Don't Forget: 401(k) Consolidation

| April 29, 2018
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It is unbelievable but Americans lost track of more than $7.7 billion in retirement savings in 2015, according to the National Association of Unclaimed Property Administrators (NAUPA).

If you have lost track of old 401(k) or other company retirement plans don’t worry so have many others. often times it is out of sight out of mind.

What to do?

Track down any potential assets at the NAUPA site for unclaimed assets.

The above link is not a complete list so make sure your contact old employers to see if you left funds behind. Call the HR Department and check old statements for contact information.

There are also websites that can help. To find your old employer’s current contact information, try this website. Check the Labor Department to see if your old plan was terminated. A former employer may even be trying to reunite you with your money, so look at this website to see.

So get busy and roll these assets into an IRA or your new employers plan.

 

Stay Tuned, Disciplined & Patient! {TJM}

The Investor & Character Equation (ICE) | S + R = O

 

Disclosure
Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Meyer Capital Group), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Meyer Capital Group. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Meyer Capital Group is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of the Meyer Capital Group’s current written disclosure statement discussing our advisory services and fees is available for review upon request.

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