Browsing Tag
Emergency Savings
79 posts
Emergency savings are funds set aside to cover unexpected expenses or financial hardships, such as medical bills, car repairs, or job loss. This money acts as a safety net, helping you avoid debt and maintain financial stability during unforeseen events.
It’s ‘America Saves Week’: Here’s What That Means
Three days, in particular, should resonate with 401k advisors
Why Momentum is Building for Emergency Savings Accounts
Emergency savings accounts are having a moment. The Wall Street Journal calls matching emergency savings accounts the “the…
Latest Senate Bill Seeks ‘Penalty-Free’ Emergency Distributions from 401(k)s
Legislation that would provide a penalty-free “emergency distribution” option from 401ks and IRAs was unveiled today by Senator…
How Resilient Are You in the Face of Financial Setbacks?
Resilience is key to financial wellness and “one of its strongest contributing factors,” according to two new reports.…
It Takes Less Net Worth to Feel ‘Wealthy’ This Year
Wealth in America has shifted—Schwab’s 2021 survey shows lowered net worth goals for being wealthy, happy, and financially secure.
‘Save to Retire’ Day Centers 2021 America Saves Week
America Saves Week 2021, running Feb. 22-26, features “Save to Retire” as its theme for Wednesday to help people plan for retirement.
Nearly Half Say Pandemic Has Eroded Ability to Save for Retirement
Close to half of American workers say the COVID-19 outbreak has had a negative impact on their ability…
These 3 Takeaways from the BlackRock Savings Summit are Driving the Future of Retirement
The events of 2020 have exposed pre-existing fault lines in the U.S. savings system, from emergency savings to longer-term goals like saving for retirement. Article provided by BlackRock
Millennials Face Bigger Retirement Saving Challenges Due to Pandemic
Millennials have not fared particularly well financially during the global pandemic according to a new survey released this…
Employer Interest in Providing Emergency Savings Accounts Rises with Pandemic
The COVID-19 pandemic has thrown a spotlight on a problem that already existed, and one 401k advisors are…