Contact us to discuss life event changes
Life events — good or bad — can affect a retirement plan account.
Clearly, life doesn't always go as planned. And when life changes, the last thing most of us have on our minds is our retirement account. That, however, can be a mistake.
Life events like marriage, divorce, job changes, disability and more can have a big impact on your retirement account. Keep the following in mind if any of these life events apply to you.
|Life Event||Considerations||Action Needed|
Having (or adopting) children
Death of a spouse
|Generally, most retirement plans can only pay benefits to a participant's named beneficiaries upon his or her death.||Call The Principal at 1.800.547.7754 or log in to review and update (if needed) your retirement plan beneficiaries.|
|Divorce||Ex-spouses may become entitled to a portion of the retirement account balance. If that's the case, consider if you need to change the beneficiaries named in the retirement plan account.||Contact The Principal at 1.800.547.7754 to determine your next steps.|
|Job change||May include keeping your retirement plan assets with The Principal or rolling over your assets.||Call The Principal at 1.877.788.7242 ext. 48403 to discuss your options.|