Check the background of this firm on FINRA Broker Check.

Ep 42: 5 Beneficiary Mistakes- Are You Accidentally Spoiling Your Retirement Plan?

In this episode, we’ll address five, unfortunately, common beneficiary mistakes. Are you making one of these beneficiary mistakes? If so, it could cost you and your loved ones dearly.

Some of the simplest mistakes can completely spoil an otherwise well-done retirement plan.

In this episode, we’ll share:

  • Under the law, if you name minors as beneficiaries, they can’t receive every benefit until they’re 18 or older. (2:26)
  • The beneficiary designation automatically overrides your will, so it’s important to ensure the two documents work together. (4:35)
  • It’s important to designate contingent beneficiaries. (7:41)

If you’re ready to start putting off your financial planning, we make it easy to set up a time to meet and have that first appointment. Visit our online calendar here to begin.


Apple PodcastsSpotifyGoogle PodcastsAmazon MusicStitcheriHeartRadioTuneInRSS

Submit a Comment

Your email address will not be published. Required fields are marked *