What if my retirement beneficiary dies before I do? | NC

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Q: What happens to my retirement account if my beneficiary dies before I do? A: Usually, the account goes to the beneficiary who is properly named on the plan records and who is still alive when you die. If your only named beneficiary died before you, that person cannot receive the account. The plan will then look for a living backup beneficiary. If there is no backup, the plan’s default rules…