Nearly half of job changers cashed out of 401(k) accounts in 2008
Wondering why Americans haven’t accumulated more wealth in 401(k) accounts? Here’s one good reason: nearly half of people who changed or lost jobs last year cashed out of their accounts on the way out the door. A study by Hewitt Associates reveals that 46 percent took cash out of their accounts on their way out the [...] [read full article…]
