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More U.S. workers using distributions for essentials

An increasing number of Americans have stopped blowing their retirement savings on fast cars, big TVs and swimming pools.

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Fewer Americans are blowing their retirement savings on cars, televisions and electronics when they quit their jobs. Most workers who choose to take a lump-sum distribution from their retirement plan roll it into an IRA or other savings vehicle or use that money to pay down debt or buy a house.

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