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226 Don’t Make Me Say I Told You So

d) Death of an existing beneficiary.

e) Children coming of legal age.

► Naming only a primary beneficiary – If you have an

IRA rollover or 401(k) account, you probably have listed
your spouse as the beneficiary. If you and your spouse

both meet your demise on the same day, and there’s no
contingent beneficiary listed, the courts will decide who

is entitled to the money.

These are just a few of the issues that can destroy a well-

planned retirement. The good news is that, with a little planning,
they can be avoided.

Chapter 5: Things That Can Wreck Your Retirement