Click on the link below to get our free exclusive eBook today: "14 Metrics That Every CEO Needs to Know". If you are the beneficiary of a 401k plan , but you are not the spouse, then you need to understand your options.... ( read more )
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In order to ensure that retirement assets are distributed according to the wishes of the account owner after their passing, 401K plans have beneficiary distribution restrictions in place. These restrictions are meant to protect the interests of the beneficiaries, as well as to ensure that distributions are made in accordance with the rules of the plan and the law. One of the key restrictions that applies to 401K plans is the requirement that distributions must be made in a certain way depending on the age of the account owner at the time of their passing. If the ac
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)