There's $2.1 Trillion Sitting in Forgotten 401(k)s... Is Some of It Yours?

There's more than $2.1 trillion sitting in forgotten 401(k) accounts across America. Nearly 32 million accounts, averaging about $66,000 each. Money real people earned and simply left behind, one job change at a time. In this episode, I break down why this keeps happening, what a 2022 law was actually supposed to fix and where it falls short, and the real cost of doing nothing: forgotten accounts miss out on a combined $116 billion in growth every year, and for one individual account that gap can mean nearly $700,000 in lost growth over a working lifetime. I also walk through the government's real tool for finding lost accounts (the Department of Labor's Retirement Savings Lost and Found) including what it can and can't do, and what happens to unclaimed retirement money that eventually gets swept into state coffers. Check if you're one of the 32 million: https://lostandfound.dol.gov (you'll verify your identity through Login.gov as part of the process). This episode includes a paid partnership with Noble Gold Investments, a company Collin Plume owns and operates. If you'd rather have a team track down and roll over an old account for you: https://noblegoldinvestments.com/coll... Subscribe for a new episode every week. One important question facing the American people, answered with history, data, and twenty years of lived experience. #TheCollinPlumeShow #RetirementSavings #401k #PersonalFinance #Finance