In an interview with PLANSPONSOR, Cerulli analyst Shaan Duggal reveals the analytical firm's latest figures on premature distributions from retirement savings. In one of the year's best quotes, Duggal says: “Limiting these leaks is of the utmost importance to participants and the retirement industry......When a distribution is requested, recordkeepers should spring into action, conveying the benefits of preserving the tax-deferred nature of the assets."
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Individuals should consult their tax advisers or legal counsel for advice and information concerning their particular situation. Retirement Clearinghouse does not give legal, investment, or tax advice. IRA account fees and product information provided by Retirement Clearinghouse, LLC is subject to change without notice at the discretion of the IRA Provider. RCH Shareholder Services is a wholly owned subsidiary of Retirement Clearinghouse, LLC and a registered transfer agent with the U.S. Securities and Exchange Commission.
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