beneficiary

What Happens When Your Beneficiary Dies? - June 2023 Newsletter

What happens if your designated beneficiary dies and there is still a balance in your retirement plan account to be paid out after your death? It depends on several factors, including the type of retirement account (e.g., IRA or qualified plan), the provisions of the plan, and applicable laws in your jurisdiction. It’s important to consult with a knowledgeable professional who can provide personalized guidance based on your circumstances.