The Need for Emergency Savings
In episode 18 of Revamping Retirement, Mike Webb and Jack Towarnicky of the American Retirement Association share differing views on the benefits of offering sidecar emergency savings accounts to retirement plan participants.
One option, growing in popularity among retirement plan sponsors, is to offer an emergency savings account through the retirement plan recordkeeper. But are these sidecar accounts the best approach?
In episode 18 of Revamping Retirement, Mike Webb and Jack Towarnicky of the American Retirement Association discuss differing views over utilizing sidecar accounts for emergency savings.