Beneficiaries: Why They Matter in Your Financial Plan

Beneficiary designations are often overlooked, but they can be an important part of a complete financial strategy. Retirement accounts, life insurance policies, bank accounts, and investment accounts may allow you to name beneficiaries directly.

In this video, we discuss why beneficiary planning matters, what could happen if designations are outdated, and why it may be wise to review them after major life events such as marriage, divorce, births, deaths, or retirement.

Consult with a financial or legal professional before making estate or beneficiary planning decisions.