2007-09-24 04:08:41 · 6 answers · asked by rache0116 3 in Business & Finance ➔ Personal Finance
whoever u want to leave your money to
2007-09-24 04:13:54 · answer #1 · answered by Anonymous · 0⤊ 1⤋
a beneficiary for your 401(k) is who you want to get the money if you die.
So you can put your spouse as primary beneficiary. In the event that you both die at the same time, you can put secondary beneficiaries.
2007-09-24 04:13:22 · answer #2 · answered by dan 4 · 0⤊ 0⤋
Hope this doesn't sound flippant...the designated beneficiary is anyone you designate. It does not have to be your spouse; it could be your child, your sister, your mother, anyone. It is who the money goes to if you die, just like insurance.
2007-09-24 04:14:09 · answer #3 · answered by claudiacake 7 · 0⤊ 0⤋
Spouse, in case you die with money in the account. It could be someone else you would leave the money to. I have my niece and nephew 50% each since I don't have a spouse or children.
2007-09-24 04:13:01 · answer #4 · answered by shipwreck 7 · 0⤊ 0⤋
The designated benificiary is whoever you choose. If something were to happen to you and you died, they would get your money. It most likely should be your spouse, but it doesn't have to be. You can make it your brother, your sister, your mom, or even your neighbor. It's totally up to you.
2007-09-24 04:14:18 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Dan is right, but I would really like it if you put me down as primary and secondary.
2007-09-24 04:14:46 · answer #6 · answered by Anonymous · 0⤊ 0⤋