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These are your options if you’ve inherited a 401(k) account. ... If listed as a contingent beneficiary, you would inherit the 401(k) if the primary beneficiary has passed away or cannot be located.
You might not be able to spend all the money in your 401(k) plan before you die. If that happens, your retirement savings will pass to the person you name as the beneficiary of the account. The ...
With Social Security in crisis and workers struggling to build up any sort of nest egg for their retirement years, you might figure that the odds of anyone having money left in their retirement ...
Beneficiaries can extend the tax advantages of retirement accounts by inheriting and stretching distributions over their lifetimes. Almost any person or legal entity can be named as a beneficiary.
Some financial products allow you to assign two types of beneficiary designations: primary and contingent. As the name suggests, your primary beneficiary has priority in your list of beneficiaries ...
An important part of estate planning is deciding who will get your assets when you pass away. This means naming primary and contingent beneficiaries on important accounts such as your life ...
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