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Liz Weston: Does a 401(k) employer match tempt you to cash out?
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FILE - Cash is fanned out from a wallet in North Andover, Mass., June 15, 2018. Too many people cash out their 401(k)s when leaving a job — and part of the problem may be generous employer matches, researchers have found. Large matches can change how employees view their retirement savings, shifting their attitude from viewing a 401(k) as an “untouchable lockbox” to a liquid windfall of sorts. - photo by AP Photo/Elise Amendola, File
Many companies try to help their workers to save for retirement. Employers often offer 401(k)s, company matches and automatic enrollment to encourage saving. Much of that effort goes to waste, though, when employees leave.