The U.S. can learn from other countries about instilling the mindset of preserving retirement savings and creating different pools of assets to be dipped into in case of emergency.
Employees in a survey from Empower Retirement say they believe their views are created by personal experiences and characteristics, not by their age group.
The proposal would allow catch-up contributions in 2021 and 2022 equal to the difference between an individual’s actual contributions and current federal limits on these accounts.