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Botching this decision could cost you your retirement savings

johnNjohnN
edited October 2019 in The OT Bullpen
https://www.cnbc.com/2019/10/02/botching-this-decision-could-cost-you-your-retirement-savings.html


Botching this decision could cost you your retirement savings


Key Points

More than 9 out of 10 employers offer departing workers multiple ways to draw down their 401(k) savings, but most employees take a lump sum, according to Alight Solutions.
Taxes, your time horizon and the other income and assets available to you are a few of the factors you should consider before you decide.
Fees also matter. You might pay 1% in advisory fees if you roll your savings out to an advisor, yet some small 401(k) plans exceed that amount.
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