Episode Notes:

Lori Lucas explains the purpose of the podcast (00:18)

What is emergency savings and what features are important? (01:55)

How does having an emergency fund guard against retirement fund leakage? (03:15)

What are the negative consequences of retirement plan leakage for employees and employers? (04:32)

What constitutes an emergency, and what should we be saving our emergency savings for?  (05:45)

Information on after-tax payroll deducted, emergency savings features within 401k plans (09:33)

 How can administrators communicate that the emergency savings feature in a 401k plan is in a separate mental bucket or envelope from their retirement accounts? (13:10)

How can the financial services industry help people sort out competing savings priorities? (16:37)

What are the characteristics of employers that are adopting after-tax payroll deducted, emergency savings features within 401k plans? (19:02)

How can employers measure the success of emergency savings programs? (20:17)

What are the lessons learned from COVID-19 in terms of emergency savings? (22:03)

What should employers should be doing to ensure that employees are best leveraging emergency savings solutions? (24:11)

What does Karen Inkel wish she knew at the beginning of her career, and how does it relate to emergency savings? (27:27)