55,980
We strive to help simplify
the complexity of retirement

87
00:03:55,980 --> 00:03:58,360
so you can focus on
the things you love.

88
00:03:58,360 --> 00:04:00,490
It's secure and easy
to create your account

89
00:04:00,490 --> 00:04:03,260
at principal.com/welcome.

90
00:04:03,260 --> 00:04:07,090
See your balances, statements,
and enjoy financial education

91
00:04:07,090 --> 00:04:08,210
resources.

92
00:04:08,210 --> 00:04:09,790
Following these
steps means you're

93
00:04:09,790 --> 00:04:12,010
ready to start your
retirement savings journey.

94
00:04:12,010 --> 00:04:15,060
[MUSIC PLAYING]

95
00:04:15,060 --> 00:05:04,000