You Not Updating Beneficiaries May Haunt Your Heirs
Investopedia outlines the many reasons it is so important to update the beneficiaries on your retirement accounts. Whether you update your beneficiaries right after a major life change or go over this information periodically with a Fee-Only financial advisor, this is not something you want to ignore.
You may already know that you need to check to see who your beneficiaries are if you divorce, remarry, or have a child and that if you don’t designate someone, the courts will decide. But have those of you leaving money to charity checked periodically to make sure the charity is still …
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