Just starting my 401k at work › Forums › The Savings Spot This topic is empty. Viewing 3 posts - 1 through 3 (of 3 total) Author Posts March 22, 2023 at 8:31 pm #80500 Reply Meggan .. I’m not married and I have no kids. I’d like to list my nieces and nephews as beneficiaries, but I heard minors cannot be beneficiaries. Anybody know if this is true? March 22, 2023 at 8:33 pm #80502 Reply Nicholas They can be. The money maybe handled differently until they turn 18 though. March 22, 2023 at 8:37 pm #80503 Reply Stefani They can be beneficiaries, but its best you put a clause in your will or create trust that the money is managed by someone trustworthy until they turn 18 OR such a time as they are deemed fit to receive it. Author Posts Related Topics:Can you help me with long-term financial strategies for retirement and my kids?How can we claim life insurance benefits without a death certificate?Should I invest everything in VOO instead of VTI, given the S&P 500's AI potential?Help with retirement calculators!Is a career in healthcare a good choice for a 30-year-old woman starting fresh?Should I set up 529 accounts for the kids in my life? Viewing 3 posts - 1 through 3 (of 3 total) Reply To: Just starting my 401k at work Your information: Name (required): Mail (will not be published) (required): Website: Submit Spread the love No related posts.
