Greetings!
Do You Know Who Your Beneficiaries Are?
After reading a few
articles regarding the designation of beneficiaries, I felt this was an
important issue to cover in this month's newsletter. I will sight one
example in particular that will surely have you checking your designated
beneficiaries on all your contracts/policies.
In this case, there was a failure to update the beneficiary designation on one's retirement plan documentation.
The
deceased, we'll call him "Bill" named his wife, "Lea" as beneficiary of
his company retirement plan. When they later divorced, they signed an
agreement in which Lea waived any rights to Bill's retirement benefits.
Although this agreement was binding between them, it was not part of a
qualified domestic relations order and accordingly was never filed with
the plan administrator. In addition, Bill never changed his beneficiary designation
on his plan documents so Lea received the payout from Bill's retirement plan instead of his children. This is because the
plan benefits must be paid to the beneficiary named on the beneficiary
designation form, unless and except to the extent that the Plan
Document (not state law, and not some other extraneous document - even
a Will) provides otherwise.
In conclusion, it is always a good idea to review your Beneficiary Designations on your retirement accounts as well as any insurance policies that you may have in force.
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 FOR BETTER HEALTH
No form of exercise is more essential to muscle and bone strength than strength training. Strength training involves lifting weights and/or using exercise bands or tubing. Strength training improves just about every measure of health, including the ability to stay active and independent in your later years. Many people think that strengthening is less important than walking or other forms of aerobic exercise. Not true. Aerobic exercise is important, but people with weak muscles don't have enough strength to adequately work the cardiovascular system.
Raisins are better for you than grapes. Raisins have nearly three times more antioxidants than red or green grapes, making them one of the best sources of antioxidants. When fruits are dried, their compounds are highly concentrated. Raisins are a good source of fiber, potassium and some minerals. But: Raisins also have a higher concentration of sugar and more calories than grapes. 1/2 cup of grapes has nearly 50 calories...1/2 cup of raisins has about 220 calories. Best: 60 raisins, or one ounce, once a day is a healthy snack with just 85 calories.
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 FUN & USEFUL WEB SITES
Caring for loved ones: Mayo Clinic resource for caregivers of aging parents or Alzheimer's patients. www.MayoClinic.com
Free product manuals: Download any of more than 100,000 electronics and appliance manuals. www.Retrevo.com
Free documentary films: Hundreds of documentaries-from both new and established filmmakers-to watch on-line. www.SnagFilms.com
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