Lately, lots of Americans have been switching jobs, but many have forgotten about their 401(k) retirement savings. A new study shows that since 2021, people have left behind about $30 million in these accounts. But why does this matter?
With many people changing jobs, they’ve also been forgetting about their saved retirement money. This isn’t just about unused money. If you don’t keep an eye on these accounts, you could lose a lot because of bad management and extra charges. In fact, if you’re not careful, you could lose thousands over 30 years.
What’s more, many don’t really know about the charges in their 401(k) accounts. They think they’re paying less, but the truth? They might be paying more, and this takes away from their saved money.
Want to find your lost 401(k) money and save for your future?
