Are you one of the millions leaving retirement funds unclaimed? Surprisingly, neglected retirement accounts are more common than you might think. With 29 million forgotten 401(k) accounts holding over $1 billion in assets at the end of 2023, it's important to take action and reclaim your retirement savings.
In this episode, June shares insightful advice on how to locate and manage these forgotten accounts and even shares the story of a new client who had over $70,000 in an old 401(k) that she didn’t know about. From contacting former employers to exploring options for rolling over funds into new accounts, this conversation provides essential tips to ensure your retirement funds are working for you. If you need help with your retirement planning or have questions about your 401(k), reach out to June and the team at Transition Advisor Group!
Here’s some of what we discuss in this episode:
0:00 – Intro
2:06 – Contacting your former employer
3:58 – Options for rolling over 401(k) accounts
7:39 – Making sure nothing is overlooked with an advisor
10:43 – Final thoughts
2000 Linglestown Rd.
Suite 100
Harrisburg, PA 17110
Phone:
(717) 718-5790
Fax: (717) 618-3728
Transition Advisor Group (TAG-PA) is a company that includes Transition Planning Associates - an insurance brokerage. Our company provides retirement income strategy expertise to individuals and businesses in Central Pennsylvania, plus licensed in Maryland, North Carolina, South Carolina, Texas, Virginia and Ohio. Transition Advisor Group will help you potentially protect your assets, increase your income, reduce your taxes, provide growth with stability and income you cannot outlive. We, at Transition Advisor Group, partner with you to put all the proper income planning steps in place for a successful retirement.
Licensed Insurance Professional. Provided content is for overview and informational purposes only and is not intended and should not be relied upon as individualized tax, legal, or investment advice. By contacting us, downloading booklets, or attending events, you may be offered a meeting to discuss how our insurance and other services can meet your retirement needs. The presenters of this information are not associated with, or endorsed by, the Social Security Administration or any other government agency.
Texas license number 3003951.