Majority of retirees roll funds out of 401(k) plans
David A. Littell
The American College New York Life Center for Retirement Income
Back in 1982 when leading edge baby boomers were in their 30s and launching their careers, a British punk rock group called The Clash released their only hit single, “Should I Stay or Should I Go?” Today, more than 30 years later, many of those boomers are wondering the same thing about their retirement savings: Should they let their money stay put in their former employer's 401(k) plan or rollover the funds to an individual retirement account.
Franklin, Mary Beth, "Majority of retirees roll funds out of 401(k) plans" (2016). In the News. 1128.