@TheArstaInventor to [email protected] • 7 months agoMen in their 40s, what’s one piece of advice for men in their 20s?message-square213arrow-up1192arrow-down16
arrow-up1186arrow-down1message-squareMen in their 40s, what’s one piece of advice for men in their 20s?@TheArstaInventor to [email protected] • 7 months agomessage-square213
minus-square@[email protected]linkfedilink6•7 months agoQuestion: If I had money saved in a 401k or Roth IRA, what if I died before I retired? What would happen to the money? Would it go back to the government or to a close relative?
minus-squarekersplooshlinkfedilink16•7 months agoYou can (and should) assign a beneficiary for the account. They receive the money if you die.
minus-squareAmbiguousPropslinkfedilinkEnglish4•7 months agoYou declare your beneficiaries when signing up - it goes to them, I believe.
Question: If I had money saved in a 401k or Roth IRA, what if I died before I retired? What would happen to the money? Would it go back to the government or to a close relative?
You can (and should) assign a beneficiary for the account. They receive the money if you die.
You declare your beneficiaries when signing up - it goes to them, I believe.