were to find info on a Roth IRA started two years ago

[Guest jaubo]

Help I started a Roth IRA about two years ago when filing my taxes and then forgot about it. Is it still out there? If so where can I find out info on it ?

[John G]

I would assume that you still have some paperwork or the transactions, or know the name of the custodian. If you don't recall who you used, you probably can narrow the possible custodians to places where you normally would do business. At year end, most custodians send out a statement that indicates the value of the account, you might find it with the 1099s. You can call and make an inquiry based upon your SSN.

It would be somewhat unusual for an account to go dormant in two years, but if so you can track down the funds via the website associated with the state where you opened the account. Search under "lost funds", "escheat" or "dormant accounts". Your local banker or legislator will often know the website address. You can recover dormant assets by following the proceedures your state has set out.

RECOMMENDATION: Start a file folder to cover actions for IRAs, Roths, 401ks, 403Bs, etc. Put a copy of all correspondence and deposit receipts. This folder should include date the account was opened, the account number, address and phone number of the custodian, business card of the person who assisted you, the designated beneficiaries and a running list of "actions" (contributions, year end balances). Keep this with your tax records - such as 1099 statements, copies of tax returns, letters from IRS, etc.

I encourage folks to "set it and forget it" when it comes to initial IRA/Roth investments... to avoid watching the individual day action and focus on the long term. But.... ya' got to remember you have the account!