If your primary beneficiary predeceases you, your contingent beneficiary will inherit your 401(k) funds. This is vital for those with minor children, as you can designate a trusted adult or trustee to manage the funds until they reach a certain age. Consult an estate planning attorney to ensure your designations are correctly set up. #401k #ContingentBeneficiary #EstatePlanning #FinancialSecurity
Please join our e-mail list to receive my special gift - Escape the paycheck to paycheck bondage through 7 biblical principles!
