Are Your IRA Beneficiaries Set Up Correctly?

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Don’t Let a Simple Mistake Derail Your Legacy

When you’re in your 50s to 60s, your financial life often becomes more complex, juggling retirement planning, helping aging parents, supporting adult children, or managing your own investments. Planning for multiple beneficiaries may not make it to the top of your financial planning list.

One area that’s easy to overlook but incredibly important is beneficiary planning for your retirement accounts. Whether you want your spouse to inherit everything or you plan to divide your IRA among children, grandchildren, or even a charity, making the right decisions and documenting them correctly is essential.

Why does Multiple Beneficiary Planning matter?
Incorrect or incomplete beneficiary designations can result in unnecessary taxes, costly delays, or even legal disputes. The good news? You can protect your legacy by making smart decisions now.

Download our free guide below: “Planning for Multiple Beneficiaries in 5 Easy Steps”
It walks you through key deadlines, rules for designated vs. non-designated beneficiaries, how to avoid common mistakes, and how to maximize the tax benefits your loved ones could receive.

Key Insights for Multiple Beneficiary Planning:

  • Know the deadline for setting up separate inherited IRAs for each beneficiary.
  • Why naming a charity or estate might reduce your heirs’ payout options
  • How to help your heirs with the 10-year payout rule
  • What happens if you don’t split the account by the imposed deadline

Financial Success Doesn’t Happen By Chance — Choose RFG Wealth Advisory for your Financial Future.

Need help reviewing or updating your beneficiary designations?
Contact one of our advisors with RFG Wealth Advisory in Argyle, Texas, at 940-464-4104. We specialize in helping individuals and families build clear, confident financial plans. As a fee-only fiduciary firm, we always put your interests first and have a simple, transparent fee structure that’s easy to understand. You can book a virtual consultation online here.

Let’s make sure your legacy lands exactly where you want it to. Call us today.

 FREE DOWNLOAD 

Planning for Multiple Beneficiaries in 5 Easy Steps

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“These materials have been independently produced by RFG Wealth Advisory. RFG Wealth Advisory is independent of, and has no affiliation with, Charles Schwab & Co., Inc. or any of its affiliates (“Schwab”). Schwab is a registered broker-dealer and member SIPC. Schwab has not created, supplied, licensed, endorsed, or otherwise sanctioned these materials nor has Schwab independently verified any of the information in them. RFG Wealth Advisory provides you with investment advice, while Schwab maintains custody of your assets in a brokerage account and will effect transactions for your account on our instruction.”

RFG Wealth Advisory is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC). Registration does not imply a certain level of skill or training, nor is it an endorsement by the SEC or other regulators. RFG Wealth Advisory only provides investment advisory services in jurisdictions where it is registered or qualifies for an exemption. This website is for informational purposes only and does not constitute legal, tax, or accounting advice. For more information, see our Form ADV and Form CRS, available at the bottom of this page.

Investment advice offered through RFG Wealth Advisory, a registered Investment advisor. FINRA/SIPC.

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