Ep. 37 This Could Happen To You if You Don't Update Your Beneficiaries   It is important that you update your beneficiaries at least every other year, but definitely when a life change happens.  If you don't do this it could leave unintended consequences should something happen to you. I give several real life examples of situations I have seen and I'll give you another one.  When I was single I put my youngest sister who is 8 years younger as my beneficiary for my 401(k).  When I got married I made sure I changed the beneficiary to my wife, but if I hadn't and something happened to me, then my sister would have received that sum.  It can be an unintended result and it can be costly to fix, especially if one party isn't interested in working with the other to resolve it. Disclaimer:   The information in this podcast is for general knowledge and is not tax, legal or financial advice.  Please consult a financial advisor before making any major financial decision. If you would like a consultation with us, please reach out at 615-619-6919 or email [email protected].  To learn more about our company please visit www.redbarnfinancial.com 

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