Remember to Regularly Review Your Account Beneficiaries
It makes good financial sense to routinely check & update your America First beneficiaries. You designate who will receive your resources and it’s important to ensure your payable-on-death and individual retirement account (IRA) information is correct.
Many life changes can affect who you want to benefit from your accounts. If you’re newly married, had a child, been divorced or experienced the loss of immediate family member, it’s important to review these individuals.
Payable-on-death designees have rights to funds after all account owners and joint owners have passed. For IRAs, both primary and contingent beneficiaries may be added with corresponding percentages.