Tag: Enhancing Emergency and Retirement Savings Act of 2021
Maybe it‘s time to rethink adding a credit card to 401(k) accounts! Senators James Lankford (R-OK) and Michael Bennet (D-CO) introduced the Enhancing Emergency and Retirement Savings Act of 2021, which would allow 401(k) participants one penalty-free distribution of up to $1,000 each year to deal with financial emergencies. The rationale is that low-paid workers…