TheArstaInventor@lemmy.world to Asklemmy@lemmy.ml · 4 months agoMen in their 40s, what’s one piece of advice for men in their 20s?message-square217fedilinkarrow-up1194arrow-down16
arrow-up1188arrow-down1message-squareMen in their 40s, what’s one piece of advice for men in their 20s?TheArstaInventor@lemmy.world to Asklemmy@lemmy.ml · 4 months agomessage-square217fedilink
minus-squareTheImpressiveX@lemmy.mllinkfedilinkarrow-up8arrow-down1·4 months 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-up18·4 months agoYou can (and should) assign a beneficiary for the account. They receive the money if you die.
minus-squareAmbiguousProps@lemmy.todaylinkfedilinkEnglisharrow-up4·4 months 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.