United States: IRS And DOL Issue Initial Guidance On Pension-Linked Emergency Savings Accounts - Caplin & Drysdale
Friday, 26 January 2024 Effective January 1, 2024, employers who sponsor 401(k), 403(b), or governmental 457(b) plans have a new plan design option to add emergency savings accounts to their existing retirement plans.
Nearly 50% of Americans , Have Less Than $500 in Savings.
In Nov. 2023, GoBankingRates surveyed over
1,000 Americans to find out how much money
they have in their savings accounts, CNBC reports. .
According to the survey,
29% of respondents had up to $5,000.
21% had over $5,000.
Close to 50%...
Friday, 26 January 2024
