ERISA

Why You Need to Review Beneficiary Designations Post-Divorce

Everyone should periodically review and update beneficiary designations on insurance policies, bank accounts, and retirement plans. But due to federal employee-benefit laws, divorced individuals need to be even more diligent about this, especially with respect to employer-sponsored plans. By being active in your estate planning, you can make sure that your hard work transfers to your intended beneficiaries according to your wishes.

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IRS Gives the O.K. to Offer Lump-Sum Pension Buyouts

Employers and retirees should check with their trusted advisors to determine whether a lump-sum pension buyout would be advantageous.

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