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October 29, 2009

Half of job changers cash out their 401(k)

  • When people cash out, a chunk of their money just disappears.
    • By DAVID PITT
    AP Personal Finance Writer

    DES MOINES, Iowa — Millions of workers take a huge chance with their retirement savings every year: They cash out their 401(k) accounts when they lose their jobs or move to new employers.

    When people cash out, a chunk of their money just disappears.


     
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