Will Your Beneficiaries Be Able To Access Your Accounts After You Die?

Ever stop to think about what happens to all of your online accounts when you die? Does someone else have the password in order to gain access just in case? Making a plan for this now will make it easier on your loved ones.

Check out the full show notes here.

Take a look at the rundown below:

2:16 - In the News: Democratic presidential candidate Pete Buttigieg and his plan for shoring up Social Security.  

4:11 - Bernie Sanders proposes raising the tax rate for Social Security.

5:35 - Buttigeg’s plan will not shore up Social Security for even 80 more years, so is it a good enough fix? 

7:32 - What if the age of retirement was pushed back instead?

10:39 - The “password problem” is a constant issue if your spouse or family member passes away but you cannot log in.

14:44 - There are a lot of options of what you can do with passwords as retirees and pre-retirees.

15:56 - One solution is using LastPass on the different programs you use, which is free for individuals.

18:11 - Your family may not know about what you have in the bank or retirement accounts if you get online statements.