Retirees use DC payouts wisely

By thinkadvisor | November 06, 2008 at 07:00 PM

54% - Percentage of retirees who take defined contribution payments in a lump sum. 86% - Percentage of those retirees who reinvested at least...

54% – Percentage of retirees who take defined contribution payments in a lump sum.
86% – Percentage of those retirees who reinvested at least some of a lump sum payment.
62% – Percentage of those retirees who take defined contribution payments in a lump sum who reinvest the entire amount.

Source: Investment Company Institute

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