Improving Outcomes | Emergency Funds
Life Happens
When participants have no choice but to draw from their retirement plan.
Tag: emergency savings
Financial Wellness Trends Shine a Light on Employee Needs
Areas of focus have shifted during the pandemic and will define trends for the new year.
Health Shocks Often Derail Financial Stability
A new survey shows workers’ ability to maintain or regain financial control after a serious, unexpected health event appears difficult—if...
New Benartzi Paper Dissects Narrow Framing Phenomenon
Would you accept a bet in which you win $200 if a coin lands on heads and lose $100 if it lands on tails? What if you could...
Cover Story
Masterminds of the Plan
How advisers can use RFIs to ensure they match clients with the best providers.
Enhancing Emergency and Retirement Savings Act Unveiled
The bill would encourage retirement plan participation by giving people penalty-free access to funds in the event of an emergency.
15th Anniversary of RPAY: Jania Stout
In the past few years, her practice has grown its assets by nearly $1 billion a year.
15th Anniversary of RPAY: Chepenik Financial Services
Jason Chepenik says advisers need to continue to have the courage to try new ideas.
Servicing Strategies
Never Too Late
Strategies to help clients who are behind on saving ‘retrieve’ lost time.
FinFit Creates Savings Account With Employer Match
Employers can match up to 100% of employees’ contributions.
Nearly Two-Thirds of Americans Don’t Have Emergency Savings to Last Six Months
More than half of Americans are earning half or less than half of their pre-pandemic income, and 31% have lost their entire income, a FlexJobs and Prudential survey...
The Future of Emergency Savings Post-COVID
It took a catastrophic global event to demonstrate how ill-prepared many Americans are for even a brief interruption of income—including many people high up on the income scale.
Majority of Americans Are Concerned About Finances
More than one-quarter are extremely or very concerned, according to Fidelity.
Will Millennial Workers Switch to Emergency Savings?
Industry analysts predict the younger workforce may shift its focus towards emergency savings, instead of retirement, as a result of the COVID-19 crisis. Advisers can help with this...
Editor’s Letter
The Right Context
The approximately 25%—vs. 41%—of workers who struggle to pay everyday bills are the group that we should target.
Financial Regrets Voiced by Majority of Americans
Millennials bemoan their student loan debt loads while Baby Boomers voice the most regret about not saving for retirement earlier, according to a Bankrate.com survey.
Bill Would Require Employers to Contribute to Workers’ Savings
The Saving for the Future Act would require employers to contribute 50 cents to a savings account for each worker for every hour worked, or more than $1,000...
Seventy Percent of Americans Feel Financially Stressed
Asked what benefits support their well-being, 74% said retirement plans, 56% said life insurance, 35% said tuition reimbursement/student loan repayment programs, and 29% said financial education.
Cookie Jar from SafetyNet Links Emergency Savings to Debit Transactions
The program rounds up debit card purchases and checking account transactions to the nearest dollar and stores the change in employees’ Cookie Jar savings accounts.
PANC 2018: Financial Wellness
The importance of measuring return on investment and addressing participants’ short-term needs.