On a Tight Budget? This 2024 Retirement Account Rule Change Could Be Game-Changer
Last year, a Federal Reserve survey saying that only 68% of Americans could cover a $400 emergency with cash made quite a stir. While an additional 21% said they could come up with the money somehow, their strategies often involved taking on debt. It's far from ideal, but up until now, low-income families haven't had many other options when faced with unplanned expenses.
That's set to change next year when a new SECURE 2.0 Act provision goes into effect. Here's what you need to know.
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Source Fool.com
