Designating a beneficiary is an important step
Once your retirement account is set up, complete your beneficiary information. It’s easy — and you can feel confident your loved ones will receive your retirement savings, if the unexpected happens.
Be sure to update your beneficiaries as your family changes — your designation takes precedence over who’s named in your will. And check to see if you have any unclaimed retirement accounts.
In addition to choosing a beneficiary, working with an attorney to create a will is an important step in helping you and your loved ones.