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Retirement Savings: Improvement, but One Area Needs Work
Fidelity reports that there has been a positive swing in the rate of savings among American households, with the level of money going into defined contribution plans increasing about 12% since 2010. and with higher balances and fewer loans from savings plans, it looks like a growing segment of the population is getting the message. As reported in this journaltimes.com post by Matthew Frankel, though, there is one area where improvement is needed–more than a third of folks changing jobs are electing to cash out their plans rather than retain them in their savings portfolio. Read Frankel’s assessment of the situation here…
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