@TheArstaInventor@lemmy.world to Asklemmy@lemmy.ml • 2 months agoMen in their 40s, what’s one piece of advice for men in their 20s?message-square216fedilinkarrow-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@lemmy.ml • 2 months agomessage-square216fedilink
minus-square@TheImpressiveX@lemmy.mllinkfedilink7•2 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-squarekersplooshlinkfedilink18•2 months agoYou can (and should) assign a beneficiary for the account. They receive the money if you die.
minus-squareAmbiguousPropslinkEnglish4•2 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.