Emergency funds are a ‘security blanket’ for 401(k) savings, Vanguard researcher says. Here’s why

Emergency funds are a ‘security blanket’ for 401(k) savings, Vanguard researcher says. Here’s why


Key Points
  • Workers with emergency funds of at least $2,000 are less likely to raid their 401(k) accounts, according to Vanguard research.
  • 401(k) “leakage,” such as cashing out an account upon job separation, hurts households’ retirement security, experts said.
  • Saving even $10 to $25 per paycheck into an emergency fund can make a difference.



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