A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related Brickyard terms
- Inherited IRAA retirement account you receive from someone who died, carrying its own withdrawal rules and timelines for heirs.
- Traditional IRAA retirement account where you often deduct contributions now and pay taxes later when you withdraw the money.
- Roth IRAA retirement account funded with after-tax money that grows and comes out tax-free.
- Survivor BenefitA Social Security payment a widow, widower, or dependent can receive based on a deceased worker's earnings record.
- Required Minimum Distribution (RMD)The minimum amount you are required to withdraw from certain retirement accounts each year once you reach a set age.
- 401(k)A retirement account through your job, often with an employer match — free money for saving.
Turn this into a brick
Knowing what Beneficiary Designation means is knowledge — the first half. A brick gets placed when you act on it.
More in Retirement
Plain-English education — not personalized legal, tax, or investment advice.