Lost track of an old 401(k)? Millions are at risk of 'forgetting' their retirement—here is how to find your missing cash.
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓A recent Empower survey found one in three Americans may have lost track of retirement savings left with a past employer.
- ✓Half of Gen Z and 45% of millennials face this risk.
- ✓Eileen Olson said, "Even a small balance can matter because growth and compounding add up over time."
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Old job, forgotten retirement money. A recent Empower survey found one in three Americans may have lost track of savings left with a past employer. Half of Gen Z and 45% of millennials say the same. Start with the US Department of Labor's Lost and Found Database, then contact your old employer's HR.
One in three Americans say they may have lost track of retirement savings left with a past employer. This comes from a recent survey by Empower, a retirement-plan provider. Younger workers are affected the most. Half of Gen Z and 45% of millennials say they may have lost track of some of their savings.
Eileen Olson, a certified financial planner at Emerald Wealth, compared finding such money to finding cash in the sofa. Even a small balance can matter, she said, because growth and compounding add up over time.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Economic Times
Read the full, original unfiltered story directly on the publisher's portal.