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Who knew that the lack of objective retirement plan advice would become a “front-burner” topic in Washington and the media? In March, the Government Accounting Office (GAO) published a report on the problems 401(k) participants face when they fail to receive good advice on distribution options. Without mincing words, GAO found that “the current rollover process favors distributions to IRAs” whether or not this is in participant’s interest. GAO recommended a series of steps the U.S. Government can take to reduce obstacles and disincentives to plan-to-plan rollovers


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