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401(k) or ATM? Automated Retirement Savings Prove Easy to Pluck Prematurely
The Wall Street Journal; subscription may be required
Aug. 14, 2018
"The retirement savings made possible for millions of Americans thanks to automatic enrollment in 401(k)-style plans is proving to be an alluring pool of money for workers to borrow from or cash out when they leave a job.... Within eight years of joining a 401(k) plan, the results indicate that automatically enrolled workers withdraw nearly half of the extra they manage to save, compared with workers left to sign up for the retirement plan on their own."
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