Financial Planning, Wealth & Tax Advisory

Spouse as Beneficiary of Traditional IRA or Retirement Plan

Naming a beneficiary for your traditional IRA or employer-sponsored retirement plan may be one of the most important financial decisions you ever make. The beneficiary (or beneficiaries) you name will receive the funds remaining in your IRA or plan after you die, so you should certainly consider your loved ones’ future needs. However, choosing the right beneficiary can be a complicated decision with many influencing factors. Your choice could have an impact in one or more of the following areas: