We all know that life moves fast—career changes, relocations, and new opportunities can sometimes cause important financial details to slip through the cracks. One of the most common financial missteps? Losing track of retirement accounts from past jobs.
That’s why we’re excited to share some good news! Thanks to the SECURE 2.0 Act of 2022, the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) is launching a Retirement Savings Lost and Found Database to help individuals like you track down retirement benefits that may still be rightfully yours.
What Is the Retirement Savings Lost and Found Database?
This new database is designed as a centralized online resource where you can search for any lost or forgotten retirement benefits. Whether you had a 401(k), pension plan, or other employer-sponsored retirement account, this tool can help connect you to your unclaimed funds. If a former employer changed names, merged with another company, or closed down, you’ll still be able to find the relevant details on how to recover your money. This tool won’t help you find accounts if you worked for a government or religious organization, however.
Why Does This Matter to You?
Studies show that millions of dollars in retirement savings go unclaimed each year simply because people forget about old accounts or lose track of where their funds are held.
How Can You Use This Tool?
- Search for Missing Accounts – The database will allow you to input your personal details and locate any retirement accounts that may still owe you benefits.
- Learn About Next Steps – Once you’ve found an account, the system will provide instructions on how to reclaim your funds.
We’re Here to Help
While the Retirement Savings Lost and Found Database is a fantastic resource, navigating retirement planning can still feel overwhelming. If you have questions about old accounts, consolidating retirement funds, or ensuring that you’re maximizing your savings, our team is here to assist you.
Want to take the next step? Give us a call or schedule a consultation to discuss how we can optimize your retirement strategy and ensure every dollar is accounted for.
Your future self will thank you for taking the time to track down and secure what’s rightfully yours!
