https://longevity.stanford.edu/wp-content/uploads/2017/05/new-logo2-01-300x107.png 0 0 mbeals https://longevity.stanford.edu/wp-content/uploads/2017/05/new-logo2-01-300x107.png mbeals2013-12-12 19:06:022013-12-12 19:06:0212/11/2013 - ‘My Money’ credit cards can boost 401(k)s (MarketWatch)
12/11/2013 – ‘My Money’ credit cards can boost 401(k)s (MarketWatch)
I have been thinking about two issues – how to reduce leakages from 401(k) plans and whether low-wage workers who are auto-enrolled into IRAs will stay put or opt out. The link between these issues is the employee’s need to access funds before retirement. Some suggest that people establish a buffer – or short-term – savings account that they could access when their roof springs a leak. But it doesn’t seem realistic to ask people who can barely afford to cut back on spending to fund both a short-term buffer account and a retirement-savings account.
Read the full article at MarketWatch.