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Retirees Who Cash Out Could Take Their Lumps: the Risk of Poor Investments
TheStreet.comLink to more items from this source
Mar. 22, 2002
Excerpt: Consider that before long, more Americans than ever will start retiring, as the baby boomers begin turning 65. When that happens, some of the same investors who've struggled to manage their retirement savings accounts all along will suddenly have to manage a massive sum of money -- their 401(k) accounts -- worth hundreds of thousands of dollars. But there will no longer be time to recover from screwups.

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