Did you know that there are tens of millions of retirement accounts sitting around that have been forgotten? All in all, it adds up to $2.1 trillion of unclaimed retirement funds. You might think, “That would never happen to me,” but more people than you’d imagine have retirement money from a job they left 20 to 30 years ago (seriously).
Job changes, company mergers, outdated addresses, and paperwork lost over decades have left many retirees unaware that money is still waiting for them. Fortunately, there are now government-backed tools designed to reconnect people with these forgotten benefits. One of the most valuable is a lost pension database maintained by the federal government that helps seniors locate retirement money they may not even know exists. Here’s what you need to know about it.
