WHERE THE 401(k) MONEY IS GOING.

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Section: Personal Finance

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WHERE THE 401(k) MONEY IS GOING

What will people do with their 401(k) when they leave their jobs? Market research firm Brightwork Partners surveyed 3,712 retirees or job changers with at least $5,000 in their retirement accounts to find out. Some 42% said they planned to roll over into an IRA, vs. 38% in 2001, when Brightwork last did a similar study.

TAKE AN ANNUITY OR SYSTEMATIC WITHDRAWAL PLAN       5%
ROLL TO A NEW EMPLOYER PLAN                         8%
TAKE THE CASH                                      15%
LEAVE IN PLAN                                      30%
ROLL OVER TO AN IRA                                42%

Data: Brightwork Partners LLC

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