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
Do you have a record of your personal belongings in your home? Recently, when updating our homeowners policy, I realized that I do not have official documentation of all the contents of my home.
...Read MoreTax Planning: Amid soaring inflation, the IRS this week announced higher federal income tax brackets and standard deductions for 2023.
...Read MoreRetirement is undeniably a major life and financial transition. Even so, baby boomers can run the risk of growing nonchalant about some of the financial challenges that retirement poses, for not all a
...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.
