July 8, 2023

This week on “Money Talks,” Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Client Relationship Manager Justin Wagner, AIF®, and Estate Planning Attorney Arun Gupta to cover the week’s market movements, the Fed’s minutes from its June policy meeting, and Jobless Claims. Justin and Arun team up to discuss an investor who has named his children as beneficiaries of his 401(k); however, the investor just married, which could change how his 401(k) is distributed should something happen to him. The experts cover the importance of clearly designating beneficiaries and how 401(k) are treated different than IRAs. The hosts round out the show by answering listeners’ questions on employer matching contributions and the need for a will if one has no heirs.

Timestamps and Chapters

  • 00:00 Market Roundup: Covering July 3 – July 7, 2023
  • 21:20 Case Study: 401(k) Beneficiary Designations
  • 33:49 Q&A Time: Employer Matching Contributions and “Do I need a will?”

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