The US has nearly 29 million forgotten retirement accounts holding at least 1.65 trillion dollars in assets.
Most Americans born between the years 1957 and 1964 held multiple jobs before the age of 54, leading to various retirement accounts.
If retirement accounts are inactive for a long period, they can be transferred to the state as unclaimed property.
If you think you have money in missing accounts, contact your former employer's HR departments or the institutions that manage them.
Several online resources can also help locate missing accounts. This includes the National Registry of Unclaimed Retirement Benefits, the Department of Labor's Abandoned Plan Database, FreeERISA, the U.S. Pension Guaranty Corp database, and MissingMoney.com.
Your state may offer an unclaimed property database to help locate funds turned over to state agencies.
Federal resources, such as the US Department of Labor's searchable database, can also help locate previous retirement accounts.
