A Traditional IRA may be
considered unclaimed if a withdrawal is not made by age 70˝; the age
at which non-withdrawal triggers a 50% tax penalty. Both Traditional
and Roth IRAs may be considered abandoned if one or more distribution
checks remain uncashed, which can occur when the owner reaches age
59˝ or before, if early distributions are taken.
Due to the long term nature of this type of investment, each year large numbers of owners and heirs – who may not be aware of a deceased family member’s IRA or rollover 401k – fail to claim accounts to which they’re entitled.
If you have reason to believe you are entitled to claim a missing IRA, either as the original owner or rightful heir, but have had no contact with the holder and have not received payment, complete the form below: