I’m one week away from celebrating a successful first year of marriage and am pretty excited about it. I like to think I’m a pretty great husband. I also like to think I’m a pretty good money manager. But, and this is a BIG but, I’ve completely dropped the ball in a major way.
If I was to die tomorrow, Girl Ninja would be up a creek without a paddle. Fifty percent of our net worth is tied up in my Roth IRA and my 401k. If I die tomorrow guess who gets all that money? My mom!!! I started both of those accounts four years ago…when I was single.
I’ve been really good about changing over all our documents, adding her to my bank accounts, combining insurances, etc, but for some reason I didn’t even think about who my listed beneficiaries were on pieces of paper I signed many, many years ago.
Sorry Mom, but you’ve been demoted to the second most important woman in my life and this week I’ve committed to making Girl Ninja my sole beneficiary on each of these accounts. Don’t worry, I still heart you though 🙂
As you all know, Girl Ninja will be teaching in a new school district this year. Over the last few years she has accumulated about $3,000 in the San Diego teachers retirement system. Since she has no plans to retire in San Diego, we need to roll that sucker over in to a private retirement account. We’ve been on the phone with Wells Fargo and are in the process of opening up her very first Roth IRA! Girl Ninja + Roth IRA = Sexiness!!!!!
Keeping tabs on these obscure personal finance tasks can be overwhelming but is totally necessary. Are there any PF things that have been on your to-do list for a while, but haven’t gotten around to? What PF chores do you, or did you, despise (setting up retirement accounts, changing your name, figuring out health insurance stuff, etc)?
P.s. If you are wondering why there are no cartoons it’s because I am on another mini vacation in Malibu, Canada (if you don’t know where that is Google it, it’s one of the prettiest places on earth) and only have my iPad. Sorry my blogging has been lame lately, but vacations totally rock my face off!!!!! I’ll be back home on Saturday.