After we leave a company or old employer, usually we rollover all of the funds, exercise the options, sell the stock and ride off into the sunset ….
We know, never look back or live in the past….
Onward and upward …
Wait just a second!
Log into that old Account(s)
It is a healthy exercise to take a peek at all old accounts a few months after they have been “supposedly” closed and then once more after the beginning of the next year.
There may be a nice present in there…
- Dividends pay after the closure
- Profit sharing matching or even contributions beyond your employment departure date
- Interest Credited
- Stock matching contributions
All of these are frequent reasons there may be a remaining balance in that old account. It is worth a check, just to be safe.
Have a Great Friday!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
We have found www.missingmoney.com to be one of the best websites to find forgotten and unclaimed funds. Within a few seconds, you should be able to check for your own, and other family member’s unclaimed accounts across the country.
Usually there are not extremely large amounts of money in these pools, I personally, and also family members, have found old deposits and forgotten bank accounts that have been closed into these unclaimed pools.
In our opinion it is worth the few moments of your time to review this information, and to claim your funds, especially given the fact that doing so will possibly remove your name from another mailing list, and may also help with future confidentiality, not to mention the possibility of finding a few extra bucks.
Have a Great Start to your week !