Retirement & Financial Planning Report

Here’s an unintended result waiting to happen to folks who otherwise have all the bases covered with a solid financial plan that includes a thoughtful and properly executed will: Your IRA money may not go where you think it will go. Although in your will you designated your IRA money to go to your son and daughter after you’re gone, it will go to whomever is on the beneficiary form you filled out when you opened that IRA account, no matter what you last will and testament says. That might not be your son and daughter. So, be sure to check that document while you do your financial planning.