The typical American will have worked at seven employers over the course of their careers, accruing all sorts of experience but often leaving behind something hard to replace: their retirement savings accounts.
It's a big problem: Whether it's inertia, neglect or simple forgetfulness, 15 million orphaned 401(k) accounts representing more than $1 trillion in investment dollars littered the financial landscape in 2010.
“If you let enough time go by, you give up gains or incur losses because you didn’t allocate your money properly,” Henderson said. “A lot of people use the default investment options, which is usually a money market fund, and they just never make changes to it. “
Henderson, for one, recommends consolidating those accounts because he believes people will look at their money more often if it is in one place.