What we discovered about how these men and women built their wealth will surprise you. Chris Hogan shares the 10 biggest myths the study revealed in his national bestselling book Everyday Millionaires. IRAs, 401(k)s & Other Retirement Plans helps you make sense of the rules that govern distributions from retirement plans, and avoid the stiff penalties that lurk in the fine print. This resource covers the basics of personal finance--investments, 401(k)s, IRAs, stocks and bonds, and estate planning--and answers questions targeted to specific times and events in one's life and different lifestyles. Found inside – Page 50Upon your death, the TOD beneficiary automatically acquires ownership of your ... Naming Your Spouse as Beneficiary Many people name their spouse as the ... Found inside – Page 137marital deductions for property totally controlled by one spouse. ... when they are divorced, that beneficiary designation is revoked automatically. Helps those nearing retirement make the best decisions about their Social Security benefits by detailing techniques and options like “file and suspend” and “start stop start” to maximize their benefit income for a variety of ... Offers advice on how to wisely invest in individual retirement accounts and 401(k)s. Found insideBy law, your spouse automatically receives your 401(k) benefit when you die, regardless of whom you named as your beneficiary, unless your spouse signs a ... Found inside – Page 62If you are married, it does not matter who you have listed as your beneficiary when you die. Your spouse will automatically receive the money, ... Found inside – Page 177In a 401(k) plan, your spouse is automatically named as your primary beneficiary; however, if you are married under the common law or you are a member of an ... Have you been putting off planning your estate because you don't know where to start? This simple-yet-comprehensive guide provides everything you need to know (in plain English) to secure your future-and your family's. Found inside – Page 19Although a will naming a spouse as beneficiary automatically becomes void (as it pertains to the spouse) when he or she becomes an "ex," the same is not ... Found inside – Page 256For example, when a spouse has funds in a 401 (k) plan and that spouse dies, the beneficiary is automatically the surviving spouse — unless he or she waives ... A plain-English guide to a stressful topic, with examples from the estate plans of Paul Newman, Jacqueline Kennedy Onassis, Michael Jackson and others. “To-Do Lists” after each chapter leave no excuses for procrastinators. Luckily, America’s #1 retirement expert, Bob Carlson, editor of the popular Retirement Watch newsletter and website, is here to help with an easy-to-follow guide to getting the most out of your Social Security benefits. Found inside – Page 443For example, under federal law, divorce does not automatically cancel the rights of an ex-spouse who had been named as beneficiary of a 401(k) or another ... Jane Bryant Quinn answers more questions more completely than any other personal-finance author on the market today. You'll reach for this book again and again as your life changes and new financial decisions arise. Found inside – Page 164Spouse Alert! If your spouse dies while holding an employee 401(k) or similar plan, you inherit the money automatically. That is, unless you specifically ... Found insideIn a 401(k) plan, your spouse is automatically named as your primary beneficiary; however, if you are married under the common law or you are a member of an ... It will assist you in helping people apply for, establish eligibility for, & continue to receive SSI benefits for as long as they remain eligible. This publication can also be used as a training manual & as a reference tool. Found insideThe Arizona Estate Administration Answer Book is your best resource for understanding practical issues that commonly arise when responding to the death of an Arizona resident or property owner. In addition to practical advice and illuminating case studies, this book includes answers to uncomfortable but often unavoidable real-world questions"--Back cover. Found insideIfyour spouse is younger than you, don't assume that your kids will ever see ... retirement accounts on which they're listed as contingent beneficiaries. Found insideSPOUSES AND OTHER BENEFICIARIES In most 401 (k) plans and other defined ... to receive benefits, the surviving spouse will automatically receive them. Found inside – Page 157Definition of Designated Beneficiary A designated beneficiary must be a ... plans or IRAs automatically revoke the designation of a spouse as beneficiary if ... Found inside – Page 79Before you name any beneficiaries you need to understand that by law your spouse automatically receives your 401 ( k ) benefit when you die , regardless of whom you have named as your beneficiary . This is the case unless your spouse ... Offers practical tips on estate planning, featuring a chapter on Medicaid and sharing vital information on how to save heirs the cost and delay of probate Stereotype retirement based on Social Security and employer pensions is out; making ends meet on your own is in. Better get yourself ready--and you can do so by reading this book. Found insideDon't Rely on Your Divorce Decree If your former spouse's name is still on a beneficiary designation form for any kind of retirement benefit, ... Here, Carrie will not only answer all the questions that keep you up at night, she’ll provide answers to many questions you haven’t considered but should. Found inside – Page 226401(k) plans have rules that protect the spouse as a beneficiary. If the married worker chooses to take distributions as an annuity, the spouse is protected ... Found inside – Page 249A sole spouse beneficiary can also elect to treat the inherited Roth IRA as his ... 31 of that year, the spouse automatically becomes owner of the Roth IRA. The Price You Pay for College gives parents the clarity they need to make informed choices and helps restore the joy and wonder the college experience is supposed to represent. Ed Slott's 2013 Retirement Decisions Guide details the step-by-step strategies needed to build and protect a family fortune. Make it easy for your family to track down and organize your important paperwork with this step-by-step guide! Found inside – Page 286In many states, divorce automatically revokes a beneficiary designation made to a former spouse, which means that the ex-spouse is out of luck. Author, army veteran, and Certified Financial Planner(TM) Jeff Rose modeled this financial survival guide on the Soldier’s Handbook that is issued to all new US Army recruits. Found inside – Page 190Some solo 401(k) plans also include automatic spouse protection, but check. ... beneficiary form that he or she signed, to see where the money will go. Helps you understand your employer's retirement savings plan, know what information you should review periodically and where to go for help with questions. Your important paperwork with this step-by-step guide protect a family fortune, you the! Get yourself ready -- and you can do so by reading this book n't where., that beneficiary designation is revoked automatically stereotype retirement based on Social and., that beneficiary designation is revoked automatically can do so by reading this book and... Employer pensions is out ; making ends meet on your own is in ends meet on your own in! 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