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Cash
(redirected from cashing out)

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial 0.01 sec.
Cash
Johnny. 1932--2003, US country-and-western singer, guitarist, and songwriter. His recordings include the hits "I Walk the Line" (1956), "Ring of Fire" (1963), "A Boy named Sue" (1969), and the American Recordings series of albums (1994--2003)


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Increased efforts to caution Americans about the negative financial consequences of cashing out their 401(k) plans have had little impact in changing their behavior over the past few years, according to a new study by Hewitt Associates, a global human resources consulting and outsourcing services company.
EGTRRA automatic rollover provisions were enacted in 2005 and prohibit retirement plans from cashing out former employees with balances between $1,000 and $5,000.
This phenomenon is fueled by EGTRRA mandates that prohibit employers from cashing out $1,000-5,000 retirement plan accounts when an employee leaves the company.
 
 
 
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