Compass
|
Bates & Company, Inc.
|
AimPoint Pension
|
Regional Vice President of Sales The Retirement Plan Company
|
Loan & Distribution Specialist AimPoint Pension
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Post Separation Leakage Is 'Huge Problem'
Fiduciary News; free registration required [Opinion] Nov. 9, 2021 "[E]very year, somewhere between 30% and 40% of all job-changing participants will cash out from $60 billion to $100 billion in the first year following separation, and about two-thirds of that leakage is ... not driven by a true financial emergency.... When ... small-balance participants change jobs, they face challenges.... Unfortunately, the 'path of least resistance' is to cash out when the easiest choice should be to move their retirement savings forward." |
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |