IRA Beneficiary Designations – Who's Inheriting My IRA?
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IRA beneficiary designations specify who should receive your retirement account funds if you are to pass away. But there’s much more to it than that. Despite the importance of naming IRA beneficiaries, it is often at the bottom of the investment and financial planning to-do list.
IRA beneficiary designations are of major importance for a well designed retirement plan and should not be neglected. As our lives change, we need to be diligent in making sure our records are up to date and reflect our current goals and objectives. Failing to do so may result in major problems that could negatively impact relationships with family members. If you are serious about investing and saving for retirement, you need to get serious about IRA beneficiary designations.
⚠ Please don’t take this video as specific advice for your specific situation. Consult your own tax, legal and investment advisors. 👍
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Do Bank Savings Accounts Have Beneficiaries, IRA Beneficiary Designations – Who's Inheriting My IRA?.
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