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Liz Weston: Does my 401(k) have same drawback as payable-on-death bank accounts?
Liz Weston: Does my 401(k) have same drawback as payable-on-death bank accounts?
Liz Weston: Does my 401(k) have same drawback as payable-on-death bank accounts?

Published on: 02/01/2025

This news was posted by Oregon Today News

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Aren’t all 401(k)s payable on death? I’m often reminded to update my beneficiary info whenever I log into my account. Getty Images

Dear Liz: You recently wrote about the drawbacks of payable on death accounts, including that the funds go directly to the beneficiaries before the estate’s expenses are paid.

News Source : https://www.oregonlive.com/business/2025/02/liz-weston-does-my-401k-have-same-drawback-as-payable-on-death-bank-accounts.html

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