Tag: rainy day fund
It would offer easy access to emergency funds and encourage retirement saving. For 20 years, I have liked the idea of attaching a credit card to 401(k) accounts so that account holders would have an easy source for emergency saving. My colleagues mocked me mercilessly. Now that they have moved the need for emergency saving…
This is just one of several ways that states are encouraging saving. My colleagues Anek Belbase and Geoff Sanzenbacher have been very involved in efforts to set up state “auto-IRA” retirement programs for private sector workers not covered by an employer plan. To get a sense of the feasibility of these new state efforts, they…
