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man with faucet on his back leaking money Leakage is a term applied to 401(k) plans; namely, the money left behind in an old 401(k) savings plan when an employee starts a new job and enrolls in a new 401(k). (Photo: Shutterstock)

To paraphrase the late R&B great Edwin Starr: Leakage – what is it good for? Absolutely nothing!

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