Managing Your Retirement Plan – A Commonly Forgotten Element
byx Efin Advisor | July 8, 2008
Many people are concerned with their employee benefits and their estate plans separately, but neglect to consider the two together.
That can cause problems, especially when it comes to managing financial affairs after the untimely death of a spouse. For the most part, who receives certain employee benefits after someone has passed away is determined by a form filled out at the beginning of your time working for a company.
“This means that you need to think carefully about who that should be when you fill out the form and it’s vital you fill out a new one as soon as you want someone new to receive the assets,” says Stuart Ritter, a certified financial planner with T. Rowe Price (TROW) in Baltimore. Read more about proper retirement planning
