Unclaimed Money

Keeping track of all of your accounts can be hard. If you have changed jobs recently, did you remember to rollover that old 401k to the new employer??

Then there are other accounts like HSAs and FSAs that also need to be moved. You can put money into these accounts for future healthcare expenses. But many people forget about them when they change jobs or life gets busy. FSAs are particularly important since it has a "use it, or lose it" rule. HSA money is not subject to that rule and can grow forever.

Money.com estimates in 2020, 44% of workers with FSAs forfeited money, and the average amount was $408 per person. Workers forfeited approximately $3 billion in 2019 and $4.2 billion in 2020.

Check out the Missing Money website here to claim any forgotten money under your name.