US Working To Help Retirees Locate ‘Lost’ Retirement Savings Starting in 2025 — What To Know

When it comes to personal finances, few things are as important as saving for retirement. Unfortunately, many Americans are behind on their saving goals – and some have abandoned their retirement accounts altogether. Research from Capitalize found that as of May 2023, there were roughly 29 million left-behind or forgotten 401(k) accounts holding approximately $1.65 trillion in assets. That figure represents about one-quarter of all 401(k) plan assets — and the U.S. government wants to do something about it. Last month, the Department...