TheArstaInventor@lemmy.world to Asklemmy · 1 month agoMen in their 40s, what’s one piece of advice for men in their 20s?message-squaremessage-square215fedilinkarrow-up1199arrow-down16
arrow-up1193arrow-down1message-squareMen in their 40s, what’s one piece of advice for men in their 20s?TheArstaInventor@lemmy.world to Asklemmy · 1 month agomessage-square215fedilink
minus-squareTheImpressiveXlinkfedilinkarrow-up8arrow-down1·1 month agoQuestion: If I had money saved in a 401k or Roth IRA, what if I died before I retired? What would happen to the money? Would it go back to the government or to a close relative?
minus-squarekersploosh@sh.itjust.workslinkfedilinkarrow-up18·1 month agoYou can (and should) assign a beneficiary for the account. They receive the money if you die.
minus-squareAmbiguousProps@lemmy.todaylinkfedilinkEnglisharrow-up4·1 month agoYou declare your beneficiaries when signing up - it goes to them, I believe.
Question: If I had money saved in a 401k or Roth IRA, what if I died before I retired? What would happen to the money? Would it go back to the government or to a close relative?
You can (and should) assign a beneficiary for the account. They receive the money if you die.
You declare your beneficiaries when signing up - it goes to them, I believe.