The Retirement Savings Lost and Found Act of 2018

According to the U.S. Government Accountability Office, more than 25 million workers who left an employer between 2004 and 2013 left at least one retirement account behind. Jeanne Medeiros, the center director of the Pension Action Center at the University of Massachusetts Boston, states retirees are owed upward of $150 billion in missing pension benefits; this is money that people earned. How can we fix the problem? In March, a Bipartisan legislation was introduced in the Senate, the Retirement Savings Lost and Found Act of 2018, would create an online plan registry to help workers locate all of their employer-sponsored retirements accounts. The attached article reviews the legislation and the steps you can take now to make sure you don’t miss out on the money that you earned. Read article here…

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