Reported 8 months ago
Companies are adjusting retirement plan options in response to concerns about inflation and retirement savings among workers. Employers offer more fixed income and inflation-protected options to address these worries, with plans to keep retirees in their retirement plans post-retirement. While experts suggest considering fees, investment options, access to money, creditor protections, control, and consolidation when deciding whether to leave money in a 401(k) after retirement, surveys show a majority of workers tend to roll over their savings into IRAs within five years of leaving a company.
Source: YAHOO