You've spent years building your 401(k), but what happens to that money when you're no longer here? Most people don't realize that their beneficiary designation on their 401(k) or Roth 401(k) overrides their will, making it critical to keep it updated! In this episode, we explore how your retirement savings pass to your designated heirs outside of probate, and why it's essential to name both primary and contingent beneficiaries to prevent your assets from getting tied up in a lengthy, public legal process. Learn why an up-to-date beneficiary list is one of the most important steps you can take to protect your legacy and ease the burden on your loved ones.

Reference: https://www.fidelity.com/learning-center/smart-money/what-happens-to-401k-when-you-die

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