February’s Just One Thing

Our one task for February is checking and updating the beneficiaries on your financial accounts. A beneficiary is the person you name to receive your assets in the event you pass away. When you open an investment account like an IRA or 401(k), or buy an insurance policy, you were probably asked to select a beneficiary. But this isn’t a “once and done” thing. February’s task is to review the beneficiaries on your financial accounts and make sure they still reflect your priorities. If you’ve gotten married, separated, divorced, or had kids you may want to update your listed beneficiaries. Even if you haven’t had a major life change it’s a good idea to check once a year to make sure everything is exactly how you want it.

Speaking of loved ones, we have a live event coming up this week! “Talking With Your Partner About Money” is February 16th at noon Eastern, and you can register right here.