You aren’t alone if you are missing some retirement account assets. Sadly, many have forgotten old 401(k)s or other retirement plan assets. According to Capitalize, a company specializing in 401(k) rollovers, a shocking 20% of all 401(k) assets in the U.S. were in forgotten accounts at the end of 2021.
The days of working for one company your entire career are long gone (for most people). People are jumping from job to job, often leaving a trail of old retirement accounts and even a few pensions. Because of this, a surprising number of people lose track of these accounts. Forgetting your old 401(k)s can hurt your overall retirement security when you factor in compounding interest.
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