@TheArstaInventor@lemmy.world to Asklemmy@lemmy.ml • 4 months agoMen in their 40s, what’s one piece of advice for men in their 20s?message-square216fedilinkarrow-up1199arrow-down16starcopymore-verticalflagCreate ReportslashBlock user
arrow-up1193arrow-down1message-squareMen in their 40s, what’s one piece of advice for men in their 20s?@TheArstaInventor@lemmy.world to Asklemmy@lemmy.ml • 4 months agomessage-square216fedilinkstarcopymore-verticalflagCreate ReportslashBlock user
minus-square@TheImpressiveX@lemmy.mllinkfedilink7•4 months agoQuestion: If I had money saved in a 401k or Roth IRA, what if I died before I retired? What would happen to the money? Would it go back to the government or to a close relative? arrow-up18arrow-down11file-textreply1starmore-verticalmailMessageflagCreate ReportslashBlock user
minus-squarekersplooshlinkfedilink18•4 months agoYou can (and should) assign a beneficiary for the account. They receive the money if you die. arrow-up118arrow-down10file-textreply1starmore-verticalmailMessageflagCreate ReportslashBlock user
minus-squareAmbiguousPropslinkfedilinkEnglish4•4 months agoYou declare your beneficiaries when signing up - it goes to them, I believe. arrow-up14arrow-down10file-textreply1starmore-verticalmailMessageflagCreate ReportslashBlock user
Question: If I had money saved in a 401k or Roth IRA, what if I died before I retired? What would happen to the money? Would it go back to the government or to a close relative?
You can (and should) assign a beneficiary for the account. They receive the money if you die.
You declare your beneficiaries when signing up - it goes to them, I believe.