3 Ways an Emergency Fund Can Boost Your Retirement Savings

3 Ways an Emergency Fund Can Boost Your Retirement Savings

This past year has been a doozy, and the humble emergency fund is enjoying a moment in the spotlight. Not only will it help you be more prepared in case of an unplanned cost, but there are also a few ways it can help you save more for retirement too. Nearly one-third (30%) of Americans withdrew a portion of their retirement savings to cover unexpected expenses due to the COVID-19 pandemic, according to a 2020 survey from MagnifyMoney.