With all that has occurred in 2020, the passing of the SECURE Act and what it allows has taken on new importance.

If only 10 percent of the roughly 600,000 employers that currently offer workplace retirement plans suspended or reduced their contributions, the long-term impact would be huge.

J.P. Morgan Asset Management surveyed owners of businesses with between five and 50 employees and annual revenues ranging from $50,000 to $20 million about their 401(k)s.

An increase in certain bad financial habits – likely brought on by the pandemic – could be one reason why Americans are feeling more stressed this year.