I'll be contacting Vanguard to see about the beneficiaries I have set up, to be sure everything will go smoothly. I will demand it in writing if they say it's good. - 1pg

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Good. Since you are looking into this, I will share one other element of my experience with inheriting at Vanguard.

Upon learning that Vanguard will require all beneficiaries to do paperwork before distributing to any of them, I had to make some change. The obvious solution would be to set up a second Roth, then each one can having a different beneficiary. I would transfer half the assets to each, easy, peasy.

Nope, turns out all accounts with the same account type MUST have the same beneficiary designation. In other words, the second Roth in my example would inherit the same beneficiary designation as the first, so I would end up right where I started. The only way out is to set up the second Roth account at another institution. Stupid of Vanguard to provide this incentive. Anyway, beware.

Retirement Investing FAQ

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