Unclaimed 401(k) Funds

Many Americans have overlooked or forgotten about old 401(k) accounts, which often become automatic rollover IRAs when left behind by former employers. These accounts typically remain in low-interest cash-equivalent investments with fees that erode their value, leading to a decline in over 68% of accounts within a year and 39% after eight years. With millions of such accounts holding billions of dollars, experts warn that these inactive funds are not growing as intended, undermining the goal of building retirement savings through market investments.

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