Oh Where Oh Where Is My Pension?
It just might be in a state “unclaimed” property fund. A recent research paper issued by the Center for Financial Security of the University of Wisconsin-Madison puts a spotlight on these funds and the many unclaimed retirement accounts in them: “Frictions in Saving and Claiming: An Analysis of Unclaimed Retirement Accounts” by Corina Mommaerts and Anita Mukherjee. In the paper, the authors use data collected from state unclaimed property databases to estimate that nationally in 2016 there were 70,000 unclaimed…