What Happens to 401k When You Die?
When thinking about what happens to 401k when you die, it's important to know that your 401k typically passes to the beneficiary you've designated. If no beneficiary is named, it may go to your estate, which could delay distribution. Beneficiaries usually have options such as withdrawing the funds or rolling them into another retirement account, but tax implications vary depending on the choice they make.
10-Oct-2024 03:45 pm
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