Beneficiary Designation
Planning & BudgetingThe named recipients of your retirement accounts, life insurance, and financial accounts — overrides your will.
Example
Example: For someone earning $60,000/year trying to build a solid financial plan, understanding beneficiary designation is a key piece of the puzzle. Applied to a monthly budget, this concept could help you save an extra $200-$500/month. Build your plan with our 50/30/20 budget calculator.