The costliest mistake people make with their IRAs doesn’t involve how they invest their funds or even their savings strategy. No, the single greatest blunder often goes undetected because, as many no doubt say when they’re opening their IRA account, “It’s something I can take care of later.” What is it? It’s neglecting to name the right beneficiary to your IRA.
Source: Who Should I Name As My IRA Beneficiary? | Forbes
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