Tag: retirement saving
Most families have relatively little money and median income has been stagnant. If you hang out in the Northeast and talk to financial types and academics who worry about pensions and retirement income, it is easy to get lulled into the notion that the mass affluent – the upper middle of the income distribution –…
Without an emergency fund, people are more likely to tap 401(k) assets before retirement. An unusual flurry of activity in Congress is aimed at helping Americans save for retirement. The Retirement Enhancement and Savings Act (RESA), jointly sponsored by Senators Orrin Hatch (R-UT) and Ron Wyden (D-OR), has received the most publicity. This legislation, among…
