Ignoring Your Old 401(k) Could Be a $130,000 Mistake

The article highlights the financial risks of ignoring old 401(k) accounts after changing jobs. Many accounts default to cash, which offers low returns and is subject to high fees. This lack of active management can result in significant financial losses, potentially exceeding $130,000 over time. To avoid this, individuals are encouraged to consolidate accounts, roll over funds into IRAs with better growth potential, and seek professional financial advice. Taking these steps ensures better control and maximization of retirement savings. For details, visit the Kiplinger article.