Americans for Retirement Protection exists to help Americans guard their retirement savings.

As Americans, we have a lot of options when it comes to saving for retirement.

Since social security is not likely to cover all life expenses when you retire, many people choose to save using a 401K or other savings plan.

In today’s tough economy, many families have been hit hard by a job loss, pay cut or pay freeze. Rising costs on everything from groceries to gas and the high costs of insurance leave many families with nothing to fall back on in the event of a medical emergency or unexpected household expense, like a roof repair. With such limited resources and fewer traditional sources of credit available, more and more people are choosing to borrow from their retirement savings without understanding the risks.

Did you know that if you can’t pay back the loan due to death or disability - your retirement saving is at risk? Your family could be responsible for repaying your loan PLUS any associated taxes, fees and penalties that can be as high as 30%! Worse, your loved ones who are depending on retirement savings may be left with less than 20% of the original balance of your savings plan.

For example: Let’s say you borrow $10k from your 401(k) valued at $20k to cover an unexpected medical expense. If the borrower dies or becomes disabled before the 401(k) loan is repaid, and your family has no other way to repay the loan, after taxes, penalties, and fees your plan is left with approximately $5.5k – a loss of more than $14k!

But...our government can prevent this unhappy ending by
providing insurance for loans taken from savings plans.

As Americans, we deserve to have our hard-earned money protected -
in good times and in bad.

Take a stand and raise this issue to our leaders by signing our online petition to demand loan insurance that protects the value of our retirement funds! Do more, and send a letter to your local Congressman/Congresswoman.