Tag: James Lankford
![piggy bank on life buoy on water](https://crr.bc.edu/wp-content/uploads/2021/07/piggy-bank-on-life-buoy-on-water-1536x1229.jpg)
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…