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Policy changes look to reduce 401(k) plan leakage – NBC Connecticut

Workers frequently cash out their retirement accounts when changing jobs. That can cost them in the long run.

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Policy changes look to reduce 401(k) plan leakage – NBC10 Philadelphia

Workers frequently cash out their retirement accounts when changing jobs. That can cost them in the long run.

United statesCraig copelandMuxin zhaiJohn lynchSpencer williamsYanwen wangVanguard groupEmployee benefit research instituteLabor departmentCheck the national registry of unclaimed retirementFidelity investmentsAlight solutionsTechnology modernization fundPortability services networkContact employee benefits security administrationUs labor department

Does a Company s 401(k) Match Entice You to Cash Out?

Does a Company s 401(k) Match Entice You to Cash Out?
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Retirement: Could Your Employer s 401(k) Match Actually Be Hurting Your Savings?

A 401(k) plan is one of the best ways to stockpile money away for retirement. Funds contributed to an account can be deducted from your taxable income and you can grow your savings over time through.

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The strange way generous 401(k) employer matches could be hurting retirement savings

Is it a wasted effort for employers to offer 401(k) company matches if workers simply cash out when they quit?

United statesUnited kingdomMuxin zhaiJohn lynch jrYanwen wangUniversity of coloradoNerdwallet incUniversity of british columbiaTexas state universityEmployee benefit research instituteMarketing scienceBritish columbiaJohn lynchOut retirement savingsJob separationEmployee benefit research