Did you know that 1 in 5 Americans have inactive 401(k)s worth thousands of dollars? Don't let your hard-earned money go to waste! Here's how to reclaim yours.
How to find a lost 401(k):
1. Contact your old employer's HR department
2. Check old 401(k) statements for account details
3. Use look-up databases like the National Registry of Unclaimed Retirement Benefits or the National Association of Unclaimed Property Administrators
4. Check the Department of Labor's abandoned plan database
Once you've located your plan, you can:
-Request a direct rollover to your new employer's plan
-Transfer the funds into an existing IRA
-Cash it out (but beware of taxes and penalties)
-Investigate other safe investment options
Source/Read more here: https://www.cnbc.com/2023/08/09/1-in-5-americans-have-dormant-401k-plans-how-to-claim-yours.html?fbclid=IwAR0Ki9yViER_G44B8grIH6gzmgk3xHbqWLKyVKrEn6GkRsTwbo5lM4KrtCg
Did you know that women tend to outlive men? Also, their healthcare needs differ (and healthcare costs tend to be higher). What are your options?
...Read MoreTHE YEAR IN BRIEF2022 was a year of challenges for investors. High inflation challenged consumers and the Federal Reserve, which took the benchmark interest rate to a level unseen in 15 years.
...Read MoreKnowing when it’s the right time to retire can be difficult, especially if you love your job. Even professional athletes have a hard time knowing when to walk away! These athletes thought they were
...Read More
Any media logos and/or trademarks used on this website are the property of their respective owners and no endorsement by those owners of the advisor or firm is stated or implied.
Investment Advisory Services are offered through Maisch Financial Partners,LLC., a New Jersey state registered investment advisor. Insurance sales are offered through Maisch Financial Group, LLC. Our advisors and insurance reps may offer clients advice and/or products from each entity. No client is under any obligation to purchase any insurance product. No statements made shall constitute tax, legal or accounting advice. You should consult your own legal or tax professional on any such matters. *Guarantees provided by insurance products are backed by the claims-paying ability of the issuing carrier. Certain guides and content for publication were either co-authored or fully provided by third party marketing firms. By contacting us, you may be offered information regarding the purchase of insurance and investment products.
The information and opinions contained in any of the material requested from this website are provided by third parties and have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. They are given for informational purposes only and are not a solicitation to buy or sell any of the products mentioned. The information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual's situation.
