Most Retirees Roll Assets Out of Retirement Plan
The American College New York Life Center for Retirement Income
A study by the Center for Retirement Income at The American College of Financial Services finds that the majority (62%) of recent retirees with substantial assets in a defined contribution plan at retirement chose to move their assets out of the plan.
More than eight in ten did so with the help of an adviser.
Moore, Rebecca, "Most Retirees Roll Assets Out of Retirement Plan" (2016). In the News. 1121.