2 min read

Get Ready Money Pros: ✅ Week #31 Action Item: Review Your Beneficiaries

Get Ready Money Pros: ✅ Week #31 Action Item: Review Your Beneficiaries

Get Ready Money Pros: ✅ Week #31 Action Item: Review Your Beneficiaries

✅ Week #31 Action Item: Review Your Beneficiaries

  • By reviewing and designating beneficiaries, you can ensure that when the time comes your assets will go exactly where you specify.
  • Beneficiary designations take priority over wills and trusts, so if, for example, an ex-spouse is still your named beneficiary, they will receive the proceeds.
  • You can designate beneficiaries on investment accounts, retirement plans, bank accounts, life insurance policies, wills, trusts, and more.
  • ⭐️ Pro-tip:
  • Name a contingent beneficiary in the event that your primary beneficiary predeceases you.

💭 Habit of the week: Detailed Focus

  • Detailed focus on your beneficiary designations

🤔 Get Ready Money Guide Tip:

  • What positives came out of your review of your designated beneficiaries and estate plan?

📝 Resources (available to all):

📝 Access your resources for this week’s action item (#31) from your Get Ready Money Club dashboard (located in Monthly Focus Area 8: Your Legacy):

  • The Get Ready Blueprint week 31 worksheet where you’ll walk through reviewing your beneficiaries for your wills, trusts, bank accounts, life insurance and retirement plans.
  • Review fillable PDF’s and excel worksheets for these plans from prior weeks:
    • Bank accounts (monthly focus area 5, week 18)
    • Life insurance (monthly focus area 8, week 34)
    • Wills & Trusts worksheets (monthly focus area 8, week 32)
    • Retirement plans (monthly focus area 9, week 36)

Note: These resources are available for all Get Ready Money Club members.

Access Your Dashboard here

Join the Get Ready Money Club (here)

Source: The Get Ready weekly action item is from The Get Ready Blueprint: A 52 Week Guide to Changing The Way You Think About Money). Pick up your copy at your favorite online bookshop (Amazon)(bookshop.org).

About Tony Steuer

I make the complex world of financial services easy to understand so that people feel empowered to take control of their financial lives. A recognized authority on financial preparedness - in case of that disaster you did not expect - I advocate for ethics, integrity and consumer protection within the financial industry.

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I make the complex world of financial services easy to understand so that people feel empowered to take control of their financial lives. A recognized authority on financial preparedness - in case of that disaster you did not expect - I advocate for ethics, integrity and consumer protection within the financial industry.

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