Double Checking Your Beneficiaries

When was the last time you checked your beneficiary designations?  If it’s been a while, take a few minutes to review your life insurance policies and investment accounts like workplace retirement plans and brokerage accounts.  That’s one of the 38 financial fixes highlighted by Kiplinger’s Personal Finance magazine.

When I double-checked our life insurance policies I was dismayed to discover that we did not have secondary beneficiaries listed.  When we had a revocable living trust drafted all the way back in 2004, we should have listed the trust as our secondary beneficiary.  I’m on it!

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