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For a No-Leak 401(k) Plan, Allow It to Grow and Resist Cashing Out
The Washington Post; subscription may be requiredLink to more items from this source
Jan. 3, 2005
Excerpt: One of the key problems that continue to beset 401(k) and related retirement savings plans is what experts call 'leakage.' By that they mean the tendency of account holders, especially younger ones, to withdraw their money when they change jobs and spend it. It hasn't helped that many companies are eager to get rid of accounts with small balances and are all too ready to cut checks for departing workers and close them out.

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