Leaving a job? What to do so you don't misplace retirement savings [CNBC]
Ameriprise Financial, Inc. (AMP)
Last ameriprise financial, inc. earnings: 1/29 04:10 pm
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Source: CNBC
Neglecting such a plan, which can hold thousands of dollars after just a year of work, is more common than you might think. In the decade from 2004 to 2014, more than 25 million people who switched jobs left one or more employer-sponsored retirement accounts at a former workplace, according to a report from the Government Accountability Office. Of course, these accounts can be recovered years after the fact. However, tracking them down later can take a lot of time and effort, and means you've probably missed out on earnings from neglecting to manage your investments properly. In addition, if you don't find any lost employer-sponsored plans by the time you retire, you could face penalties for failing to withdraw money regularly. “We highly recommend people don't leave money scattered all over,” said Gail Reid, a certified financial planner and private wealth advisor for Ameriprise Financial Services in Glendale, California. When to rollover To ensure you don't leave any money
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AMP
Earnings
- 4/22/24 - Beat
AMP
Sec Filings
- 5/6/24 - Form 10-Q
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- AMP's page on the SEC website