Beneficiary Designations, acknowledgement
Updated IRA beneficiaries (held at Wells) to include our adult children as secondary beneficiaries. On the statement I can see the primary beneficiary (spouse) but not the secondary beneficiaries. Called to confirm it was updated and they have it the system supposedly but have no mechanism to acknowledge in writing it was done, not sure how I feel about that, thoughts?
They noted if I croak and my spouse is gone it will goto another department (forget what department) then it will get sorted out, seems kinda of crazy.
As a side note, we have a joint brokerage account at Vanguard and they won't let you add TOD on those accounts, that kind of stinks too. From my understanding Fidelity
will let us to the TOD as we want on the brokerage account.
Starting moving to Vanguard, open roth test IRAs and funded them, the beneficiaries were done and confirmed, can see them when you log on but then we ran into brokerage issue and stopped.
Half thinking of moving everything to one house if we can get the TOD and beneficiaries acknowledged accross every account in writing, maybe I'm asking to much!