Tag: 401(k) Plans Are Awfully Leaky

Senior couple and tecnologies

Up to 20 cents per dollar contributed leaks out early due to cashouts, loans, and withdrawals  At a recent conference, someone proclaimed that “401(k) plans leak like a sieve!” I know that the balances are small – combined 401(k)/IRA holdings of only $120,000 for households approaching retirement – but I attributed that primarily to peo…