Remove 401K Remove Contest Remove Grandchildren Remove Sister
article thumbnail

What Can Go Wrong – Naming a Beneficiary

Prairie Eco-Thrifter

Being the smart person you are, you you sign up for a 401K with company matching and do the right thing by starting to pump as much into it as possible. Since you are single, you make your Mom and Dad or your brother or sister your beneficiary. Spouse contests the distributions. What can go wrong after you die.