Sep 25, 2019
This week I’m sharing with you 5 beneficiary mistakes to avoid. If you’re like most people, you probably set up your beneficiaries on your IRA and 401k accounts 2 decades ago, and you haven’t revisited them since. So this week, I’m sharing with you the mistakes that I see people make most often and how you can avoid those same mistakes.
Today, I’m talking about beneficiary mistake #2 - Failing to review your beneficiaries after major life changes I’ve heard horror stories of the ex-spouse who received all the assets, while the current spouse was left with nothing, all because beneficiaries weren’t reviewed and updated after the divorce and remarriage.
There are a lot of trigger events that should prompt reviews of your beneficiaries. I actually talked about the 7 Trigger Events That Should Prompt An Estate Plan Review in episode 332 of the podcast, so check out that episode on iTunes or Spotify if you missed it, but today, I just want to cover the most important ones that should prompt a review of your benes.
That’s it for today. Before you go, please take a minute to leave an honest review for the One Minute Retirement Tip in Amazon or iTunes. Thanks for listening! My name is Ashley Micciche and this is the One Minute Retirement Tip.
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