Our daily roundup of retirement news your clients may be thinking about.

Watch out for these sneaky leaks in your retirement savings Retirement savers can lose up to 25% of their retirement savings accounts from leakages, or pre-retirement withdrawals that "permanently remove money from retirement savings accounts," according to a new report from Boston College's Center for Retirement Research. These leakages include in-service withdrawals, cash-outs and loans. These losses can be minimized if the cash-out option is scrapped, hardship withdrawals are allowed only for unpredictable events, and the age for penalty-free withdrawals is raised above 59-and-a-half, the report says.  --MarketWatch

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access