[Ipg-smz] Two lumps of "retirement" coal in my holiday stocking

[Mark Brownstein]

I wouldn't be too surprised to find that the states where these 
companies were located had the funds in an impound account or two. I 
believe that the retirement accounts established by these companies HAD 
TO BE maintained separately from the core businesses, so the funds may 
still be there, gathering interest all these years, if you can find them.

Maybe the Social Security Administration can point to to where these 
funds are reportedly being held and, counterintuitively, actually HELP 
you to find those accounts - or whatever agency is still holding them 
for you.

It may take some work, but the reward should be well worth it.

Either way, the topic of 'what happens to my retirement accounts when 
the company goes 'poof'?' may become an interesting article.



On 12/22/2019 1:44 PM, David Needle via Ipg-smz wrote:
>
>
> I recently applied for social security - yeah, I'm that old. Sigh. But 
> not retiring.
>
> Anyway, I just received two letters from the Social Security 
> Administration headed
> *Potential Private Retirement Benefit Information. *
>
> Each one begins: /"We are writing to tell you that you, or the worker 
> whose Social Security number appears at the top of this form, MAY be 
> entitled to some retirement benefits from a private employer ./
>
> Long story short, one letter says there is a "value" of $18,376 in a 
> retirement account connected to CMP Publications reported in 1998 and 
> the other lists $34,687 from Computer Currents Publishing reported in 
> 1996.
>
> Both of those companies are long gone so I assume this is just some 
> unresolved accounting by Social Security. While I don't remember these 
> exacty figures, I did have a 401K at both companies so I assume that 
> is what is this is in reference to and the money isn't actually owed 
> to me or even exists anywhere as I would have rolled it over long ago.
>
> Oh well, got excited there for a minute.
>
>
>
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