Many people are unaware that the beneficiary designations defined in a will do not apply to retirement accounts. Instead, all retirement accounts – including IRAs, as well as employer-sponsored retirement accounts like 401(k)s and 403(b)s – have their own beneficiary designation forms.<\/p>\n
Not properly completing a beneficiary designation form, or not keeping your beneficiary designations current, could potentially cost your loved ones thousands of dollars in lost assets on your death.<\/p>\n
In a recent Wall Street Journal blog past, columnist Jason Zweig shares a few horror stories and also provides some useful tips to avoid potential pitfalls. You can read the entire April 4th, 2014 post here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Many people are unaware that the beneficiary designations defined in a will do not apply to retirement accounts. Instead, all retirement accounts – including IRAs, as well as employer-sponsored retirement accounts like 401(k)s and 403(b)s – have their own beneficiary designation forms. Not properly completing a beneficiary designation form, or not keeping your beneficiary designations […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_mi_skip_tracking":false,"footnotes":""},"categories":[5,7,9,11],"tags":[13,59,107,119],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/posts\/1321"}],"collection":[{"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/comments?post=1321"}],"version-history":[{"count":0,"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/posts\/1321\/revisions"}],"wp:attachment":[{"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/media?parent=1321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/categories?post=1321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/tags?post=1321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}