Ken: Who would like a few extra bucks and awful with over the last 22 years would fill the more than 60,000 phone calls on our national radio show? People have said “Oh boy, it would be nice to have some extra money,” I just got it something in the mail that the something, there’s a utility deposit or IRS check or something that’s in my name and all I have to do is pay $40.00 of fund.
Daria: No, that’s not the way the calls go.
Ken: What?
Daria: The call comes in or as something arrives in a person’s mail box. We believed you maybe and they don’t tell you what it is if they told you it was a utility deposit. You go right after it.
Ken: What you’re saying is I send this money in your name.
Daria: We have found what we believe is money in your name.
Ken: Unclaimed funds.
Daria: If you pay us and generally what they do is the legitimate companies and I’m not saying these companies are all illegitimate. There is a very viable business here because a lot of us are too lazy to go looking. They generally will take a third of what they’re you have to you if they find it.
Ken: I have no problem.
Daria: The illegitimate ones want you to pay the money upfront.
Ken: Well, it is true Daria. Yes, so the answer is don’t pay up front but there is billions of dollars sitting in. We’ll talk federal in state. Federal conference, mostly IRS tax refunds. You know why people have changed their names, got married and or moved away. There are literally billions of dollars waiting for you in an on top IRS refund. You can get it by calling the IRS, going to IRS.gov and checking the list or call on 1800-829-1040 but make sure you get that change of address form in there.
Daria: Exactly. If you’re moving just as we just completed the move, one of the first things we did was to get form 8822 which alerts the IRS and if you’re on the government pensions etcetera you know Social Security, Medicare or etcetera, the only way you can let Medicare know or Social Security know for your checks about your change of address is by filing that change of address 8822 with the IRS.
Ken: You’re not going to believe this $9 billion of savings bonds. I’ve been either forgotten or lost $9 billion have never been cashed. So you may want—
Daria: And most of those are way pass their final maturity and they’re earning you a big go set.
Ken: You may want to check and now you may. If you think that you may have forgotten or lost one, you may want to check with the Bureau of Public Debt in Parkersburg, West Virginia and go online and do that also and see if in fact there’s money in the savings bonds are there in your name or family member’s name.
Daria: And now do the search and reproduce them for free.
Ken: Yeah, how about a pension? The pension money is flying around and the people—
Daria: I got one more thing that I want to say thou but it helps if you can tell them the year and preferably the month that you bought the box. Also, the other thing is for the rest of you that nowhere the bonds are, take a look at those dates and 30 years to the face of those things and if we’re beyond it when you’re going to add 30 years to like 1975, stop earning anything. Cash it in, get the money.
Ken: You go to TreasuryDirect.gov, go to savings bonds wizard. You’ve downloaded. It takes five minutes and then you put on the dates and stuff that fits it right out. The PBGC, The Pension Benefit Guarantee Corporation government agency says there’s a $113 billion and pensions cheques that have not been claimed. Excuse me, let’s go find out.
Daria: That’s scary.
Ken: Let’s go find them on it.
Daria: A $113 million.
Ken: Million, that’s right.
Daria: Million dollars and it could be some of your money. You know your company goes out of business. Closes down their retirement, their 401K or their defined benefit plan but there are still money there that has to be released to you, you’re long gone from the company and you’re messing out on your own money.
Ken: Here’s how you find it. Write this down, maybe we’ll flash it on the screen here. Search.PBGC.gov, what is that? That’s the pension search directory. See if your name is on the list and we’re all going to a long detail on how to get it if it is that goes the directions are there. Okay, that states quickly.
Daria: All right, in your state capital there is an office where money that is owed to you if they lose track of you after anywhere from three to five years.
Ken: As I’ve said utility deposits, dormant investment account, dividend payment, stuff like that.
Daria: Exactly.
Ken: People forget about.
Daria: Right, exactly.
Ken: So a lot of money there. There’s like $13 billion.
Daria: In the legal parlance, it is chic to the state and in many cases the money going back to the state goes into these unclaimed funds department and will often be paid at the rate of interest that the state is paying on this money.
Ken: Can I give a website?
Daria: You may.
Ken: Get to this one in check, what have you got to lose is free. MissingMoney.com. Well, worth tried. By the way some states not many but some states are not online and you can’t do it through the states but as well worth. If the state doesn’t come up, it’s well worth writing to them to see what happens.
Daria: I have one more.
Ken: Quickly.
Daria: One more, found on all stocks certificate up and your grandparents add it, go down the basement, never heard of the companies. Think its worthless, think again. Go to StockSearchIntl.com
Ken: Stock search international.
Daria: Yeah but it’s since a website is intl.com
Ken: Yeah.
Daria: And find out, they’ll run a search to see if that stock has value.
Ken: They’ll charge you but it may very well be worth it and if they can't find anything they won’t charge. Hey good luck, missing money, unclaimed fund.
Daria: Go get yours.
Ken: Maybe there is your name on it, maybe. I’m going to check it myself. Let’s go check, Daria.
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