Yes, sort of, and almost certainly if you are living in the US and have a 401k offering tiddly returns on cash you have amassed in this scheme. The geriatric dynamic is as follows: you work all your life and save for retirement in one of two ways: putting the cash in an individual retirement account or a 401K, both of which offer you that charming thing, tax-advantaged retirement savings. And then you get to 64, or more accurately 62, which the average age at which a US investor decides to swit

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