Every once in a while, instead of my usual weekly article, I’ll share a collection of articles that I found interesting.
Maybe you’ll find one or more of them interesting, too.
So let’s get started, shall we?
I have a client whose Mom passed away recently, and she asked for my input on the distribution of her Mom’s IRA. It turns out her Mom had named her estate as the primary beneficiary of her IRA, and this is something I advise against doing. In most cases, it is far better to name a specific person (or persons) as beneficiary for your 401k, IRA and other retirement accounts. For more on why this important, read this.