We all know that women tend to live longer than men. According to the CDC, the average American male will live to age 76 and the average American female to age 81. The World Health Organization’s HALE index says that a woman’s extra years tend to be healthy ones. What is even more fascinating is that this is a global truth! Regardless of who goes first (I’m sorry, there’s no better way to say it), you’ll need to know how to properly arrange a spousal beneficiary rollover.
If you don’t take the time to plan now, the court or custodian will do it for you. Do you really want to leave the decisions of your life savings to a stranger? Danger!