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The Psychology Behind Leakage of Retirement Plan Assets (PDF)
Defined Contribution Institutional Investment Association [DCIIA] Link to more items from this source
Feb. 3, 2016
"[A]lmost one fourth of Baby Boomers 'cashed out' retirement savings at least once when changing jobs, while one third of Millennials and GenXers did so.... Millennials are increasingly using cash outs for non-emergency spending.... Even among the highest income level (those earning over $150,000 annually), 33% reported they have cashed out at least one account during their career.... [O]bstacles such as the length and complexity of the roll-over process are barriers to the rollover decision."

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