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IRA Essentials: How to Name Your Beneficiaries the Right Way
Today we’re diving into a topic that might seem simple but is so important: naming beneficiaries for your IRA.
Now, you might be thinking, “I’ve already named someone on my form—done and dusted, right?” Well, not exactly. Missteps here can have major consequences for your loved ones and your hard-earned savings. In fact, I’ll share a quick story: a man passed away, and despite his will stating everything should go to his kids, his ex-wife—still listed as his IRA beneficiary—ended up inheriting the entire account. Yikes!
So today, we’ll cover everything you should know to get this right.
WealthGrow - By Wharton Investment Consultants 5010 Canby Drive, Wilmington DE 19808 Tel: 302-239-2111
Securities and advisory services offered through Registered Representatives of Cetera Advisor Networks LLC (doing insurance business in CA as CFGAN Insurance Agency LLC), member FINRA, SIPC, a broker/dealer and a Registered Investment Advisor Cetera is under separate ownership from any other named entity.
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By Wharton Investment ConsultantsToday we’re diving into a topic that might seem simple but is so important: naming beneficiaries for your IRA.
Now, you might be thinking, “I’ve already named someone on my form—done and dusted, right?” Well, not exactly. Missteps here can have major consequences for your loved ones and your hard-earned savings. In fact, I’ll share a quick story: a man passed away, and despite his will stating everything should go to his kids, his ex-wife—still listed as his IRA beneficiary—ended up inheriting the entire account. Yikes!
So today, we’ll cover everything you should know to get this right.
WealthGrow - By Wharton Investment Consultants 5010 Canby Drive, Wilmington DE 19808 Tel: 302-239-2111
Securities and advisory services offered through Registered Representatives of Cetera Advisor Networks LLC (doing insurance business in CA as CFGAN Insurance Agency LLC), member FINRA, SIPC, a broker/dealer and a Registered Investment Advisor Cetera is under separate ownership from any other named entity.