Who Is the Beneficiary of Your Account?
- Topics:
- Retirement
- Tags:
- Beneficiary,
- Investopedia
- Source:
- Investopedia
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Overview: Has one checked one's beneficiary designation for his retirement account recently? If not, one may find that the designated beneficiary is not who or what one think it should be, especially if one has divorced, remarried or had children since one's retirement plan account was established. If a long time ago one named a charity as beneficiary, the charity may no longer exist. While many of them ensure that other important documents such as wills are updated on a frequent basis, one tends to neglect the retirement-account beneficiary designations.
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Format: HTML | Date: Mar 2003 | Pages: 3
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