Congress must help make emergency savings automatic
People already use retirement savings to manage short-term needs through 401(k) plan loans, hardship withdrawals and by cashing out during job transitions. Any retirement legislation should include provisions for emergency savings.
It’s crunch time in D.C. Enormous legislation under consideration could have big implications for the retirement system. With the Biden Administration’s Build Back Better Act, and Secure 2.0 legislation over the horizon, policymakers have a historic opportunity to make the retirement system more
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