Ep 132: 5 Beneficiary Mistakes - Are You Accidentally Spoiling Your Retirement Plan?

<p class="MsoNormal" style= "border: none; mso-padding-alt: 0in 0in 0in 0in;"><span style= "font-size: 14.0pt; font-family: 'Arial',sans-serif;">Today we’re addressing five common beneficiary mistakes that, unfortunately, a lot of people make. From making errors to naming minors as beneficiaries, we’ll break down some common blunders.</span></p> <p class="MsoNormal" style= "border: none; mso-padding-alt: 0in 0in 0in 0in;"><span style= "font-size: 14.0pt; font-family: 'Arial',sans-serif;">Are you making one of these beneficiary mistakes? If so, it could cost you and your loved ones dearly. Some of the simplest mistakes can completely spoil an otherwise well-done retirement plan.</span></p> <p class="MsoNormal" style= "border: none; mso-padding-alt: 0in 0in 0in 0in;"> <strong><span style= "font-size: 14.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; color: black; border: none;"> On today’s show, here’s some of what you’ll learn:</span></strong></p> <ul> <li class="MsoNormal"><span style= "font-size: 14.0pt; font-family: 'Arial',sans-serif;">What is the risk in naming minors as beneficiaries? <strong style= "mso-bidi-font-weight: normal;"><em style= "mso-bidi-font-style: normal;">(4:18)</em></strong></span></li> <li class="MsoNormal"><span style= "font-size: 14.0pt; font-family: 'Arial',sans-serif;">Why wills and beneficiary designations need to work together. <strong style= "mso-bidi-font-weight: normal;"><em style= "mso-bidi-font-style: normal;">(7:57)</em></strong></span></li> <li class="MsoNormal"><span style= "font-size: 14.0pt; font-family: 'Arial',sans-serif;">Why you need a secondary beneficiary. <strong style= "mso-bidi-font-weight: normal;"><em style= "mso-bidi-font-style: normal;">(10:19)</em></strong></span></li> </ul> <p> </p> <p><span style="font-size: 14pt;"><strong>Contact Dave and Drue: </strong></span></p> <p class="BodyA" style="margin-bottom: 0in; mso-pagination: none;"> <span style="font-size: 14pt;">Web: <a href= "https://www.truefinancialpartners.com/"><span