Quote:
Originally Posted by Ecuadog
Yes. It's definitely not a small point given simultaneous death.
With your plan, I'm betting that if you do predecease your spouse, she will still have to name her own benficiaries (take care of the TOD stuff). Your secodary beneficiaries won't automatically become her primaries.
As to why Vanguard has this policy, I'm guessing that they just never got around to programming for anything else.
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I moved a significant amount of investments out of Vanguard due to this. Note, I did not have to sell anything, just transferred assets to avoid capital gains.