[20220323]IF12065_使用退休账户功能进行短期储蓄.pdf

https:/crsreports.congress.gov March 23, 2022Using Retirement Account Features for Short-Term SavingsIntroduction Workers can often use retirement savings for unexpected expenses. However, policymakers have expressed an interest in helping workers save for emergencies in ways that do not draw down their retirement assets. Employer-sponsored defined contribution (DC) planswhich facilitate long-term savingscould serve as a platform for workers saving for unexpected expenses. In DC plansof which the 401(k) plan is the most commonemployees and/or employers contribute to employees individual accounts in the plan. Some proposals to increase short-term savings envision new add-on accounts (informally referred to as sidecar accounts in some cases; e.g., see S. 2601 in the 117th Congress). Other proposals would use existing features of employer-sponsored DC plans that allow funds to be used for unexpected expenses. This In Focus discusses two of such existing features: deemed Roth Individual Retirement Accounts (IRAs) and after-tax accounts (non-Roth) within qualified retirement plans. Retirement Savings Accounts Workers may be able to make one or more of the following types of contributio