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Lost IRA Search - Find a missing IRA Individual Retirement Account
Trace a Missing IRA - Unclaimed Individual Retirement Account Search
Approximately 50 million
Americans own Individual Retirement Accounts (IRA) worth an estimated $3
trillion. Types of IRAs include:
About half of all IRAs are administered by and invested in various mutual funds. One- third are held in brokerage accounts, while bank deposits and life insurance annuities account for the remainder. About 15% of IRAs cumulatively worth $450 million are held by those aged 70 and above. Due to tax free compounding over the years, the average account is valued at around $100,000.
While unclaimed 401(k) retirement plan assets come under the purview of federal guidelines mandated by ERISA (Employee Retirement Income Security Act of 1974); missing and forgotten IRAs at banks, brokerages and insurance companies may not. These include rollover IRAs established for missing or non-responsive 401(k) plan participants.
A Traditional IRA may be considered unclaimed if a withdrawal is not made by age 70½; the age at which non-withdrawal triggers a 50% tax penalty. Both Traditional and Roth IRAs may be considered abandoned if one or more distribution checks remain uncashed, which can occur when the owner reaches age 59½ or before, if early distributions are taken.
► Due to the long term nature of this type of investment, each year large numbers of owners and heirs - who may not be aware of a deceased family member's IRA or rollover 401k - fail to claim accounts to which they're entitled.
If you have reason to believe you are entitled to claim a missing IRA, either as the original owner or rightful heir, but have had no contact with the holder and have not received payment, complete the form below to initiate a search.
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