WHEN WAS THE LAST TIME you reviewed your beneficiary designations?

If you haven’t done so recently, take a few minutes to review your retirement plan beneficiaries. You can help avoid unwanted results by updating beneficiary designations on your 401(k) plans, annuities, pensions and IRAs to account for life changes such as marriage, divorce or the death of a spouse or other listed beneficiary.

While you’re at it, go ahead and review the beneficiaries listed in your will, insurance policies and taxable accounts, too.

And if you don’t yet have a will, think about drafting one sooner rather than later.