✉news BusinessPersonal Finance first seen 17 d ago, last 1 h ago, peak #5
34% of Americans May Have Lost Track of Old 401(k) Accounts
Original: 34% of Americans May Have Lost Track of Retirement Savings From an Old Job. Some Could Be Missing 401(k) Money Before They Turn 30
Roughly a third of Americans may have lost sight of retirement savings left with a former employer, and some could be missing 401(k) money before they even turn 30, according to a report from 24/7 Wall St. Frequent job changes, small balances and unupdated contact details are common reasons accounts get forgotten, and commentators urge workers to track down old plans and consolidate them before fees and inactivity erode the balances.
Why now: The finding highlights how job-hopping workers, especially younger ones, risk losing track of retirement funds they earned.
Americans24/7 Wall St.401(k) plans
Rank over time, top of the chart is #1. 2 snapshots from 2 h ago to 1 h ago.
Evidence
- 34% of Americans May Have Lost Track of Retirement Savings From an Old Job. Some Could Be Missing 401(k) Money Before They Turn 30 · 24/7 Wall St.
- 34% of Americans May Have Lost Track of Retirement Savings From an Old Job. Some Could Be Missing 401(k) Money Before They Turn 30 · Yahoo Finance
- 34% of Americans May Have Lost Track of Retirement Savings From an Old Job. Some Could Be Missing 401(k) Money Before They Turn 30 · 24/7 Wall St.
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