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Automated Emergency Savings Plans: The Next Big Thing?
American Society of Pension Professionals & Actuaries [ASPPA]
Nov. 14, 2019 "Automated emergency savings funds, a new kind of benefit that provides an additional way for employees to save for future expenses, may offer benefits beyond achieving that goal -- including reducing plan leakage. These savings funds differ from tax-qualified retirement accounts in that they are composed of after-tax funds. But like a pre-tax retirement fund, money can be taken from paychecks and put into automated emergency savings funds automatically." MORE >> |
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