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Putting your money to work for you: Reasons to review your beneficiary designations


April 11, 2017

Baby boomers have been planning and saving for retirement for decades. They are also planning their legacy – creating wills, trusts and other sophisticated estate planning strategies to transfer their wealth to the next generation.

However, most people may not realize their IRAs and qualified retirement plans – a large part of their estate – are not subject to probate nor affected by the terms of a person’s will.

These assets will pass to the next generation determined solely by the client’s beneficiary designation form. Accordingly, the beneficiary designation form...

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