​​Beneficiaries – MemberMinds Video

Proper designation and regular review of your retirement account beneficiaries are essential to ensuring that what remains in your accounts after you pass on goes exactly where you want. All too often, improper designation or failure to update account beneficiaries leads to unnecessary delays, taxes, legal battles or the money simply not going where it was intended. Angel Sugleris, Assistant Vice President of Human Resources at PlanMember, and host Tom Nugent discuss the importance of beneficiary designation. Additionally, they cover:

• State regulation for spousal beneficiary designation
• Naming a trust or a will as a beneficiary
• The importance of reviewing your beneficiary designations