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From the demise of DB retirement plans, came the rise of 401k plans.
Before that were profit sharing and money purchase plans. The mobile work force and cash balance plans mean workers are less secure now than before.
Very few rollover their balance to a new plan or IRA. They take the money, pay the penalty and tax, and move on. By the time they hit their 50's they realize they pisssed away several hundred thousand dollars in potential retirement money.
ERISA didn't do our aging population any favors if they work in the private sector.
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