09/02/2026
One of the most expensive retirement planning mistakes can take less than five minutes to fix.
Over the years, we've worked with thousands of State of Michigan employees, and one issue shows up again and again: outdated—or missing—beneficiary designations.
Life changes. Marriage, divorce, children, and other major events can all affect who you've designated on your retirement accounts. The problem is many people assume those decisions were handled years ago and never revisit them.
A quick review today could help avoid unnecessary complications down the road.
When was the last time you reviewed your beneficiaries?