At some point in your life you have done all of the following; started a new job, applied for life insurance, or opened a brokerage or bank account. In each event, forms required you to name a primary and contingent beneficiary. You had to provide your account...
Individual company 401(k) retirement plan participants have had to deal with radical changes in the structure of the American family over the last few years. Moms and Dads don’t get married forever. Some get married again and bring their previous children with them to...
You probably set up your Minnesota company 401(k) retirement plan account many years ago. By law, you had to also complete a beneficiary designation form. You set up a primary beneficiary. This person receives your company 401(k) retirement plan account balance if you...
Each spring I remind my clients. This year, I wanted to provide this same information to readers of this blog space. Now is a good time to make sure that you have updated your beneficiaries. Your beneficiaries are the people in your life who are eligible to receive...
All Minnesota Individual company 401(k) retirement plan participants have had to deal with radical changes in the structure of the American family over the last few years. Moms and Dads don’t get married forever. Some get married again and bring their previous...
