Latest News
Challenges faced by women in preserving their 401(k) savings
New data compiled by Retirement Clearinghouse (RCH) indicates that women with small 401k balances cash out much more frequently than their male counterparts; however, once the balances grow, women are more likely to preserve their retirement savings. Each year an estimated 5.9 million women participants will change jobs, of whom about 2.4 million will cash out a total of $28 billion in retirement savings. Read article here…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.