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The Loan They Never Take May Make All the Difference

…participant loans and hardship withdrawals point to another problem – namely that too many people don’t have savings or emergency funds outside of their company’s retirement plan account. It’s no wonder that too often they look to their retirement account in times of financial stress….

The Uncertain Future of the PBGC

funds from PBGC’s single-employer program to the multiemployer program, and would impose a cumulative cap on tax-preferred retirement savings and retirement accumulations. In addition to the obvious “borrowing from Peter to pay Paul” principle at play here – rarely a good idea in the long…

New Survey Provides Worrying News About Retirement Savings

…Relief, and Economic Security (CARES) Act of 2020 allowed individuals to access the lesser of $100,000 or 100% of their retirement savings without being subject to early withdrawal penalties, and allowing them to repay those funds over a three-year period without the monies being considered…