What Happens to 401k When You Die?

Federal Pension Advisors08 Oct, 2024Finance

It’s essential to understand what happens to 401k when you die. Typically, the account will go to the beneficiary you’ve designated. If no beneficiary is named, the funds could be directed to your estate, causing possible delays in distribution. Beneficiaries generally have the choice to withdraw the funds or roll them into another retirement account, and the tax implications will depend on their decision.