CompareCards: How Crisis Impacts Retirement and Emergency Savings: Q&A With Chad Parks, CEO of Ubiquity Retirement + Savings

Author: Siân Killingsworth / 22 Sep 2020

COVID-19 has turned our world upside down and forced us all to take a good, hard look at the state of our finances.

Now, it’s clear why we all must establish and maintain emergency savings in addition to our retirement savings. Though the amount of 401(k) distributions has been surprisingly low this year, we are here to remind you just how damaging it can be to borrow from this savings pile. Instead, we want to encourage everyone to adopt a dual-savings approach so you’re covered for today and in the future.

So, what’s the best way to establish this strategy? When exactly should you tap your emergency fund? And how can you be certain your future savings is secure?

Our Founder and CEO Chad Parks answered these questions and more in this Q&A with CompareCards.com.