Annual IRA Beneficiary Review - Ken Golliher

<a href="http://adserve.bankersonline.com/cgi-bin/advertpro/blink.fpl?region=2&slot=1" target="_top"><img src="http://adserve.bankersonline.com/cgi-bin/advertpro/bimg.fpl?region=2&slot=1&keyword=NULL" border="0"></a>


Site Map Our Sponsors Home

Compliance Gurus
Lending Gurus
Security Gurus
Marketing Gurus
Technology Gurus
eBanking Gurus

Print Friendly!

Email This Article!

<a href="http://adserve.bankersonline.com/cgi-bin/advertpro/blink.fpl?region=34&slot=1" target="_top"><img src="http://adserve.bankersonline.com/cgi-bin/advertpro/bimg.fpl?region=34&slot=1&keyword=NULL" border="0"></a>

Annual IRA Beneficiary Review
Answer by Ken Golliher, BOL Guru
Guru BIOS

Question:Are there any laws or regulations mandating an annual review of beneficiary designations for existing IRAs?

Answer: Not at the federal level. Some banks include language on the annual statement that says "Your primary beneficiary is xxxxxxxx and your contingent beneficiary is xxxxxxxxx. It's a good practice intended only to remind the participant that a beneficiary might need to be changed e.g. due to death, divorce or rudeness at the last family gathering.

First published on BankersOnline.com 2/21/05

Home | Compliance | Lending | Operations | Security | Marketing | Technology | eBanking

BOL Archives Privacy Policy Important Disclaimer Recommend This Site ! Contact Us

BankersOnline is a free service made possible by the generous support of our advertisers and sponsors. Advertisers and sponsors are not responsible for site content. Please help us keep BankersOnline FREE to all banking professionals. Support our advertisers and sponsors by clicking through to learn more about their products and services.

Click Here!