What Happens to 401k When You Die?
When discussing what happens to 401k when you die, remember that your 401k typically goes to the beneficiary you’ve designated. If you haven’t named a beneficiary, the funds may pass to your estate, causing distribution delays. Beneficiaries usually have options like withdrawing the funds or rolling them into another retirement account, but it’s essential to understand the tax implications of their decisions.
10-Oct-2024 03:50 pm
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