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.
For help with beneficiary designations or if you have questions, please contact us or stop by your local branch.
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