Tag: emergency savings

However, they are frustrated because their savings aren’t earning anything.

Experts say such offerings could help improve employees’ financial wellness and retirement security.

Retirement plan recordkeepers are shifting how they see their role in ensuring financial security for participants, and they’re reacting to...

Nearly 30% of workers have no emergency savings fund, leading many to raid their retirement accounts.

More employers are also likely to offer automatic emergency savings, a Millennium Trust executive says.

The study shows more Americans are focusing on emergency savings accounts rather than long-term goals, including retirement. 

The COVID-19 pandemic has accelerated what was already an emerging goal for the retirement planning industry: helping participants prepare for...

Employers can match up to 100% of employees’ contributions.

More than half of Americans are earning half or less than half of their pre-pandemic income, and 31% have lost...

The retirement plan system has the infrastructure to get people started building emergency savings.

More than half of Americans are disappointed with their overall savings, according to a new Bankrate.com survey, including 27% who...

The Saving for the Future Act would require employers to contribute 50 cents to a savings account for each worker...

Seventy-seven percent of Americans think Congress should do more to expand access to retirement plans, while 83% favor making it...

A survey found more Americans are prioritizing building an emergency savings fund over retirement savings.

Many workers earning between $35,000 and $100,000 voice confidence about near-term financial goals, but this seems to be coming at...

The new tool was created in response to the numerous news reports and research papers citing a dire lack of...

Expenses are cited as the main reason why they are failing to save anything, Bankrate.com found in a survey

Many may need to set up an emergency fund or pay off debt first.