In his 4/24/17 article in 401kSpecialist, RCH's Tom Hawkins explains why we're more environmentally conscious, not fiscally conscious. Hawkins uses the recent Earth Day celebration to draw a parallel to the wasteful cash out behaviors that still require curbing in our retirement system. The article cites the very newest job-changer and cash out statistics to make the case. To increase awareness of this problem, Hawkins introduces a National Retirement Savings Cash Out Clock, which depicts 2017 year-to-date cash outs. Finally, Hawkins mentions Auto Portability as a solution gaining increasing support, focusing on the latest EBRI research results, as well as the Bipartisan Policy Center’s call for a private sector “retirement security clearinghouse” to deliver account consolidation.

Read the full article in 401kSpecialist

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