3rd Quarter 2019

Ask ICMA-RC: How do I update my beneficiary designations? Do I need to do it separately for each type of account?

It’s important to update your beneficiary designations after any major life changes to make sure the money will go to the person you want to inherit the account. Review the beneficiary designations on all of your ICMA-RC accounts, including your 401 and 457 plan accounts and any IRAs, and check the survivor designations if you have a VantageCare Retirement Health Savings account.

You’ll need to review and update the beneficiary designations separately for each of your ICMA-RC accounts. Log in to your account at www.icmarc.org/login, then click on the “Beneficiaries” option on the dropdown menu next to the plan of your choice on the home page.

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