With 2009 underway, a good New Year’s Resolution would be to make sure you have named the right beneficiaries on the plans listed below:
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Pension plan accounts
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401(k), 403(b) or 457 plan accounts
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Individual retirement accounts (IRAs)
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Life insurance policies
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Annuities
In fact, every few years or when you have experienced a major life change (been divorced or had a new child for example), you would be well served to review your beneficiaries and update them if necessary. In doing so, make sure that your designations are properly coordinated with your Will and Trust.
