Comments on: Name Your IRA Beneficiary

By: retirehappy

retirehappy — Tue, 30 Jan 2007 21:29:42 +0000

From what I understand, the automatic beneficiary is the beneficiary named if you don’t name one yourself and typically the spouse is thus named a beneficiary. However, if you specify a beneficiary and it isn’t your spouse, I believe that there is no provision that states you must put your spouse as your beneficiary.

By: Joe

Joe — Tue, 30 Jan 2007 18:10:03 +0000

I am in the middle of a divorce but still want to invest in retirement. I have been told that with 401K accounts that tyhe spouse is automatically the beneficiary. Is it possible to place retirement funds in some other fund where the spouse is NOT the beneficiary, such as an IRA or Roth? Thanks!

By: thc

thc — Wed, 03 Jan 2007 02:37:37 +0000

IRA rules are very complex and you make some excellent points. However, the number one reason to name a beneficiary for your IRA is so it won’t have to be probated upon your death. Without a designated beneficiary you have no control over where your money goes.

By: The Carnival of Personal Finance #81 is up up and away!

The Carnival of Personal Finance #81 is up up and away! — Tue, 02 Jan 2007 05:47:09 +0000

[...] Some other articles I found to be of great interest in this Carnival were Planning and Goal Setting Week: Share Your Goals from Consumerism Commentary, Name Your IRA Beneficiary from My Retirement Blog, Questions to ask your prospective employer in an interview from My Financial Journey and Investing – Mutual Funds – The Economic Cycle of Sectors from FIRE Finance. [...]

By: fivecentnickel.com

fivecentnickel.com — Mon, 01 Jan 2007 02:05:34 +0000

Weekly Roundup – 12/29/06…

Here’s a quick look at some of the articles that caught my eye over the past week:
Jim wants to know if your retirement investing strategy is tax efficient.
MBH applies lessons learned from crocheting to his investing life.
FMF has a tip for savi…