Oct 24, 2019
Have you ever come across a $20 bill you had forgotten you’d tucked into a pants pocket or drawer? Sometimes retirement accounts and life insurance policies can also get lost or forgotten if you aren’t careful to keep track of where everything goes. How do you locate what you’ve lost?
On this episode:
1:20 - Often money in a 401(k) is lost or forgotten when people leave a job.
3:36 - What happens if you don’t take enough of your RMDs?
4:54 - You can invest in thousands of different investments through one account.
6:04 - Life insurance is also often forgotten about, especially with smaller policies.
8:02 - Organizing your accounts is a way to love your family members.
For show notes and additional resources, click here: https://financialplanningva.com/tracking-down-forgotten-money/