Advertisement
savings

How to Find Lost Money

States and federal agencies have billions of dollars in unclaimed assets. Here's how to find out if any of it is yours.

Billions of dollars of unclaimed assets are sitting in state and federal coffers -- and some of that money could be yours. Accounts that have been inactive for at least a year end up in state treasuries and other agencies until someone claims them.

So if you moved, for example, a dividend check might not have made it to your new address. Or maybe your parents opened a savings account for you while you were in college and you forgot about it. If you think you have missing assets, there are plenty of Web sites that can help you track down your money. Laura Cohn tells you where to start your search in Where to Find Free Money in the March issue of Kiplinger's Personal Finance. Here are some of the sources she lists:

Advertisement - Article continues below

The Pension Benefit Guaranty Corp. -- Track down a lost pension.

Federal Deposit Insurance Corp. -- It has a list of unclaimed insured deposits at firms that were shut between 1989 and 1993. Post 1993 bank assets go directly to state treasuries.

The U.S. Treasury -- The Treasury Hunt tool can help you find a misplaced Treasury bond or a series E savings bond from 1974 or later.

Advertisement

Most Popular

What Are the Income Tax Brackets for 2020 vs. 2019?
tax brackets

What Are the Income Tax Brackets for 2020 vs. 2019?

The IRS unveiled the 2020 tax brackets, and it's never too early to start planning to minimize your future tax bill.
June 20, 2020
Tax Changes and Key Amounts for the 2020 Tax Year
tax law

Tax Changes and Key Amounts for the 2020 Tax Year

Americans are facing a long list of tax changes for the 2020 tax year...and it's never too early to start thinking about next year's return.
June 22, 2020
10 Tax Breaks for the Middle Class
tax deductions

10 Tax Breaks for the Middle Class

Tax breaks aren't just for the rich. There are plenty of them that are only available to middle- and low-income Americans.
June 30, 2020

Recommended

Resources for alternative forms of transportation needed by many older adults
retirement

Resources for alternative forms of transportation needed by many older adults

For many older adults, having an alternative mode of transportation may be the difference between independence and social isolation.
June 29, 2020
Find the Best Money Market for You
money market accounts

Find the Best Money Market for You

Whether you choose a money market fund or account largely depends on the money's purpose.
June 24, 2020
The Answers to More RMD Questions
retirement

The Answers to More RMD Questions

The CARES Act made 2020 required minimum distributions optional. But what are your next moves?
June 12, 2020
Property Tax Breaks for Retirees
retirement

Property Tax Breaks for Retirees

Planning to buy a home in a different state? Property taxes should be examined closely, because they can be quite a bit higher than income taxes in ma…
June 10, 2020