After working for an employer for several years, employees often move on to find new jobs. Thinking that they will move their retirement account after getting that new job, many neglect to do so and it sits there completely forgotten until years later.
Many retirees today, meanwhile, have not adequately saved enough money for a comfortable retirement. But if they had all the money in their forgotten retirement savings accounts, it could change their situation. Capitalize estimates that as many as 29.2 million 401(k) accounts have been forgotten—estimated now to be worth $1.65 trillion in assets.
