The Dayton Law Firm, P.C.
408-437-7570

Retirement Account Planning

If you haven't received a letter or email from the company in control of your retirement account and/or 401(k) account, you may soon. John Oliver's HBO show (Last Week Tonight with John Oliver) did a recent spotlight on fees related to managers of retirement accounts, resulting in follow-up articles from other media sources like TIME, Forbes, and CNBC. Many in the industry have been quick to respond with updated fee disclosures and policies, hopefully leading to people getting in contact with their company to review their policy agreements and updating their accounts.

As you wander into the local branch or log back into your retirement accounts to check how your policy is charging you, remember to keep your "Designated Beneficiary" sections filled out. This is a quick task that should be available for you through your retirement account company's branch or website. Leaving your account without a beneficiary means it gets left in your Probate Estate, potentially costing your heirs thousands in legal and administrative fees. While it is good to keep things updating, it is also important to be careful. If you previously did some estate planning work with an attorney, updating the beneficiary on the account may undo some of what was done by the attorney.

No Comments

Leave a comment
Comment Information

Schedule A Free Initial Consultation

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Email us for a response

The Dayton Law Firm, P.C.
1754 Technology Drive
Suite 230
San Jose, CA 95110-1319

Phone: 408-437-7570
Fax: 408-437-7509
San Jose Law Office Map

Directions To Our Office Door