Welcome to a new week and a new theme here on the One Minute Retirement Tip! This week, I’m talking about 5 beneficiary mistakes to avoid on your accounts. What will happen to your IRA account or that insurance policy you purchased 20 years ago. 

If you’re not careful about setting up your beneficiaries, or worse, you’ve set up your beneficiaries on your accounts all wrong, your spouse and your family could be left with some unfortunate surprises if you’ve made mistakes with the beneficiaries on your accounts. 

Mistakes made on your beneficiary forms could be costly for your loved ones, causing your assets to be split in unintended ways, or causing your heirs to pay more taxes than they need to. So this week I’m covering 5 beneficiary mistakes that I see over and over again, and now you can avoid these mistakes. 

The good news is that beneficiary mistakes are easily rectified if you discover and correct them. My goal for this week is that you better understand what you need to do to review and update your beneficiaries, and keep this top of mind when life’s events should prompt you to make changes. 

Tomorrow, we’re going to dive in with the most common beneficiary mistake that I see with my own clients. 

That’s it for today, thanks for listening. My name is Ashley Micciche...and this is the One Minute Retirement Tip. 

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