Michael Newman’s latest ‘e-Wealth Daily’ article is titled “How to Find Your Unclaimed Money”. [‘Unclaimed Money’ Article]


Michael Newman’s latest ‘e-Wealth Daily’ article:

How to Find Your Unclaimed Money

It’s quite possible you could have thousands of dollars sitting in your state treasury or other financial agency. Don’t believe me?

It’s reported that there is over $33.0 billion of unclaimed funds sitting in state treasuries and other agencies around the country. The funds are generally unclaimed insurance, funds left in dormant bank accounts, payroll checks, tax refunds, utility deposits, insurance benefits, stock certificates, pension payments, and safety deposit box contents.

Essentially, this is cash/entitlements that, for lack of a better word, have been forgotten. If an account is left inactive for an extended period of time, or an insurance provider goes under, the funds that were held in the account, or to be paid, are moved into and absorbed by the treasury or another agency. Themoney, contrary to popular belief, is not lost; it’s simply been moved.

Of course, you’re on top of your money, right? You know where it all is and know what you’re owed. We may like to think that, but the numbers will usually play fewer tricks on us than our minds will.

The population of our country is currently estimated at 308,851,000 (with the next census to take place on April 1). With around $33.0 billion sitting in unclaimed accounts, that works out to almost $107.00 per person. Some people, however, have received unclaimed insurance payments worth tens of thousands of dollars.

You may be wondering how this can happen. How can you – or someone holding your cash – simply lose track of your assets? Well, a few things can happen. For starters, you may have simply forgotten about it. I know it sounds crazy, but it’s possible. Perhaps you had funds sitting in an old savings account you simply forgot about. Maybe you were contributing to a company-matched retirement savings plan, or other investment, and simply forgot about it because you weren’t dealing with it regularly.

Maybe you moved without informing your insurance company, or a company that owed you dividends, so they stopped sending payments. Depending on state laws, after a certain amount of time, the funds are simply paid into the treasury as unclaimed assets. The money doesn’t stop coming; it’s simply being redirected and is available for you to claim when you choose.

If you have no idea what kind of money could be out there for you, it’s maybe about time you took a look. Don’t worry; it’s pretty easy to find.

By logging on to web sites like http://www.missingmoney.com or http://www.unclaimed.org you can start your search. These sites carry state and agency databases of people who have unclaimed funds! Remember, you don’t have to pay for this service, so be wary of people and businesses that charge a fee to help locate your unclaimed assets.

e-Wealth Daily

About e-Wealth Daily

The e-Wealth Daily Bulletin brings you daily tips, advice and breaking news related to home businesses, small businesses and internet marketing. Our team of experts gives you the information you need to take your business pursuits to the most profitable level. Founded by Adrian Newman in 2003, the e-Wealth Daily Bulletin and www.ewealthdaily.com are a division of Lombardi Publishing with online newsletters reaching over 100,000 subscribers each month.

* IMNewsWatch would like to thank e-Wealth Daily for granting permission to reprint this article.

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