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money funneling down drain In some cases, plan rules worked against workers in requiring minimum withdrawals that were higher than they needed. (Photo: Shutterstock)

Although as of 2017, retirement plans and IRAs in the U.S. held nearly $17 trillion, a new Government Accounting Office report finds that in 2013, workers across several generations, aged 25 to 55, removed money from their retirement savings. How much? The GAO said “at least $69 billion (+/- $3.5 billion).”

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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