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Listeners are encouraged to seek out their own advisors in these areas.

Welcome to the Big Picture Retirement Show, where we deliver insight on what you need to know for a meaningful and successful retirement.

If you are planning for or living in retirement, this is the show for you.

I'm Devin.

I'm John Ross.

Hey, John.

Howdy.

All right.

So we've been wanting to talk about beneficiaries for a while because you and I over

lunches and other meetings,

we've seen lots of mistakes happen with beneficiaries. Oh yeah. It happens all the time.

You know, one that comes to mind is, and you knew her, because I remember this was way back

when I worked for the other firm. We shared a mutual client, and this lady, she was really the

picture of health. And she really wasn't concerned about her health.

In fact, she worked in health care. So by all appearances, this lady was in great shape.

But she couldn't make up her mind who to leave as a beneficiary on her accounts.

Yep.

She had never been married. She'd never had children. And she had built up a sizable account balance, too.

But she did have a number of brothers and sisters spread out in all kinds of different states.

And so when we were opening up her account, she said, Devin, I don't know.

I'm thinking about it.

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