To show workers the long-term impact of cashing out their 401(k) savings when they change jobs or retire, a firm that provides rollover services for plan sponsors now offers a free “Cash-Out Calculator.”

Charlotte, N.C-based RolloverSystems Inc. makes the calculator available at rolloversystems.com. The calculator is able to demonstrate, for instance, that withdrawing a few thousand dollars today can diminish long-term savings by tens of thousands of dollars, as a result of taxes, penalties, and loss of compounding.

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