When you don't have an obvious beneficiary for your money... [video]

/ Planning Within Reach/

transcript

At least a few times a year, I will get a new client who has a blank beneficiary form for their retirement account, or an ex-spouse listed, or someone listed who has since died.

Now, many times the clients know this. They're just not sure who else to list, so they're feeling stuck.

First of all, you're not alone. Not everyone has kids or family members or friends that they want to leave their money to. That's nothing to be ashamed of. What's worked for these clients is to talk about charities that might be a better fit.

So I've asked clients, where have you given money to in the past?

Where have you donated your time?

What are your values?

What is important to you?

From there we go to charitynavigator.org (not dot com!). I'll put the link in the description below and you can click on 'Discover Charities' and using that information, find charities that are doing great work that align with your values. You can read more about the charities there, read about their rating system, do your own due diligence, but that seems to help people just get over that hump and come up with a charity to go ahead and list on that beneficiary form.

Be sure to like this video, subscribe and stay tuned for more money tips.

My name is Linda Rogers, Owner of Planning Within Reach.

Linda Rogers, CFP®, EA, MSBA is the owner and founder of Planning Within Reach, LLC (PWR). Originally from New Jersey, Linda services clients throughout San Diego county and nationwide. She leads the design of PWR's investment portfolios which utilize broad, low-cost investments that integrate environmentally, socially, and governance (ESG) factors.

Planning Within Reach, LLC (PWR) is a fee-only and fiduciary wealth management firm offering one-time comprehensive financial planning, ongoing impact-focused investment management and tax preparation services in San Diego and nationwide. PWR is a woman-owned firm that specializes in busy professionals and impact investors. Planning Within Reach, LLC and their advisors do not receive commissions and do not hold any insurance licenses or brokerage relationships.