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"[O]ne out of three job changers cashed out some or all of their workplace savings potentially causing a long-term impact to their retirement security.... [Y]ounger, lower compensated, lower balance participants are cashing out at the highest rates, a trend that has remained consistent over the last 5 years.... [T]he percentage of participants between the ages of 20 and 29 who cashed out some or all of their plan assets is 44%. Cash-out rates for those in their thirties and forties are at 38% and 33%, respectively."
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