How Emergency Savings Serves Low-Income Households
BlackRock research shows that emergency savings balances helped low-income households keep more money in their retirement savings accounts during the...
Tag: emergency savings sidecar accounts
Timing Savings Options With a Raise Can Help With Financial Wellness
Seventy-five percent of workers said that if they were offered savings options at the time of a raise, they would be less stressed and more confident about their...
To Fight Plan Leakage, Prudential Promotes After-Tax Savings
According to the firm, its new savings solution uses after-tax employee contributions to an existing retirement plan to build savings that can be accessed to cover emergencies.
Addressing Plan Leakage with Sidecar Accounts
Bipartisan legislation has been introduced in the Senate to address retirement plan leakage; among the opportunities being discussed by industry stakeholders is the use of “sidecar” emergency savings...
Package of Bills Addresses Retirement Plan Access and Emergency Savings Accounts
The bills would allow for pooled employer plans, incentivize employers to adopt plans with automatic enrollment; allow employers to automatically enroll their workers in emergency savings accounts; and...