Abandoned 401(k)s, the Missing Piece of Retirement’s Puzzle
Aspiring retirees may be closer than they think to their retirement dreams. Finding a “lost treasure” and re-deployment through a 401(k) rollover could make all the difference. Careful consideration should go to investment options, timelines and risk tolerance. Nearly unthinkable, thousands of hard-working employees have left behind their 401(k) accounts with past employers, compromising their dreams of retirement. Published figures place asset values at more than $1 trillion, and many financial planners can cite a prospect or client experience that includes an “orphaned” account, as they are known. The cause may have been a cross-country move, neglect or, the...
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