Naming a Beneficiary - Understanding beneficiary designation and per capita vs per stirpes

When deciding on naming a beneficiary for your financial and retirement accounts, such as an IRA beneficiary designation, it is important to understand your options. In this video we will explore several tips relating to naming and potentially changing beneficiaries as well as things to you may want to avoid. We will help clarify the terminology around beneficiary designation and give you a better idea of who you may want to name as a primary beneficiary or a contingent beneficiary. We will also delve into distribution options and provide you with insight on what happens with a per capita beneficiary distribution as opposed to what happens when you have made a per stripes beneficiary designation.

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DISCLAIMER
**Investment advisory services offered through Foundations Investment Advisors, LLC, an SEC registered investment adviser.
All episodes recorded prior to August 16, 2023 were recorded while we were registered at a previous RIA. Neither the firm nor its agents or representatives may give legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions. The information and opinions in these videos are provided by third parties and have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by Advisors Excel. They are given for informational purposes only and are not a solicitation to buy or sell the products mentioned. The information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice to meet the particular needs of an individual's situation. 00968537 07/21