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Since IRA accounts are not governed by ERISA law as are 401(k) plans and other qualified retirement plans (such as 403(b) and others), the spouse is not required to be the default beneficiary. For those plans governed by ERISA, a spouse must either be the beneficiary of the plan or must have authorized any other beneficiary designation.
IRAs (both traditional and Roth IRAs) do not have this restriction: you can name anyone you wish as the beneficiary of your IRA account.
What else can I help you with?
Is the spouse the surviving issue of the beneficiary in a will?
No, the spouse is not considered a surviving issue of the beneficiary in a will. "Issue" typically refers to direct descendants, such as children, grandchildren, or great-grandchildren, while a spouse is a separate legal relationship. In estate planning, the term "beneficiary" usually refers to someone designated to receive assets, which can include a spouse, but they do not fall under the definition of "issue."
Are long term disability taxable?
Can you file on the taxes that are taken out of long term disability check
Can long term disability deduct what SD is giving you for your child due to your disability?
if your long term disability is integrated with social security disability, then yes. This is the case for most employer paid long term disability plans, or your employee benefits package. If the Long-Term DI policy is an individual plan, not through your employer - you could receive the full base benefit if it's not integraded with Social Security Disability Benefits.
Is long term incarceration a disability?
Incarceration? Like in jail? No, its not a disability to be in jail be a long time.
Does Cigna have good benefits for its employees?
if I am receiving short term disability and my company is bought out and I need to go on long term disability will I be covered for long term?
Can you collect on a life insurance policy if you have a long term disability before death?
Not specifically for a long term disability, but you can collect if you have a terminal illness.
Where could one find a lawyer to assist with a long term disability insurance claim?
One can find a lawyer to assist in long term disability insurance claim in the phone book under lawyers. The lawyers often dealing with long term disability insurance will help you get paid when you have a disability.
Where to go to find out about short term disability?
An independent insurance agent expert in disability insurance can help with short-term disability or long-term disability.Look for a disabilitycenter on Google.
Can you have Medicare if on long-term disability?
Yes, if you are receiving Social Security disability payments.
Is long term care insurance the same as long term disability insurance?
Long-Term Care insurance protects asstes, disability income protects incomeNo, long term care insurance covers all the costs of a caregiver that is not covered by Medicare, Medicate and disability insurance. These services are quite extensive and expensive.
What is LTD on paycheck stub?
Long Term Disability
What is the difference between cronic illness and temporary disability?
Chronic illness is long-term illness, and temporary disability is short-term limited activity.
