Stop Losing Money in Forgotten Retirement Accounts: Here’s What You Can Do

If you’ve worked more than one job in your career, chances are you have an old retirement plan sitting untouched. It might be from a previous employer or from your early working years, quietly collecting dust and earning minimal interest. You’re not alone—many USPS employees and PostCity members are in the same situation.

Rolling over those old plans into an IRA can be a smart move, offering a simpler way to manage your retirement savings while putting your money to work in a place you trust.

Why roll over an old retirement account?

• Easier to manage
  Consolidating multiple accounts means fewer statements to keep track of, fewer passwords to remember, and a clearer view of your progress toward retirement.
• Potential for better growth
  Old plans often come with limited investment choices and fees that can eat away at your balance. A rollover lets you move your money into an account with a stronger, stable return.
• Protect your money
  Unlike accounts tied to the market, some IRA options allow you to earn a higher rate without risking your principal.
• Keeps your money working for you
  Instead of leaving your funds in a low-interest account, a rollover can help your money keep pace with your goals.

What about taxes?

Rolling over your old retirement plan directly into an IRA typically won’t trigger taxes or penalties if done correctly. It’s important to follow the right process, and your credit union or financial advisor can help you complete the paperwork properly to avoid unnecessary fees.*

It doesn’t have to be complicated

Many people put off rolling over old accounts because it sounds like a hassle. In reality, it often takes just a few steps to move your funds into an IRA, and you can start taking control of your retirement savings without feeling overwhelmed.

If you’re ready to put your old retirement accounts to better use, learn more about PostCity’s IRA Share Account here and see if it’s a good fit for your rollover plans.

*Consult your tax or financial advisor to make the decision that’s right for you.