✉news BusinessPersonal Finance first seen 11 h ago, last 59 min ago, peak #14
401(k) Beneficiary Rules Can Override Your Wishes for Kids
Original: Name Your Two Kids on a 401(k), and Federal Law Can Hand It to Your Spouse Anyway. Name the Same Two Kids on an IRA, and They Get Every Dollar
A personal finance explainer is drawing attention to a quirk in US retirement law: naming children as beneficiaries on a 401(k) does not guarantee they inherit the money, because federal law can entitle the account holder's spouse to those assets. An IRA works differently, and named children receive the funds outright. Commenters are weighing how to plan around the difference.
Why now: Retirement and estate planning surprises like spousal inheritance rights prompt people to check their own beneficiary designations.
Rank over time, top of the chart is #1. 9 snapshots from 11 h ago to 59 min ago.
Evidence
- Name Your Two Kids on a 401(k), and Federal Law Can Hand It to Your Spouse Anyway. Name the Same Two Kids on an IRA, and They Get Every Dollar · 24/7 Wall St.
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