The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/cant-i-just-decide-on-the-beneficiaries-for-my-29240349.aspx

Subject:  Re: beneficiaries of IRA and 401(k) Date:  4/15/2011  9:07 AM
Author:  Rikka7 Number:  113135 of 121146

Can't I just decide on the beneficiaries for my IRA and 401(k) on my own?


For your IRA, yes.

For your 401(k), per ERISA (Federal law) the spouse is always the beneficiary unless that spouse waives that right.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us