Explained: How to Find a ‘Forgotten' 401(k)
ฝัง
- เผยแพร่เมื่อ 28 ก.ย. 2024
- Consumer Investigator Chris Chmura explains how you can search for a leftover, missing or forgotten 401(k).
When people leave a job, they don’t always take their 401(k) with them. And when the company can’t find you, the account goes dormant. But the money does not go away.
We’re taking a look at how many accounts are "forgotten." The number is huge: more than 20 million!
And the money in the is even more staggering: more than $1 trillion - left behind.
You can hunt for a leftover, missing or forgotten 401(k) a couple different ways.
1.) Use a company like Capitalize: hicapitalize.com
2.) Search The National Registry of Unclaimed Retirement Benefits: unclaimedretir...
3.) Look in State Unclaimed Property: unclaimed.org
A bill moving through Congress might create a federal government database -- eventually.
You can use the current methods today - no waiting!
Stay connected:
Follow us on Twitter: / nbcbayarea
Like us on Facebook: / nbcbayarea
Follow us on Instagram: / nbcbayarea
Follow us on TikTok: / nbcbayarea
Catch up on all the day's news:
www.nbcbayarea.com
Download our mobile app:
On iOS: nbcbay.com/R1BhqYM
On Android: nbcbay.com/rUcA97h
Watch us on OTT:
Add our channel on Roku: bit.ly/3ySK60j
Download our app on Amazon Fire TV: amzn.to/3FmmiEA
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
@Alethia-q9s That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@Alethia-q9s The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
@Alethia-q9s I will give this a look, thanks a bunch for sharing.
Why cant they just send letters to the employees??
They wanna steal the money
you can but the problem is, your old employee may have switch to 4 different 401k companies in 10 years
They can, but the government dont like that, because when you die politicians get a bonus for all those unclaimed funds, according to hillary
Whatever you choose, make sure you read the fine print. People have been tricked into signing agreements, giving the finders the rights to ALL of the 401k amount. If you've been or know someone who has been scammed, please reply. 🤨
Ty
I’m pretty sure this is a scam
I took my 401K and transferred mine into an IRA. My old job was mad because they assumed I would leave it with them even though they let my entire department go.
Capitalize just ask you for all sorts of personal info before starting the search. Don't trust anyone with my personal info. Not worth it!!!
How much personal information is needed? I don't give out my SS number.
You need to provide your SSN to get anywhere with the National Registry.
You misspelled, it's you don't "have" a SS number lmao
Are you grading papers for this youtube course professor? @theapotheosisofgdot2294
a free service that sells your info i bet