Minor Beneficiaries | How to Leave an Inheritance for Young Children

by Retirement Advisor | Dec 14, 2022 | Inherited IRA

When choosing beneficiaries for your retirement accounts, minor children cannot inherit money directly from your 401K or IRA. When something unexpected happens and you did not set these accounts up correctly, the courts will appoint someone (perhaps someone you may not have chosen) to monitor how this money is being used for your child.
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