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Auto-portability Will Help Workers Avoid Cashing Out of Retirement Accounts 

The U.S. Department of Labor (DOL) has paved the way for widespread adoption of an auto-portability program. Auto portability is the  automated movement of a worker's retirement account from a former employer's retirement plan to their new plan. Developed by Retirement Clearinghouse, auto portability is designed to curb cash out leakage and dramatically improve outcomes for plan participants.

Read WISER's newsletter about the importance of not cashing out, and check out a recent WISER blog about why this is especially important for women. 

 

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