‘Junk IRAs’ set to drain $43B from Americans’ nest eggs by 2030: report
NegativeU.S News

A new report reveals that 'junk IRAs' could drain $43 billion from Americans' retirement savings by 2030. These accounts, originally intended to hold small 401(k) balances temporarily, have turned into long-term financial traps for many. This situation is concerning as it highlights the risks associated with poorly managed retirement accounts, potentially jeopardizing the financial security of countless individuals.
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