It's crucial to update beneficiary designations after major life events to ensure your plan reflects your wishes. U.S. workers have stashed $6.9 trillion in their 401(k) plans as of Sept.

An essential component of estate and succession planning is ensuring that your beneficiary nominations are accurate and reflect your wishes. A well-considered nomination not only avoids confusion ...

It is important that these designations are kept up to date and are consistent with the rest of your estate plan. When you open up an investment account or retirement plan or buy life insurance, the ...