Episode 154 - Importance of Designating Beneficiaries

What could happen if you don't keep your beneficiaries up to date on all of your assets?  Today we are talking about why it is important to always verify your beneificiaries when there is a life change, and periodically to have confidence when you are gone that your money goes to those you intended.Key takeaways:Regularly review and update your beneficiaries on ALL assets: bank, investment & retirement accounts, insurance productsDo you know the differences in how beneficiaries are paid out depending on the type of investment?Life events: marriage, divorce, new children and grandchildrenSome real life stories of what can go wrong