When was the last time you reviewed your beneficiary designations? The beneficiaries you name on your financial accounts take precedence over a trust or will. That’s why making sure your beneficiary designations are current is critical. We recommend reviewing your beneficiaries annually, and after major life events like marriage, divorce, a new child, and death. When you open accounts like IRAs, 401(K)s, and Health Savings Accounts you are asked to name your primary and contingent beneficiaries. A common mistake is not naming contingent beneficiaries. If your primary beneficiary passes, and there’s no contingent beneficiary, your assets will go to your

The beginning of a new year is a great time to commit toward improving your financial life. Do you have an old 401(k) that’s riddled with haram holdings, but haven’t found the time to correct it? Perhaps you’re busy working hard only to feel like your savings going nowhere. Is your financial life so chaotic you don’t know where you are relative to achieving any of your goals? Whatever the case, now is the time to set your intentions and establish good habits. Of course, achieving your goals won’t happen overnight. It’s also easy to get sidetracked as the year