I recently reviewed my company retirement plan and was surprised to find that my beneficiary was someone who my ex-spouse. I’m not sure who to designate as beneficiary now?
This is a common issue; one that needs to be reviewed periodically. Some company plans require that spouses be beneficiary of company retirement plans. There are times that you might want to designate children, or your estate as beneficiary of retirement plans. A financial planner can help you determine the beneficiary designation that most fits your individual situation. The proper beneficiary designation will allow your assets to pass as you intended.