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Decoder · Doing it

Beneficiary

The person you name to receive an account if you die. The designation on file at the brokerage beats your will — a fact that surprises families every year. Naming one takes two minutes at account opening and can be updated after life events like marriage or a child.

For your first $100: Your first $100 account deserves its two-minute beneficiary line filled in. It is the cheapest estate planning there is.

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See this word inside your order