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Three Promising Policies to Reduce 401(k) Cashout Leakage
401(k) Specialist
[Opinion] Sept. 17, 2019 "A sure-fire solution to cashout leakage is to eliminate participant choice by prohibiting pre-retirement 401k withdrawals altogether.... A promising solution comes in the form of emergency-savings plans ... Facilitating portability evens the scales for job-changers by making portability easy -- and in the case of small balances -- an automatic default." MORE >> |
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