Retirement Savings

June 13. 2019 Ida Rademacher is featured in this WSJ article on employer emergency savings accounts.

If passed, this rule will rescind mandatory underwriting provisions set by the CFPB in November of 2017 governing these small dollar high-cost loans. Aspen FSP submitted a comment letter in opposition to the proposed rule to the CFPB.

The coverage gap is the most fundamental challenge facing our current retirement system, leaving roughly 55 million Americans without access to the type of tax-advantaged, payroll-facilitated savings plans that are proven to increase retirement security.

The Department of Labor is proposing a regulatory change that would make it easier for employers to band together and offer retirement benefits.

This brief explores the interaction between two critical financial security challenges, income volatility and lack of retirement preparedness.