What’s the Goal? Last I heard it was preparation for retirement via tax preferred savings … but, looking around at what is typical industry practice, perhaps I have it all wrong.
Tag "premature withdrawal"
![What’s the Most Effective Way 401k Plan Sponsors Can Motivate Their Employees to Repay Their CARES Act Early Withdrawals?](https://fiduciarynews.com/wp-content/uploads/2020/07/holding-money-1315930-660x395-1-505x306_c.jpg)
Perhaps the first option to focus on is that one that involves “paying back” or “not paying back.” The rules, while straightforward to financial professionals, may be less apparent to retirement savers.
![Retirement Plan Pros Speak Out on CARES Act From a Fiduciary Perspective](https://fiduciarynews.com/wp-content/uploads/2020/04/cash-point-1256986-660x395-1-505x306_c.jpg)
This isn’t free money. It comes at a price. Many naïve folks might be salivating at the prospect of releasing these big bucks from the prison of their retirement plan… until they read the fine print.