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Section 11

Poor Survivor or Beneficiary Planning

While investing and accumulating assets is imperative in
planning for comfortable and enjoyable retirement years, it’s

also critical to make sure that you have plans in place to take
care of surviving loved ones when you pass away. Let’s discuss

a few issues about survivors and beneficiaries that are relevant
to retirement planning.

Loss of Income for a Surviving Spouse or

Other Beneficiary

Imagine that something happens to you or your spouse, and

one of you is no longer here. You, your spouse, or other family
members may lose a significant portion of the income that is

payable exclusively to that person. The income that may be lost
includes:

► Employer pension plan

► Social Security payments for the deceased person

► Part-time work income

Chapter 5: Things That Can Wreck Your Retirement