EBRI: Job Changers Blow Less Retirement Cash
National Underwriter (Life and Health Financial Services Edition) (07/09/02) p.14; Bachelor, Lisa

According to the Employee Benefit Research Institute, more U.S. workers are keeping retirement plan assets in retirement accounts when they change jobs; 35 percent of workers kept their money in retirement savings accounts in 1998, up from 19 percent in 1993. The research shows that workers are saving more because the distribution sizes are increasing and workers are getting older. The average age of U.S. workers who change jobs is increasing, and older recipients are more than twice as likely to save their distributions as younger workers.


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